315 W Olive St, Lockhart, TX 78644
Local realty services provided by:ERA Brokers Consolidated
Listed by: connor james
Office: lokation real estate, llc.
MLS#:9423366
Source:ACTRIS
315 W Olive St,Lockhart, TX 78644
$119,999
- 0.14 Acres
- Lots / Land
- Active
Price summary
- Price:$119,999
About this home
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....
Contact an agent
Home facts
- Subdivision & Development:Olive Grove Sub
- Listing ID #:9423366
- Updated:August 08, 2026 at 03:24 PM
Structure and exterior
- Lot area:0.14 Acres
- Lot Features:City Lot
Schools
- High school:Lockhart
- Elementary school:Bluebonnet (Lockhart ISD)
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$119,999
- Tax amount:$1,587 (2025)
New listings near 315 W Olive St
- New
$598,000Active3 beds 2 baths1,419 sq. ft.195 Branding Iron Trl, Lockhart, TX 78644
MLS# 8277885Listed by: COMPASS RE TEXAS, LLC - New
$13,975,000Active1 beds 1 baths870 sq. ft.0 Rolling Ridge Rd, Lockhart, TX 78644
MLS# 4867114Listed by: AUSTIN LIVIN LLC - New
$449,000Active3 beds 2 baths1,800 sq. ft.803 Campbell St, Lockhart, TX 78644
MLS# 5964903Listed by: LISTING RESULTS, LLC - New
$280,000Active4 beds 2 baths1,454 sq. ft.223 Pitkin Dr, Lockhart, TX 78644
MLS# 1452688Listed by: ALL CITY REAL ESTATE LTD. CO - New
$289,500Active5.43 Acres1401 Fm 713, Lockhart, TX 78644
MLS# 9699548Listed by: RONDA A. REAGAN PROPERTIES INC - New
$210,000Active2.38 Acres4177 Old Colony Line Rd, Lockhart, TX 78644
MLS# 2168217Listed by: LAND UNLIMITED - New
$350,000Active17 AcresTBD State Park Rd, Lockhart, TX 78644
MLS# 4476063Listed by: LAND UNLIMITED - New
$549,000Active3 beds 2 baths1,856 sq. ft.9765-A State Park Rd, Lockhart, TX 78644
MLS# 7316724Listed by: LAND UNLIMITED - New
$188,000Active4.5 AcresLot 6A Spanish Oak Blvd, Lockhart, TX 78644
MLS# 1007799Listed by: LORI HARING REALTY - New
$244,499Active4 beds 3 baths1,891 sq. ft.2301 Windrow Ln, Lockhart, TX 78644
MLS# 8819662Listed by: KELLER WILLIAMS CITY-VIEW