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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
Excellent investment opportunity in the heart of Lampasas. This tenant-occupied multi-unit residential property offers immediate income potential with three well-positioned rental units in a convenient location close to shopping, restaurants, schools, and everyday amenities. The property features a duplex with each side offering approximately 1,200 square feet, 2 bedrooms, and 1 full bath. In addition, a separate two-story unit was fully renovated in 2023 and includes approximately 1,100 square feet with 2 bedrooms, 1 full bath, and 1 half bath. All units are currently tenant occupied, providing a turnkey opportunity for investors seeking steady rental income. Conveniently located with easy access to downtown Lampasas, this property offers strong long-term investment potential in a growing Central Texas market. Whether you are looking to expand your rental portfolio or secure a multi-unit income-producing property, this is an opportunity worth exploring.
Property Type
Residential Income
Year Built
1950
Lot Size
0.21 acres
$/Sq Ft
$93
Garage
3 spaces
Listed by Shipley Ranches
Property Details
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Verified property facts
304 S Walnut St Unit #A is listed at $325,000 with 0 bedrooms, 3,500 square feet, 0.21-acre lot.
304 S Walnut St Unit #A is zoned for Lampasas ISD with assigned schools: Kline Whitis (elementary), Lampasas (middle), Lampasas (high). School assignments should be verified directly with the district.
304 S Walnut St Unit #A is a Residential Income built in 1950 featuring 0 bedrooms, 3,500 square feet, 0.21-acre lot.
304 S Walnut St Unit #A is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 304 S Walnut St Unit #A is $3,668. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.
Lampasas ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($65K)
$325,000
Luxury property intelligence
A sourced read on L S C 1st pricing, timing, and property scale. No automated valuation claim.
List price
$325,000
Price per sqft
$93/sqft
Vs. L S C 1st median
Not available
Days on market
26 days
Original to current
No verified reduction
$325K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($65,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 304 S Walnut St Unit #A is around $1,992 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $325,000, 304 S Walnut St Unit #A is in the L S C 1st market where there are currently 39 active listings in 76550.
304 S Walnut St Unit #A was built in 1950 (76 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Best Match
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