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503 E Avenue G 2 Unit Apartment Building $335,000 ($167,500/Unit) Lampasas, TX 76550
Executive Summary
Investment Opportunity with Dual Living Potential – Includes Adjoining Parcel!
Don’t miss this unique opportunity to own a versatile property perfect for multigenerational living, Airbnb, or Bed & Breakfast use! This charming home includes the adjoining parcel (MLS 591263), bringing the total lot size to 0.48 acres.
?? Main Home Features:
• 4 spacious bedrooms & 1 full bathroom
• Large kitchen & dining area — perfect for family gatherings
• Separate laundry room with washer/dryer hookups
• Natural gas appliances for energy-efficient living
• Brand-new wood-style flooring throughout
• Plenty of front lawn space for RV or boat parking
?? Breezeway & Secondary Living Space:
A breezeway connects the main home to a secondary building offering great flexibility:
• Lower level currently used as a utility/workshop/office space with washer/dryer connections — could be converted to additional living or entertaining space
• Upper level is a 1-bedroom apartment featuring:
o Full kitchen with eat-in dining
o Living room
o One full bathroom
o All-electric utilities
?? Location Highlights:
• Directly across from a city park
• Just a short walk to Cooper Spring Nature Park
• Convenient and quiet location with strong potential for short-term rental income
________________________________________
Whether you're looking for a personal residence with room for extended family, or a turn-key investment with income potential, this property offers endless possibilities. Schedule a tour today to explore the full potential!
**Note: Year built not accurate.
Don’t miss this unique opportunity to own a versatile property perfect for multigenerational living, Airbnb, or Bed & Breakfast use! This charming home includes the adjoining parcel (MLS 591263), bringing the total lot size to 0.48 acres.
?? Main Home Features:
• 4 spacious bedrooms & 1 full bathroom
• Large kitchen & dining area — perfect for family gatherings
• Separate laundry room with washer/dryer hookups
• Natural gas appliances for energy-efficient living
• Brand-new wood-style flooring throughout
• Plenty of front lawn space for RV or boat parking
?? Breezeway & Secondary Living Space:
A breezeway connects the main home to a secondary building offering great flexibility:
• Lower level currently used as a utility/workshop/office space with washer/dryer connections — could be converted to additional living or entertaining space
• Upper level is a 1-bedroom apartment featuring:
o Full kitchen with eat-in dining
o Living room
o One full bathroom
o All-electric utilities
?? Location Highlights:
• Directly across from a city park
• Just a short walk to Cooper Spring Nature Park
• Convenient and quiet location with strong potential for short-term rental income
________________________________________
Whether you're looking for a personal residence with room for extended family, or a turn-key investment with income potential, this property offers endless possibilities. Schedule a tour today to explore the full potential!
**Note: Year built not accurate.
Property Facts
| Price | $335,000 | Apartment Style | Low-Rise |
| Price Per Unit | $167,500 | Building Class | C |
| Sale Type | Investment | Building Size | 2,508 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment |
| Price | $335,000 |
| Price Per Unit | $167,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 2,508 SF |
| No. Stories | 2 |
| Year Built | 1950 |
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Property Taxes
| Parcel Number | 2899 | Improvements Assessment | $0 |
| Land Assessment | $15,050 | Total Assessment | $15,050 |
Property Taxes
Parcel Number
2899
Land Assessment
$15,050
Improvements Assessment
$0
Total Assessment
$15,050
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503 E Avenue G
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