304 S Walnut St #a,Lampasas, TX 76550
Lampasas, TX 76550
Description
Excellent investment opportunity in the heart of Lampasas. This tenant-occupied multi-unit residential property offers immediate income potential with three well-positioned rental units in a convenient location close to shopping, restaurants, schools, and everyday amenities.The property features a duplex with each side offering approximately 1,200 square feet, 2 bedrooms, and 1 full bath. In addition, a separate two-story unit was fully renovated in 2023 and includes approximately 1,100 square feet with 2 bedrooms, 1 full bath, and 1 half bath. All units are currently tenant occupied, providing a turnkey opportunity for investors seeking steady rental income.Conveniently located with easy access to downtown Lampasas, this property offers strong long-term investment potential in a growing Central Texas market. Whether you are looking to expand your rental portfolio or secure a multi-unit income-producing property, this is an opportunity worth exploring.
Details
| MLS # | 2455130 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 114 |
| Listing Provided By | Shipley Ranches | Jim Banks |
Features
| SQ Feet | 3,500 |
|---|---|
| Acreage | 0.21 |
| Water Front | Yes |
| Property View | City |
Interior
| Cooling | Central Air, Varies by Unit, Wall/Window Unit(s) |
|---|---|
| Heating | Central, Electric, Varies by Unit |
| Appliances | Dishwasher, Electric Range, Refrigerator |
| Fireplaces Total | 0 |
| Window Features | None |
| Flooring | Vinyl, Wood |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Shingle |
| Foundation Details | Pillar/Post/Pier, Slab |
| Lot Features | Alley, Few Trees |
| Patio And Porch Features | Covered, Porch |
| Fencing | None |
| Construction Materials | Spray Foam Insulation, Shake Siding, Synthetic Stucco |
Parking
| Parking Features | Alley Access, Attached |
|---|---|
| Garage Spaces | 0 |
Utilities
| Utilities | Electricity Connected, Phone Available |
|---|---|
| Sewer | Public Sewer |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 3668 |
|---|
Area Information
| State | TX |
|---|---|
| County | Lampasas |
| City | Lampasas |
| Zip Code | 76550 |
| Area | LP |
| Community Name | L S C 1st |
| School District | Lampasas ISD |
| Elementary School | Kline Whitis |
| High School | Lampasas |
| Listing VS Median (in L S C 1st) | |
Price: $315,000 low | high Med: $325,000 sqft: 3,500 low | high Med: 2,341 $ / sqft: $90 low | high Med: $139 On site: 114 low | high Med: 53 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 28, 2026 at 9:24:26 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Lampasas |
| City | Lampasas |
| Zip Code | 76550 |
| Area | LP |
| Community Name | L S C 1st |
| School District | Lampasas ISD |
| Elementary School | Kline Whitis |
| High School | Lampasas |
| Listing VS Median (in L S C 1st) | |
Price: $315,000 low | high Med: $325,000 sqft: 3,500 low | high Med: 2,341 $ / sqft: $90 low | high Med: $139 On site: 114 low | high Med: 53 | |
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