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    930 Ranch Road 261 Buchanan Dam, TX 78609

    For Sale
    $1,495,000

    Multifamily property near Lake Buchanan with immediate cash flow.

    Lot size:
    2.33 Acres

    Property Features for 930 Ranch Road 261

    General Information

    Lot size
    2.33 Acres

    Building Details

    Year built
    1960

    Source: Jesse James Real Estate Agent Jason James

    Displayed information 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 about 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

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Buchanan Dam
    County
    Llano
    State
    Texas
    Longitude
    -98.450026
    Latitude
    30.742884

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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 Ranch Road 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; - Recent capital improvements include newer metal roofs, stucco exterior, and interior renovations
    (325) 423-4415
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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 Ranch Road 261 Buchanan Dam, TX 78609
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