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Keenan Group#1 Austin Board of Realtors Team 2024
408 N Key Ave, photo 1 of 17, Lampasas, Lampasas, TX
Active

$690,000

0Beds
0.21 acresLot

408 N Key Ave, Lampasas, TX 76550

Reduced 1%$695,000
Lampasas·MLS# 5157942·Built 1997·484 days on market

— bed, — bath on 0.21 acres in Lampasas. Lampasas, TX 76550. $690,000.

About This Home

Beautiful commercial office building. 4 offices, reception area and kitchenette. Covered carport in rear, corner lot on busy Key Ave. Covered front porch. Wheelchair ramp. Minimum 6 Spaces for parking. Currently leased to Insurance company.

Property Type
Commercial Sale
Year Built
1997
Lot Size
0.21 acres

Listing information last updated June 22, 2026.

Listed by Bear Real Estate Services

MLS# 5157942 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

Generous 0.21-acre lot
Beautiful commercial office building
4 offices, reception area and kitchenette
Covered carport in rear, corner lot on busy Key Ave
Minimum 6 Spaces for parking
Currently leased to Insurance company.

Facts & Features

Interior

Flooring

  • Carpet
  • Tile
Heating
Central
Cooling
Central Air
Exterior & Lot

Construction

  • Brick
Lot Size
0.21 Acres

Parking

  • Additional Parking
  • Attached Carport
Financial
Original List Price
$695,000
Utilities
  • Electricity Connected
  • High Speed Internet
  • Phone Connected
Water Source
Public
Sewer
Public Sewer

Transaction History

1 record on file

Every recorded listing, sale, and lease at 408 N Key Ave, whoever represented it.

  1. ActiveListed 2025
    Current price: $690,000Original list: $695,000MLS 5157942

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.

View Timeline
Current list
$690,000
Original list
$695,000
Price movement
$5K reduction
Listed / DOM
Jun 19, 2025 · 484 days
Map showing 408 N Key Ave
408 N Key Ave
Directions
Principal & interest
$3,822

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($138K)

Adjustable assumption - not a lending recommendation.

$690,000

Loan: $552K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

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List price

$690,000

Price per sqft

Not available

Vs. Neighborhood guide reference price

Not available

Days on market

484 days

Original to current

$5K reduction

$695K 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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Verified property facts

Frequently Asked Questions

How much is 408 N Key Ave?

408 N Key Ave is listed at $690,000 with 0 bedrooms, 0.21-acre lot. This places it above the ZIP 76550 single-family closed-sale median price of $328,400 (ZIP 76550 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).

What are the property details for 408 N Key Ave?

408 N Key Ave is a Commercial Sale built in 1997 featuring 0 bedrooms, 0.21-acre lot.

What are the property taxes for 408 N Key Ave?

The most recent annual property tax for 408 N Key Ave is $4,459. 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.

How should a buyer estimate the monthly payment for 408 N Key Ave?

This page does not assume a mortgage rate or publish a monthly payment for 408 N Key Ave. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 408 N Key Ave compare with other homes in Lampasas?

As of Oct 15, 2026, 408 N Key Ave is offered at $690,000. The current MLS snapshot shows 52 active listings in 76550.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Lampasas

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

Unlock MLSMLS GRID

Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 10:42:08 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 10:42:08 AM

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