
$324,000
NAL Estimated Property Value503 E Avenue G, Lampasas, TX, 76550
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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!
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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: Lampasas
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