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Tenant-Occupied Triplex with Renovated Unit
For Sale
$299,500

304 S Walnut St A B & C, Lampasas, TX 76550

Three occupied rental units include a duplex and a separate two-story residence.

Property Size3,500 SF
Price / SF$85.57
Days on Market30

Property Features for 304 S Walnut St A B & C

General Information

Standard status Active
Size 3,500 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units 3

Building Details

Year Built 1950
Buildings 2
Listing Agency: Shipley Ranches
Listed By: Jim Banks · License #0756113
Source: Olverabolton
Added: Aug 9 Changed: Sep 5 Last Checked: Sep 7 at 12:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shipley Ranches

Investment Insights

Based on property information with market context.

This triplex contains approximately 3,500 square feet across three tenant-occupied units. The duplex is divided into two residences, each with approximately 1,200 square feet, two bedrooms, and one full bathroom. A separate two-story unit provides approximately 1,100 square feet with two bedrooms, one full bathroom, and one half bathroom.

The standalone unit was fully renovated in 2023, while the property as a whole dates to 1950. The address is 304 S Walnut St A, B, & C, Lampasas, TX 76550. Shopping, restaurants, schools, and other everyday amenities are identified nearby, with access to downtown Lampasas also noted.

Key Highlights

  • Three tenant‑occupied rental units
  • Duplex includes two approximately 1,200‑SF units
  • Separate two‑story unit measures approximately 1,100 SF

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Parking Lot & Garage Pharmacy HVAC Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

700
Businesses Nearby

Demographics for 76550, TX

12,840
Population
6,129
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
541.5 sq mi
ZIP Area
24
Density / Sq Mi
$73,697
Median Household Income
$34,970
Median Earnings
$902
Median Rent
$237,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three occupied rental units include a duplex and a separate two-story residence.
Where is this triplex located?
The property is located at 304 S Walnut St A B & C Lampasas, TX.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: Three tenant‑occupied rental units; Duplex includes two approximately 1,200‑SF units; Separate two‑story unit measures approximately 1,100 SF
More about this property
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