ActiveResidential · sale

650 S Main St

Giddings, TX 78942

$160,000

  • 2 beds
  • 3 baths
  • 2,528 sq ft
  • 0.59 acres
  • Built 1960

Listed by Leeco Realty Group, LLC · MLS #ACT1257044

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1960.

Property size

0.59 acres listed.

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

THE PROPERTY

Get to know the property.

VALUE IS IN THE LAND / MULTIPLE LOTS

Rare redevelopment opportunity in the heart of Giddings! This property includes multiple lots associated with 650 S Main St and 145 E Liberty St, totaling approximately 25,740 square feet across several Lee CAD parcels. With multiple lots, access from multiple streets, and a convenient in-town location, this property offers excellent potential for new construction, redevelopment, investment, or future use.

The multiple access points may provide added flexibility for the individual lots and future development, subject to City of Giddings requirements. A city alley also separates portions of the property, further contributing to the unique layout and potential use of the site.

The property currently includes a two-story home and several additional structures, but the primary value is in the land and lot configuration. Existing structures are in poor condition and are expected to require demolition.

A city alley separates portions of the property, creating a unique layout that may offer additional flexibility for future development. No survey is available, and any aerial boundary lines shown are approximate only. Property is being sold AS IS, WHERE IS. Buyer and buyer’s agent should independently verify lot dimensions, boundaries, utilities, zoning, setbacks, development requirements, and intended use with the appropriate authorities.

THE NEIGHBORHOOD

Explore the location.

650 S Main St, Giddings, TX 78942

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1960
Full baths
3
Half baths
0
Garage spaces
0
Cooling
See Remarks
Heating
See Remarks
Appliances
See Remarks
Flooring
See Remarks
Fencing
See Remarks
Accessibility
See Remarks
Pool features
None
Subdivision
OT Giddings
Parcel
16393, 16524 and 11651
Elementary school
Giddings
Middle school
Giddings
High school
Giddings
Annual property tax
$3,179.21

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$666.67
Cap rate

Annual operating income:

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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 & interestLoan 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.

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650 S Main St, Giddings, TX 78942 · MLS #ACT1257044

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Listing information

MLS #ACT1257044 · Austin Board of Realtors

Listing brokerage: Leeco Realty Group, LLC
Listing agent: Jenny Ashley

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