ActiveResidential · sale

101 N Rice St

Lampasas, TX 76550

$415,000

  • 4 beds
  • 3 baths
  • 2,635 sq ft
  • 0.54 acres
  • Built 1970

Listed by The Kuker Company · MLS #ACT4619223

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

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PROPERTY QUESTIONS & SHOWINGS

Ask about this property.

101 N Rice St, Lampasas, TX 76550 · MLS #ACT4619223

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Your purchase plans

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A FEW THINGS TO NOTICE

What stands out.

Additional spaces

This thoughtfully updated property features a 1,915 SF main residence with 3 bedrooms and 2 bathrooms, plus a separate 720 SF guest house offering an additional bedroom and full bathroom.

Details worth a look

Additional features include a 12-by-16-foot concrete patio, covered two-car carport, sprinkler system, and 10-by-12-foot storage shed.

Year built

Built in 1970.

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

THE PROPERTY

Get to know the property.

Welcome to 101 N Rice Street in West Lampasas, where comfort, character, and versatility come together on a beautiful half-acre corner lot shaded by mature trees, including pecans. This thoughtfully updated property features a 1,915 SF main residence with 3 bedrooms and 2 bathrooms, plus a separate 720 SF guest house offering an additional bedroom and full bathroom.
The main home features a welcoming living room, a spacious 19-by-20-foot second living area, and a flexible dining or office space, providing room for relaxing, entertaining, or pursuing hobbies and creative interests. The updated kitchen features granite countertops, white cabinetry, subway tile backsplash, stainless steel appliances, and a butcher block peninsula. Luxury vinyl plank flooring, updated lighting, and tasteful finishes complement the home's inviting character. Both bathrooms in the main residence were updated in 2026, adding to the extensive improvements completed throughout the property. Additional updates include interior and exterior painting, new flooring, kitchen renovations, upgraded electrical service panels, attic insulation, and a new roof installed in April 2023.
The separate guest house offers 1 bedroom, 1 full bathroom, a kitchen, generous closet space, and central heating and air conditioning. Updated with new flooring, plumbing, electrical, appliances, and interior finishes, this inviting space is ideal for hosting guests, accommodating visiting family or in-laws, or enjoying the flexibility of an additional living area.
Outside, the expansive tree-shaded grounds provide a peaceful setting for relaxing, entertaining, and enjoying the outdoors. Additional features include a 12-by-16-foot concrete patio, covered two-car carport, sprinkler system, and 10-by-12-foot storage shed.
With two distinct living spaces, extensive improvements, and a generous corner lot, 101 N Rice Street offers a wonderful combination of charm, functionality, and flexibility in West Lampasas.

THE NEIGHBORHOOD

Explore the location.

101 N Rice St, Lampasas, TX 76550

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1970
Full baths
3
Half baths
0
Garage spaces
0
Cooling
Attic Fan, Ceiling Fan(s), Central Air, Electric
Heating
Central, Electric, Exhaust Fan
Appliances
Dishwasher, Disposal, Exhaust Fan, Microwave, Free-Standing Electric Range, Free-Standing Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Electric Water Heater
Flooring
Laminate, Vinyl
Fencing
None
Accessibility
None
Pool features
None
Subdivision
Fairview
Parcel
582
Elementary school
Kline Whitis
Middle school
Lampasas
High school
Lampasas
Annual property tax
$5,845.15

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$767.95
Estimated monthly rent$1,729.17
Cap rate2.47%

Annual operating income: $10,252.88

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

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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.

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Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #ACT4619223 · Austin Board of Realtors

Listing brokerage: The Kuker Company
Listing agent: Ronald Kuker

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