Excellent multifamily development opportunity near the San Marcos River and the new Woodlands of San Marcos complex. Existing zoning allows up to 24 units per acre. May be combined with adjacent parcel for a combined total of 5 acres. This lot was platted in 2001 and is eligible for grandfathered impact fees which is an almost $5,000 savings per LUE used on the property. Would make an ideal location for a quadplex, triplex, duplex, townhome or combination of products in a single development. Neighborhood is established and surrounding properties have excellent rental history.