Active Under Contract

1301 Taylor St

Lampasas, TX 76550

$299,500 $1,262/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

1,756

Sqft

0.57

Acre(Lot)

Description

One of the most compelling opportunities in Lampasas, this 1930s character home combines classic craftsmanship with serious INCOME potential. Set on a generous 0.57- acre lot, this property offers two residences. The main home features 3 bedrooms, 2 baths, and 1,756 sq ft of inviting living space with hardwood floors, tile accents, and the kind of solid construction that simply isn’t found in newer builds. Updated for modern comfort with forced-air gas heating, washer/dryer hookups, side-by-side refrigerator, and dishwasher included. The garage apartment is the income-producing gem of this property. Completely remodeled in 2018, this bright 1-bedroom, 1-bath unit offers approximately 500 sq ft of thoughtfully finished living space with its own washer/dryer hookups — the kind of turnkey set up that attracts quality, long-term tenants. Currently tenant-occupied and generating $775/month — $9,300 annually — this unit delivers immediate cash flow from day one, with room to grow as the Lampasas rental market continues to strengthen. The Opportunity - Live in the main home and utilize the garage apartment to offset your mortgage. Two properties on one lot are rare in this market. Offered at $299,500 as-is, this property is priced to reflect its condition and presents a wonderful opportunity for a buyer ready to add their personal touch while enjoying immediate rental income from the additional dwelling.

Property Details

Property Type : Residential

Price : $299,500

AD Id : 78920262

MLS Id : 5790808

Beds : 3

Lot Size : 0.57 Acre

Living Area Size : 1,756

Year Built : 1926

County : Lampasas

Subdivision: John Burleson

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Total Baths: 2 Full Baths: 2

Roofing Information

Composition, Shingle

Flooring Information

Linoleum, Tile, Wood
Interior Features

CeilingFans, DoubleVanity, Storage, SoakingTub, WalkInClosets

Roof: Composition, Shingle

Appliances: Dishwasher, FreeStandingGasRange, Refrigerator, RangeHood

Laundry Features: MainLevel, LaundryRoom, InUnit, WasherHookup, ElectricDryerHookup
Heating & Cooling

Heating: Ceiling, Central, NaturalGas Has Cooling: Yes

Building Information

Year Built: 1926

Construction Materials: Block, WoodSiding

Stories: 1

Pool Features: None

Private Pool: No

Water front Features: None

View: City, Garden, Neighborhood
Exterior Features

Exterior Features: ExteriorSteps

Lot Information

Main Square Feet: 0.567 Lot Size Acres: 0.567 Lot Description: CornerLot,GentleSloping,NativePlants,TreesMediumSize

Property Information

Subdivision: John Burleson Source Property Type: Residential Property SubType: Single Family Residence Direction Faces: East Levels: One Property Age: 100

Listing Price Information

Listing Price: $299500

Cash, Conventional

Tax Information

Parcel Number: 8231 Tax Lot: see agent Tax Block: see agent Tax Year: 2025 Tax Legal Desc: ACR: .567 ABST: 0042 SURV: JOHN BURLESON

Virtual Tour

Virtual Tour (External Link)

Parking Information

Concrete, SharedDriveway

School Information

Elementary School: Hanna Springs Junior High School: Lampasas Senior High School: Lampasas
Utility Information

ElectricityConnected, NaturalGasAvailable, SewerConnected, WaterConnected
Location Information

Direction: In Lampasas, on E 4th St, next to Petal Peddlers Florist, the side of this house is on E 4th St, across from Old Georgetown Rd. WaterSource: Public

Sell a home like this and save $17,471 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
W County Road 224, Lampasas, TX, 76550	$699,999	3	2	500	500 SqFt
11009 S Highway 183 Hig.., Lampasas, TX, 76550	$279,900	--	--	800	800 SqFt
945 County Road 208, Lampasas, TX, 76550	$285,000	3	2	2,048	2,048 SqFt
639 County Road 3081, Lampasas, TX, 76550	$355,000	4	2	2,024	2,024 SqFt
677 County Road 3081, Lampasas, TX, 76550	$332,000	3	2	2,537	2,537 SqFt
677 County Road 3081, Lampasas, TX, 76550	$332,000	3	2	2,537	2,537 SqFt
875 County Road 231, Lampasas, TX, 76550	$345,000	3	2	1,736	1,736 SqFt
6757 County Road 3010, Lampasas, TX, 76550	$899,000	4	3	2,515	2,515 SqFt
6757 County Road 3010, Lampasas, TX, 76550	$899,000	4	3	2,510	2,510 SqFt
465 E County Road 3064, Lampasas, TX, 76550	$169,999	2	1	780	780 SqFt

Similar Homes To 1301 Taylor St

Nearby For Sale

Active

$332,000

Home For Sale

677 County Road 3081,
Lampasas, TX, 76550

Bed

Bath

Sqft

Acres(Lot)

201 E 6th Street,
Lampasas, TX, 76550

Bed

Bath

Sqft

Acre(Lot)

104 Skipcha Trail,
Lampasas, TX, 76550

Bed

Bath

Sqft

Acre(Lot)

108 S Race Street,
Lampasas, TX, 76550

Bed

Bath

Sqft

Acre(Lot)

1202 Nix Road,
Lampasas, TX, 76550

Bed

Bath

1,590

Sqft

0.28

Acre(Lot)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/05/2026 @ 02:22

MLS: 5790808 LISTED BY: Jack Harrell, Harrell & Assoc. Real Estate 512-556-3131 SOURCE: ACTRIS