Active

304 S Walnut Street #A, B, C

Lampasas, TX 76550

$325,000 $1,370/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

3,500

Sqft

0.21

Acre(Lot)

Description

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 Details

Property Type : ResidentialIncome

Price : $325,000

AD Id : 78009493

MLS Id : 2455130

Beds : 6

Lot Size : 0.21 Acre

Living Area Size : 3,500

Year Built : 1950

County : Lampasas

Subdivision: L S C 1st

Map

What's Nearby

Nearby Areas

Features

Interior Features

Roof: Shingle

Appliances: Dishwasher, ElectricRange, Refrigerator

Laundry Features: LaundryRoom, GasDryerHookup
Heating & Cooling

Heating: Central, Electric, VariesByUnit Has Cooling: Yes

Building Information

Year Built: 1950

Construction Materials: ShakeSiding, SprayFoamInsulation, SyntheticStucco

Private Pool: No

Water front Features: None

View: City
Exterior Features

Exterior Features: None

Lot Information

Main Square Feet: 0.2059 Lot Size Acres: 0.2059 Lot Description: Alley,FewTrees

Property Information

Subdivision: L S C 1st Source Property Type: ResidentialIncome Property SubType: Triplex Direction Faces: East Levels: MultiSplit Property Age: 76

Listing Price Information

Listing Price: $325000

Cash, Conventional

Tax Information

Parcel Number: 1229 Tax Lot: 3 Tax Block: 18 Tax Year: 2025 Annual Tax: $3668.16 Tax Legal Desc: L S C 1ST ADDN BLOCK 1 - 70, BLOCK 18, LOT 3, ACRES 0.206

Virtual Tour

Virtual Tour (External Link)

Parking Information

AlleyAccess, Attached

Garage Information

Pets Allowed: No

School Information

Elementary School: Kline Whitis Junior High School: Lampasas Senior High School: Lampasas
Utility Information

ElectricityAvailable, ElectricityConnected, PhoneAvailable, SeeRemarks
Location Information

Direction: From Key AVE heading North, turn left onto W Third St. Travel 350ft and take a right onto S Walnut Street. In 200 ft property will be on your left. WaterSource: Public

Sell a home like this and save $19,001 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
1704 E 3rd Street #1,2, Lampasas, TX, 76550	$179,000	2	2	992	992 SqFt

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 06/10/2026 @ 20:00

MLS: 2455130 LISTED BY: James Banks, Shipley Ranches 325-998-4548 SOURCE: ACTRIS