— bed, — bath on 0.30 acres in Bastrop. Bastrop, TX 78602. $1,360,000.
About This Home
Investment Opportunity - Multiple Units - Multi Family - 251 Zimmerman is a 4 plex (2/1 576 sq ft each) - UNIT A - VACANT UNIT B - $900 RENT - $1,225 DEPOSIT UNIT C - VACANT UNIT D - $1,075 RENT - $1,050 DEPOSIT 261 Zimmerman is a Duplex (3/2 1,100 sq ft ea) - UNIT A - $1,300 RENT - $1,300 DEPOSIT UNIT B - $1155 RENT - $1,495 DEPOSIT 263 Zimmerman is a Duplex (3/2 1,100 sq ft ea) UNIT A - $1,155 RENT - $1,545 DEPOSIT UNIT B - $1,155 RENT - $950 DEPOSIT 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.
The clearest advantage at 251 Zimmerman Ave Unit #A in Bastrop is that this is an income-oriented multi family asset with a documented rent roll, existing deposits, and a larger assemblage strategy rather than a single isolated door. Priced at $1.36M in Bastrop, TX 78602, this 2004-built commercial sale sits on 0.3 acres and has been on the market for 307 days, which makes the underwriting conversation more concrete: unit mix, occupancy, operating structure, and repositioning potential matter more here than broad marketing language.
The 251 Zimmerman component is a fourplex with four 2 bedroom, 1 bathroom units at 576 square feet each. At the time reflected in the remarks, Unit A and Unit C were vacant, while Unit B was leased at $900 with a $1,225 deposit and Unit D was leased at $1,075 with a $1,050 deposit. The broader package also includes 261 Zimmerman and 263 Zimmerman, each configured as duplexes with 3 bedroom, 2 bathroom units of about 1,100 square feet. Reported rents there range from $1,155 to $1,300, with deposits from $950 to $1,545. The seller’s stated preference is to transfer the properties together, which shifts the value discussion toward scale, turnover management, and portfolio-level cash flow.
Operations are straightforward and worth noting because they affect real returns. Water is included in rent because each property is served by a single meter, and lawn service is also included. The duplex units offer central air and heat, dishwashers, stoves, washer and dryer connections, and fenced backyard areas. The fourplex units rely on window units and include a mix of stackable washers and dryers, refrigerators, dishwashers, and stoves. That contrast matters because it separates the asset into different maintenance and leasing profiles within the same offering.
For an investor looking at Bastrop County, this is the kind of property that should be evaluated as a small-scale income platform with clear operational inputs, existing lease evidence, and room to tighten occupancy and expense strategy over time. The long-term value here is in controlling multiple units with known configurations and rental history in one transaction, then improving performance through disciplined management rather than assumption.
The numbers behind this insight
- Offered at
- $1,360,000
- Listed
- May 13, 2025
- Property Type
- Commercial Sale
- Year Built
- 2004
- Lot Size
- 0.30 acres
Listing information last updated March 16, 2026.
Listed by Heart of the Pines Real Estate
MLS# 4873263 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Linoleum
- Parquet
- Heating
- Central
- Cooling
- Central Air,Wall/Window Unit(s)
Exterior & Lot
- Clapboard
- Wood Siding
- Slab
- Lot Size
- 0.30 Acres
- Attached Carport
- Driveway
Financial
- Original List Price
- $1,360,000
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 251 Zimmerman Ave Unit #A, whoever represented it.
- ActiveListed 2025Current price: $1,360,000Original list: $1,360,000MLS 4873263
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $1,360,000
- Original list
- $1,360,000
- Price movement
- No verified reduction
- Listed / DOM
- May 13, 2025 · 527 days
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($272K)
Adjustable assumption - not a lending recommendation.
$1,360,000
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Keenan Market Position
A sourced read on Bastrop pricing, timing, and property scale. No automated valuation claim.
List price
$1,360,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
527 days
Original to current
No verified reduction
$1.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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