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  • 11673 Jollyville Rd. Ste. B-101
    Austin, TX 78759

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Central Texas Multiple Listing Service

Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than The Legacy Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

Austin Board of Realtors

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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$139,000
For Sale

321 W Olive Street

Lockhart, TX 78644
0.14 acres | #1688956
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Browse 6 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Exceptional investment and development opportunity in the heart of Lockhart! Just minutes from the city’s historic downtown, this collection of four contiguous lots offers rare versatility and scale for small-format builders or investors. Zoned Residential Medium Density (RMD), each ~6,000 sq ft lot allows single-family or duplex construction by right, with potential for townhomes or condos through the city’s Specific Use Permit process. This flexibility means you can build up to eight dwelling units by right or more with city approval — a perfect setup for build-to-rent portfolios, duplex resale projects, or multifamily infill development. All city utilities are available, and the property is free from any HOA restrictions, allowing complete design flexibility. The lots feature level terrain, multiple street frontages, and a prime corner location within walking distance to Lockhart’s historic downtown. Enjoy easy access to Hwy 183 and SH-130, both just a few blocks away, providing quick connections to Austin, San Marcos, and Bastrop. Just 30 minutes to Austin-Bergstrom Airport, 25 minutes to Tesla, and 35 minutes to Downtown Austin. Lockhart’s growth has accelerated, attracting major employers like Sensei Farms, Hill Country Foodworks, The Ziegenfelder Co., and RealCold, as well as a wave of new homebuilders, hotels, and restaurants. The city of 17,000 is among the fastest-growing in Central Texas, with over 8,800 homes planned or under construction. Famous for its legendary BBQ scene — from Kreuz Market and Smitty’s to Barbs B Q and Terry Black’s — Lockhart now blends small-town charm with big-market momentum. Whether you’re looking to develop income-producing duplexes, hold for appreciation, or create a boutique townhome community, these RMD-zoned lots deliver powerful upside in one of Central Texas’s most promising emerging markets.

  • Property Details
      • Utility FeaturesCable Available, Electricity Available, Phone Available, Sewer Available, Water Available
      • Elementary SchoolBluebonnet (Lockhart ISD)
      • SubdivisionOlive Grove Sub
      • Property SubtypeMultipleParcels
      • ViewNeighborhood
      • Sewer InformationPublic Sewer
      • School DistrictLockhart ISD
      • Lot DescriptionCity Lot
      • Property TypePurchase
      • Middle SchoolLockhart
      • High SchoolLockhart
      • CountyCaldwell
      • Original List Price$139,000
      • Short SaleStandard
      • MLS #1688956
      • MLS #1688956
      • Utility SourcePublic
      • Taxes Annual$1,586
      • Cost139000
      • Acres0.139
      • Days on Market (Cumulative)762

Location

Legal

Based on information submitted to the MLS GRID as of 2025-10-27 19:05:51 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

Last Updated: Today at 12:12 AM. Source: ACTRIS

Provided By
Listing Agent: Connor James (#694650), Phone: (512) 792-4703
Listing Office: LoKation Real Estate, LLC (#704730)

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