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$140,000

1502 S Main Street, Lampasas, TX, 76550

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,103 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.93 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesGas Water Heater, Water Heater, Cooktop
FlooringVinyl

Exterior

Lot Size6,011 sqft

Land Information

APN1890
Land UseResidential
Legal DescriptionLOT: 10 BLK: 8 ADDN: L S C 2ND LOCCD:94
Census Tract950500
Assessed Land Value$8,280
Assessed Improvement Value$118,750
Assessment Year2025

About this property

Price Drop!!!! This well-kept home offers a solid opportunity for buyers seeking value and flexibility in a convenient Lampasas location. The property has been cared for over the years and presents well, with the option for updates to suit personal style or long-term plans. The layout provides comfortable living spaces with good natural light and functional flow. Outside, the yard offers room to enjoy outdoor space, gardening, or future enhancements. Whether you’re looking for a primary residence with room to personalize or a straightforward investment with upside potential, this property delivers a practical foundation and location that continues to see steady demand. Convenient access to local shops, dining, and everyday amenities adds to the appeal.

Investor Tools

Property Icon
$166,000
Estimated Property Value
$0Estimated Mortgage Balance
$166,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$996 /month
Positive
Cash Flow Estimate:
$332 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$270/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,407
$127,030
2025
$8,280
$118,750
$127,030
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$2,407
$127,030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$166,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lampasas

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1502 S Main Street | Property Details | No Agent List