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$324,000

NAL Estimated Property Value

503 E Avenue G, Lampasas, TX, 76550

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,508 Sq Ft
price_per_sqft$112.64 / sqft

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
AppliancesRange
FlooringCarpet, Concrete, Tile

Exterior

Exterior FeaturesBalcony
Lot Size12,632 sqft

Land Information

APN2898
Lot Number2,3
Land UseResidential
Legal DescriptionWITCHER & WILLETT'S ADDITION, BLOCK 4, LOT 2 & 3 (PT ABND ALLEY), ACRES .29
Census Tract950400
Assessed Land Value$15,050
Assessed Improvement Value$196,640
Assessment Year2025

About this property

Dual Living Potential – Includes Adjoining Parcel! Don’t miss this unique opportunity to own a fully functional and versatile property with two homes perfect for multigenerational living, Airbnb, or Bed & Breakfast use! This charming home includes the adjoining parcel (MLS 591263), bringing the total lot size to 0.48 acres. **Main Home Features: • 4 spacious bedrooms & 1 full bathroom • Large kitchen & dining area — perfect for family gatherings • Separate laundry room with washer/dryer hookups • Natural gas appliances for energy-efficient living • Brand-new wood-style flooring throughout • Plenty of front lawn space for RV or boat parking **Breezeway & Secondary Living Space: A breezeway connects the main home to a secondary building offering great flexibility: • Lower level currently used as a utility/workshop/office space with washer/dryer connections — could be converted to additional living or entertaining space • Upper level is a 1-bedroom apartment featuring: • Full kitchen with eat-in dining • Living room • One full bathroom • All-electric utilities **Location Highlights: • Directly across from a city park • Just a short walk to Cooper Spring Nature Park • Convenient and quiet location with strong potential for short-term rental income. *****Whether you're looking for a personal residence with room for extended family, or a turn-key investment with income potential, this property offers endless possibilities. Schedule a tour today to explore the full potential!

Investor Tools

Property Icon
$324,000
Estimated Property Value
$0Estimated Mortgage Balance
$324,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,944 /month
Positive
Cash Flow Estimate:
$648 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$264/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,544
$211,690
2025
$15,050
$196,640
$211,690
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,544
$211,690

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$324,000
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.

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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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503 E Avenue G | Property Details | No Agent List