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$750,000

606 S Key Avenue, Lampasas, TX, 76550

PendingInfo
Beds4 Beds
Baths4 Bath
Baths3,382 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$221.76 / sqft
Year BuiltBuilt in 1904

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesElectric Range, Range
FlooringCarpet, Wood

Exterior

Exterior FeaturesPorch
Lot Size17,947 sqft

Building Information

Year Built1920

Land Information

APN1308
Lot Number1,2
Land UseCommercial
Legal DescriptionLOT: LOTS 1-2 BLK: 30 ADDN: L S C 1ST LOCCD:94
Census Tract950500
Assessed Land Value$161,460
Assessed Improvement Value$380,010
Assessment Year2025

About this property

Step into the elegance of a bygone era with this stunning 1904 historic home offering 3,382 square feet of timeless charm and craftsmanship. Soaring ceilings, incredible original woodwork, stained glass accents, and multiple fireplaces create a warm and unforgettable atmosphere throughout the home. The grand staircase, beautifully carved millwork, and impressive fireplace mantels showcase the exceptional detail rarely found in modern construction. Large windows invite natural light while highlighting the historic character preserved throughout the property. Relax on the expansive covered porch or unwind in the garden tub after a long day. Spacious rooms offer flexibility for living, entertaining, or hosting guests. Currently operating as a short-term rental, the property offers income potential and unique versatility. With commercial/retail zoning, the possibilities extend beyond residential living to include boutique retail, professional office space, bed and breakfast, or continued STR use. A rare opportunity to own a piece of history with exceptional character and endless possibilities.

Investor Tools

$0Estimated Mortgage Balance
$541,470Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$982/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,074
$541,470
2025
$161,460
$380,010
$541,470
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$9,074
$541,470

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$541,470
100%
0%
$0/mo

City: Lampasas

606 S Key Avenue | Property Details | No Agent List