ActiveResidential · sale

306 S Walnut Street

Lampasas, TX 76550

$1,050,000

  • 3,628 sq ft
  • 0.21 acres
  • Built 1995

Listed by Bumpus Real Estate · MLS #628496

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

306 S Walnut Street, Lampasas, TX 76550 — photo 1 View full photo
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PROPERTY QUESTIONS & SHOWINGS

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306 S Walnut Street, Lampasas, TX 76550 · MLS #628496

Your preferred tour

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.

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1995.

Garage parking

1 garage spaces listed.

Property size

0.21 acres listed.

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

THE PROPERTY

Get to know the property.

This bundled investment opportunity includes 3 complexes with a total of 9 units, all currently fully occupied. An excellent opportunity for investors looking to expand their rental portfolio with an established, income-producing property and tenants already in place.

A fantastic opportunity for investors to acquire a portfolio of three multifamily properties, featuring a total of 9 rental units, all currently occupied!

Building 1 – 306 S Walnut

Fourplex with 4 units
Each unit features 2 bedrooms and 1 bathroom
One carport space per unit

Building 2 – 203/205 W 3rd Street

Duplex with 2 units
Each unit features 2 bedrooms and 1.5 bathrooms
One-car garage per unit

Building 3 – 208/210 S Ridge and 403 W 2nd

Triplex with 3 units
Each unit features 2 bedrooms and 2 bathrooms
One-car garage per unit

Investment Highlights
-9 total rental units
-All units currently rented
-A mix of fourplex, duplex, and triplex properties
-Two-bedroom floor plans in every unit
-Dedicated covered parking or garage spaces for every unit

Whether you're expanding an existing rental portfolio or looking to invest in income-producing real estate, this is an excellent opportunity to own multiple rental properties with established occupancy.

Don't miss your chance to add these income-producing properties to your investment portfolio!
Explore the locationMore properties in Lampasas

THE NEIGHBORHOOD

Explore the location.

306 S Walnut Street, Lampasas, TX 76550

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Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1995
Garage spaces
1
Cooling
CentralAir
Heating
Central
Utilities
None,WaterAvailable
Fencing
ChainLink
Accessibility
None
Pool features
None
Spa
No
Subdivision
L S C 1st
Parcel
1227

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

Investor outlook Rental potential, ownership costs and property management

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$4,375.00
Cap rate—

Annual operating income: —

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  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.

More in Lampasas.

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Listing information

MLS #628496 · Central Texas MLS

Listing brokerage: Bumpus Real Estate
Listing agent: Ronald Bumpus

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.