251 Zimmerman Ave Unit #A-B-C-D, Bastrop, TX 78602

Investment Opportunity - Multiple Units - Multi Family - 251 Zimmerman is a 4 plex (2/1 576 sq ft each) - Unit A - Vacant Unit B - Pending Unit C - Rent $900 - Deposit $710 Lease Exp 9/30/25 Unit D - Rent $1075 - Deposit $1050 Lease Exp 9/30/25 261 Zimmerman is a Duplex (3/2 1,100 sq ft ea) - Unit A - Rent $1300 - Deposit $1300 - Lease Exp 11/30/25 Unit B - Rent $1155 - Deposit $1495 - Lease Exp 9/30/25 263 Zimmerman is a Duplex (3/2 1,100 sq ft ea) Unit A - Rent $1155 - Deposit $1545 - Lease Exp - 9/30/25 Unit B - Rent $1155 - Deposit $950 - Lease Exp - 9/30/25 Owner wants to sell All At one time. The rents include water because each property has only One Meter and also Lawn Service is included in the rent. The duplexes have central air and heat, dishwashers and stove. They do offer W/D connections and each has a fenced in back yard area. The 4-plex has window units, stackable washer and dryers in some, refrigerators, dishwashers and stoves.

A four-unit income property on a 0.3 acre site is the clearest value driver here, and 251 Zimmerman Ave Unit #A-B-C-D puts that scale into the Bastrop market in Bastrop. Offered at $1.36M, or $590 per square foot, the property totals 2,304 square feet and was built in 2004. It sits in Bastrop ISD, with Mina Elementary, Riverside Middle, and Bastrop High serving the area, which matters for long-term tenant appeal and market positioning in Bastrop County.

The asset itself is straightforward. This is a residential income quadruplex with four 2 bedroom, 1 bath units at roughly 576 square feet each. Current occupancy creates a mixed leasing profile rather than a fully stabilized one, which is often where buyers find the real underwriting question. Unit A is vacant. Unit B is pending. Unit C is leased at $900 with a $710 deposit through September 30, 2025. Unit D is leased at $1,075 with a $1,050 deposit through September 30, 2025. That setup gives an investor both in-place income and immediate control over part of the rent roll, which can matter more than a fully occupied property when pricing has to reflect current operations instead of projected ones.

The operating details also deserve attention because they affect net performance, not just occupancy. Water is included in rent because the property is served by a single meter, and lawn service is also included. The fourplex uses window units, and some units include stackable washers and dryers along with refrigerators, dishwashers, and stoves. Those are practical details that shape turnover costs, tenant expectations, and maintenance planning. With 307 days on market, this is not a quick-turn listing built on presentation alone. It is a small multifamily asset that asks a buyer to look closely at lease structure, utility setup, unit equipment, and the degree of control available at closing.

For an investor focused on Bastrop rental housing, the opportunity is in the combination of unit count, lot size, existing leases, and operational transparency. Properties like this are judged less by headline language and more by how efficiently they can be managed, leased, and improved over time, and 251 Zimmerman Ave Unit #A-B-C-D has a profile that supports that kind of long-view strategy.