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    930 Hwy, Unit 261 Buchanan Dam, TX 78609

    For Sale
    $1,495,000

    Commercial - Buchanan Dam, TX

    Property size:
    11,155 SF
    Lot size:
    2.33 Acres
    Days on Market:
    109
    Last Refresh:
    Dec 8 at 3:06 am

    Property Features for 930 Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    021662
    Size
    11,155 SF
    Lot size
    2.33 Acres

    Utilities

    Heating system
    Central, Wall Furnace
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1960
    Flooring type
    Laminate, Tile
    Roof type
    Metal
    Architectural style
    Other

    Jesse James Real Estate Ll (325) 248-0818

    Listing agent Jason James (325) 248-0818 License #0477258

    Listing date Aug 22, 2025

    MLS# 174585 Listing URL

    Copyright © 2025 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Buchanan Multifamily Investment Opportunity

    This multifamily property, totaling over 11,000 square feet, is situated on 2.33 acres and offers elevated views of Lake Buchanan. The property is configured as 12 apartment units with 92% occupancy, providing immediate cash flow. There is potential to increase rents and net operating income through full stabilization. Recent capital improvements include newer metal roofs, a stucco exterior, and interior renovations. Onsite amenities include a covered common area, tenant laundry, and storage. The property is located near Highways 1431 and 29, approximately 20 minutes from Burnet, Llano, and Marble Falls, and 90 minutes from Austin or San Antonio. Free public lake access and a boat ramp are located 2 miles away.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Buchanan Dam
    County
    Llano
    State
    Texas
    Longitude
    -98.44925692
    Latitude
    30.743100271

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property near Lake Buchanan with immediate cash flow.
    Where is this apartment building located?
    The property is located at 930 Hwy, Unit 261 Buchanan Dam, TX.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Lake-adjacent multifamily property with **elevated views of Lake Buchanan.**; - **Immediate cash flow** with 92% occupancy and potential to increase rents and NOI.; - Recent capital improvements: newer metal roofs, stucco exterior, and interior renovations.
    (325) 248-0818
    Request Owner's contact information
    930 Hwy, Unit 261 Buchanan Dam, TX 78609
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    Buchanan Dam, TX 78609
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    930 Hwy, Unit 261 Buchanan Dam, TX 78609
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