Four Contiguous Residential Development
For Sale
$139,000
315 West Olive Street, Lockhart, TX 78644
Four contiguous RMD-zoned lots with multiple street frontages and city utilities, offering flexibility for single-family or duplex construction.
Property SizeContact for details
Days on Market418
Property Features for 315 West Olive Street
General Information
Standard status
Active
Property subtype
Land / Multiple Parcels
Zoning
RMD
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,587
Listing Agency:
LoKation Real Estate, LLC
(512) 559-3294
Listed By:
Connor James · License #0694650
(512) 559-3294
Source:
Compass
Added: Jul 3, 2025
Changed: Aug 8
Last Checked: Mar 25 at 5:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LoKation Real Estate, LLC
Investment Insights
Based on property information with market context.
This offering consists of four contiguous residential lots with level terrain and multiple street frontages, including a prime corner location. The parcels are zoned Residential Medium Density (RMD), supporting by-right construction of single-family or duplex homes. The property also allows the possibility of additional density, including townhome or condo-style development, through the City’s Specific Use Permit process.
City utilities are available, and the lots are free of HOA restrictions, providing design flexibility for the development approach you choose. The property is described as just minutes from Lockhart’s historic downtown, with easy access to Hwy 183 and SH-130 a few blocks away.
Overall, these contiguous RMD lots offer a flexible small-format residential development platform for projects seeking to combine multiple entrances and street frontage characteristics within a single acquisition.
City utilities are available, and the lots are free of HOA restrictions, providing design flexibility for the development approach you choose. The property is described as just minutes from Lockhart’s historic downtown, with easy access to Hwy 183 and SH-130 a few blocks away.
Overall, these contiguous RMD lots offer a flexible small-format residential development platform for projects seeking to combine multiple entrances and street frontage characteristics within a single acquisition.
Key Highlights
- Four contiguous Residential Medium Density (RMD) lots, each approximately 6,000 SF, totaling about 24,000 SF.
- Zoned RMD to build single‑family or duplex construction by right, with potential to add more units with city approval.
- Potential for up to 8 dwelling units by right (and additional units through the city’s Specific Use Permit process).
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 78644, TX
20,813
Population
7,660
Households
2.7
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
179.9 sq mi
ZIP Area
116
Density / Sq Mi
$72,155
Median Household Income
$40,085
Median Earnings
$1,162
Median Rent
$242,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Four contiguous RMD-zoned lots with multiple street frontages and city utilities, offering flexibility for single-family or duplex construction.
Where is this residential land & home lot located?
The property is located at 315 West Olive Street Lockhart, TX.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Four contiguous Residential Medium Density (RMD) lots, each approximately 6,000 SF, totaling about 24,000 SF.; Zoned RMD to build single‑family or duplex construction by right, with potential to add more units with city approval.; Potential for up to 8 dwelling units by right (and additional units through the city’s Specific Use Permit process).
