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Two-Unit Duplex Income Property

309-311 Lilac Drive Granbury, TX 76049

309-311 Lilac Drive, Granbury, TX, 76049
$255,000
For Sale
$255,000

MULTI_FAMILY - Granbury, TX

Lot Size0.23 Acres
Days on Market43

Property Features for 309-311 Lilac Drive

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
Parking
4
Parking features
Open
Interior features
DecorativeDesignerLightingFixtures, EatInKitchen, HighSpeedInternet, CableTv
Fencing
Fenced
Appliances
Dishwasher, ElectricOven, ElectricRange, Refrigerator
Standard status
Active
APN
R000011850
Lot size
0.23 Acres

Taxes and HOA fees

Tax Description
ACRES: 0.230 LOT: 3G BLK: 3 SUBD: EASTWOOD VI

Utilities

Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Private

Building Details

Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency Elevate Realty Group
Granbury, TX
Listed by Natalie Self
Added: Jun 6 Checked: Jul 18 at 8:06 am
MLS# 21289226 Listing URL

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This duplex features two separate units, each offering two bedrooms and one bathroom with an open floor plan designed to use interior space efficiently. Exterior amenities include a fenced backyard for tenant use. Several capital improvements have been made, including a brand-new roof, replacement of all eight front windows, and new flooring installed in the living areas.

The property is located at 309-311 Lilac Drive in Granbury, TX, in Hood County. The listing notes additional unit-level updates: unit 309 has a new HVAC system installed in June 2023, unit 311 has a water heater replaced in June 2025, and a new dishwasher was installed in January 2023.

For tenants, the layout supports straightforward everyday living with two-bedroom functionality in each unit and a fenced outdoor area. For buyers and operators, the combination of refreshed building components and documented recent replacements may help reduce near-term maintenance items and support stable day-to-day operations. This is a duplex asset designed for practical residential income use.

Key Highlights

  • Income‑producing duplex built in 1986, with each unit offering 2 bedrooms and 1 bathroom
  • Brand new roof installed; all 8 front windows replaced; new flooring installed in living areas
  • Central air and central heating, plus ceiling fans in the home

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Law Firm Big Box & Wholesale Store Barber Shop Electrical Service Home Appliance Store Daycare Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex with two bedrooms per unit, updated roof, windows, flooring, and multiple recent appliance replacements.
Where is this duplex located?
The property is located at 309-311 Lilac Drive Granbury, TX.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1986, with each unit offering 2 bedrooms and 1 bathroom; Brand new roof installed; all 8 front windows replaced; new flooring installed in living areas; Central air and central heating, plus ceiling fans in the home
Contact an agent
More about this property
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