Both lots are being sold together for the listed price, offering a rare 1.18-acre multifamily development opportunity in the Texas Hill Country along FM 32 in Fischer, TX. Located at 7671 FM 32 (Lot 6) and 7665 FM 32 (Lot 7), these Rancho Del Lago lots are approved for multifamily development and allow for a duplex, triplex, or fourplex on each lot, creating the potential for up to 8 total rental units.
Investors, builders, and developers will appreciate that much of the preliminary work has already been completed. Sellers have site plans, foundation engineering, and duplex plans available for review by qualified buyers with proof of funds. Modular construction is welcome.
Conveniently located less than 4 minutes from Canyon Lake High School, the property offers strong appeal for future tenants seeking proximity to local schools, employment centers, and Canyon Lake amenities. City water is available with taps on site. Septic systems will be required; estimates are available upon request.
Looking for a turnkey building solution? The sellers are also available to build to suit on a cost-plus basis with the purchase of the property, providing flexibility for investors seeking a streamlined path from acquisition to construction.
Opportunities for multifamily development in this location are limited. Secure both lots and take advantage of the planning work already completed.
Features of 7665 Fm 32
MLS® #
7203117
Price
$119,000
Bathrooms
0.00
Acres
1.18
Type
Land / Farm
Sub-Type
Multiple Parcels
Status
Active
Has Pool
No
Water Feature/View
View
Hills
Is Waterfront
No
Community Information: Fischer
Address
7665 Fm 32
Area
CM
Subdivision
Rancho Del Lago 7
City
Fischer
County
Comal
State
TX
Zip Code
78623
Amenities of 7665 Fm 32
Utilities
Electricity Available, Water Available
Features
None
Interior of 7665 Fm 32
Fireplace
No
Exterior of 7665 Fm 32
Lot Description
Few Trees, Irregular Lot
School Information
District
Comal ISD
Elementary
Rebecca Creek
Middle
Mountain Valley Middle
High
Canyon Lake
Additional Information On 7665 Fm 32
Days on Market
91
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
No
Property History
Price Reduced from $148,900 to $119,000
Price Reduced from $149,000 to $148,900
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. Listing Data Provided By: All City Real Estate Ltd. Co(512) 738-2053. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 24th, 2026 at 11:45pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
