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$1,160,000

301 Main St, Smithville, TX, 78957

On MarketInfo
CommercialInfo
Baths0 Bath
Baths3,376 Sq Ft
Multi FamilyMulti Family
price_per_sqft$343.6 / sqft

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3,398 sqft

Building Information

Stories1

Land Information

APNR19343
Lot Number19
SubdivisionS7820 - Smithville Townsite
Land UseCommercial
Legal DescriptionSMITHVILLE TOWNSITE, BLOCK 22, LOT 19 (FR 2 FT) & 20
Census Tract950700
Assessed Land Value$32,983
Assessed Improvement Value$421,698
Assessment Year2025

About this property

Step into a rare opportunity to own a true landmark in the heart of Smithville—a charming and historic Texas town known for its cinematic appeal, including scenes from Hope Floats. Perfectly positioned within the thriving triangle of Houston, Austin, and San Antonio, this property offers both character and strategic location. Built in 1904 by master craftsmen, this striking brick building remains one of the tallest in Bastrop County—a testament to its enduring presence and architectural significance. Today, it blends historic charm with modern income potential. The upper floors feature four loft-style residences, currently generating rental income, with three recently remodeled to include updated electrical, plumbing, flooring and more. Freshly painted common areas and stairways enhance the inviting atmosphere. On the ground level, a spacious retail or commercial suite awaits your vision. Complete with two bathrooms and flexible space for a kitchen, office, or storefront, it’s ideal for entrepreneurs looking to live and work in one inspiring location.

Investor Tools

$53,132Estimated Mortgage Balance
$402,388Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,960 /month
Positive
Cash Flow Estimate:
$2,320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$984/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,530
$454,681
2025
$32,983
$421,698
$454,681
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,530
$454,681

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Elizabeth Dawn Streuer
Commercial
$95,800
No
First
Feb 9, 2005
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,132
$401,549
88%
12%
$749/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: Smithville

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