Liberty Hill, TX 78642 (Williamson County)
About this property
An Exceptional Investment Opportunity! 10 Acres | 6 Homes | Immediate Income | Unlimited Potential (Seller Financing available) This is the kind of opportunity that rarely comes to market. Set on a generous 10-acre parcel, this established income-producing property features six single-family residences — five currently generating consistent rental income, with the sixth serving as the owner's private residence. With a current CAP rate of approximately 5.5-6.5%, this is a performing asset from day one. But the real story is the land. Ten acres in this market represents far more than what's currently on it. Whether you're an investor looking for steady cash flow, a developer with a vision for what comes next, or a buyer ready to live on site while your investment works for you — this property meets you exactly where you are.
Property details
Location
About the Area
205 Montrose Dr is located in Liberty Hill, Texas, in Williamson County. Williamson County is the northern anchor of the Austin metro, encompassing Round Rock, Georgetown, Cedar Park, and Leander, communities that have experienced some of the fastest residential growth in the nation over the past decade. The county's western edge retains significant ranch and acreage character as the Hill Country transitions to the urban core.
The San Gabriel River flows through Georgetown and the northern reaches of the county. The terrain transitions from the limestone hills of the western county to the Blackland Prairie in the east. Stillhouse Hollow Lake on the Lampasas River sits on the Williamson-Bell county boundary, offering recreation within easy reach of the northern suburbs.
Liberty Hill had an estimated population of 6,706 as of 2023. The 78642 zip code has a median household income of $128,086, a median home value of $486,800, and a median age of 36.8. The average household size is 3.02 people.
Major employers include Dell Technologies (headquartered in Round Rock), Amazon, healthcare systems, and a massive retail and service sector supporting one of Texas's most affluent suburban populations. Georgetown consistently ranks among the fastest-growing cities in America, and the county's western acreage properties attract buyers seeking rural character with urban access.
Demographic data sourced from the U.S. Census Bureau, American Community Survey 5-Year Estimates (2023).
Listing information © 2026 Unlock MLS (ACTRIS). All data provided AS IS. Information is deemed reliable but not guaranteed. Listing courtesy of Pure Realty.