ActiveResidential · sale

927 & 937 N Franklin St.

La Grange, TX 78945

$315,000

  • 6 beds
  • 3 baths
  • 3,742 sq ft
  • 0.47 acres
  • Built 1950

Listed by Land Brokers Real Estate Inc. · MLS #ACT3574116

927 & 937 N Franklin St., La Grange, TX 78945 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1950.

Property size

0.47 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Income Producing, $3000 a month
Home 1 — 3 Bed / 1 Bath (Occupied)
$1500 a month rent
Single-story layout with approximately 1400 sqft functional floor plan
Each home has sperate utilities

Home 2 — 3 Bed / 2 Bath (Occupied)
Approximately 2028 sqft
Long-term tenants of nearly 10 years
Currently rented at $1,500/month
Stable, reliable income stream
Separate access for privacy and convenience

Property Highlights
Almost half an acre, offering space, privacy, and future potential
Two homes on one tract provide multiple income opportunities
Dual access points: N Franklin St and the rear alley
Ideal for investors, extended families, or those seeking rental income

Why La Grange?
Highly regarded schools and a strong sense of community
High demand for rentals — low vacancy, strong rental market
Conveniently located between Houston and Austin
Home inspection reports are available from 2024 upon request.
Explore the locationMore properties in La Grange

THE NEIGHBORHOOD

Explore the location.

927 & 937 N Franklin St., La Grange, TX 78945

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1950
Full baths
3
Half baths
0
Garage spaces
0
Cooling
Central Air, Wall/Window Unit(s)
Heating
Central, Electric
Appliances
Dishwasher, Electric Oven, Free-Standing Electric Range, Refrigerator
Flooring
Tile, Vinyl, Wood
Fencing
Partial
Accessibility
None
Pool features
None
Subdivision
Kapler
Parcel
927 & 937 N Franklin St.
Elementary school
Hermes
Middle school
La Grange
High school
La Grange

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$1,312.50
Cap rate—

Annual operating income: —

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

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927 & 937 N Franklin St., La Grange, TX 78945 · MLS #ACT3574116

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Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

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Listing information

MLS #ACT3574116 · Austin Board of Realtors

Listing brokerage: Land Brokers Real Estate Inc.
Listing agent: Bob Gulash

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.