
— bed, — bath on 1.18 acres in Fischer. Fischer, TX 78623. $119,000. Comal ISD.
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.
Listing information last updated September 3, 2026.
Listed by All City Real Estate Ltd. Co
MLS# 7203117 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Verified property facts
7665 Fm 32 is zoned for Comal ISD with assigned schools: Rebecca Creek (elementary), Mountain Valley Middle (middle), Canyon Lake (high). School assignments should be verified directly with the district.
The most recent annual property tax for 7665 Fm 32 is $845. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
This page does not assume a mortgage rate or publish a monthly payment for 7665 Fm 32. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 2, 2026, 7665 Fm 32 is offered at $119,000. The current MLS snapshot shows 14 active listings in 78623.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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Every recorded listing, sale, and lease at 7665 Fm 32, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Comal ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($24K)
Adjustable assumption - not a lending recommendation.
$119,000
Luxury property intelligence
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List price
$119,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
99 days
Original to current
$30K reduction
$149K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 2, 2026.
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