




$412,000
NAL Estimated Property Value418 N Rice St, Hamilton, TX, 76531
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MOTIVATED SELLER - MAKE AND OFFER! This incredible property in the heart of Hamilton offers unmatched versatility and charm! Set on a spacious 0.75-acre L-shaped lot, it features a well-maintained 3-bedroom, 2-bath brick home, a detached 1-bedroom apartment, and a massive 3,145 sq ft metal shop—making it ideal for residential living, income potential, or business use. The main home boasts a thoughtful layout with stunning original hardwood floors and abundant natural light. In addition to the spacious living room, there's a cozy den that could serve as a 4th bedroom, office, or playroom. The large eat-in kitchen maintains its vintage character while offering modern updates for comfortable daily living. Need more room? The attic offers ample space to finish out a second story, adding even more potential to this already exceptional property. The detached upstairs apartment has a private entrance, offering excellent potential as a rental, guest suite, or use it as your residence and rent out the main house. Below the apartment is a large bonus room and extra storage, adding even more usable space to the property. The metal shop is a dream for hobbyists or entrepreneurs. It includes a long enclosed garage, a large finished multi-use room, a private office with a full bathroom, and a generous workshop with a roll-up door and loft storage. A powerful blower system provides fresh air circulation. The fenced backyard is a tranquil retreat with mature hardwoods, live oaks, and a peaceful koi pond. Two 1,500-gallon water tanks make lawn care easy. The home is situated with dual street access and parking available on Hwy 281 and E Gentry With a 3-2 brick home, apartment, and massive shop, this property is so much more than just a home — it’s an opportunity. Don’t miss out — schedule your showing today!
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Hamilton
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