16800 Lookout Rd Selma, TX ^$ 3,900,000

16800 Lookout Rd

^$ 3,900,000

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16800 Lookout Rd

Selma, TX, 78154

^$ 3,900,000

Studio Baths0.0 Sq 17,100

Monthly Estimate*

^$ 24,331

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16800 Lookout Rd, Selma, TX 78154 - Image 9

Studio

Multi-Family Home for sale in Selma, TX

for $3,900,000. This 17,100 square foot home was built in 2010 on a lot size of 3.13.

With a brand new hospital being built just across the street, this partially-complete MF development is packed with potential. Entitled property. Utilities already on site. Original design plan included 34 townhomes + a clubhouse. 8 of those units have been built out but need major updating. Potential to scratch original design and re-work property for better use. Easy access to I35 & Loop 1604. High traffic road with high visibility.

Multi-Family Active

Price

^$ 3,900,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 15,000

Style

Multi-Family (2-8 Units)

Lot Size

3.13

Year Built

2010

Town/City

Selma

County/Region

Guadalupe

MLS | Web ID

1837616

Features

General

Living Area 17100

Heating Central

Cooling Unit Central

Subdivision NA

Builder NA

Class Multi-Family (2-8 Units)

Type Two Story

Status Price Change

Area 1600

Year Built 2010

High School Veterans Memorial

School District Judson

Proposed Terms 1st Seller Carry Cash Investors OK

Elementary School Rolling Meadows

Middle School Kitty Hawk

Legal Description CB 5046R BLK 1 LOT 1 (THE RESERVE A

Taxes 15000

Exterior

Exterior Stucco

Foundation Slab

Exterior Features Patio Slab Covered Patio

Lot Size 3.13

Water/Sewer City

Roofing Other

Interior

Flooring Other

Heating Fuel Electric

* Excluded Features

List By

Amanda Mercer

Listing Agent

Real Broker, Llc

Broker

amanda@p31venture.com;txagentamanda@gmail.com

Affordability Calculator

$25,581

Per Month

Monthly Principal & Interest: $24,331
Monthly Property Taxes: $1,250
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Selma, TX

Average List Price ^$2,597,500

Percent of Sale Price 33%

About Selma, TX

10,048 Population

664% Since 2002

^$76,031 Median Income

35.4 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

746042 Elementary School

745112 Middle School

Veterans Memorial High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/5/2025	$3,900,000	-7.14%	Price Down
1/27/2025	$4,200,000		Listed Price

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16800 Lookout Rd, Selma, TX, 78154 is a Multi-Family Home for sale at $3,900,000 with 17,100 sqft and a lot size of 3.13. 16800 Lookout Rd is a studio with 0.0 baths and was built in 2010. The property's zip code is 78154 which is in Selma, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the San Antonio Board of Realtors. The San Antonio Board of Realtors may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the San Antonio Board of Realtors from liability.

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16800 Lookout Rd

Multi-Family Home for sale in Selma, TX

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