New Duplex With Covered
For Sale
$179,000
1704 E 3rd St, Lampasas, TX 76550
MULTI_FAMILY - Other - Lampasas, TX
Property Size992 SF
Lot Size0.40 Acres
Price / SF$180.44
Days on Market172
Property Features for 1704 E 3rd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
SF-2
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Interior features
CeilingFans, MultipleClosets, Kitchenette
Fencing
Privacy
Appliances
Dryer, ElectricRange, ElectricWaterHeater, Disposal, Microwave, PlumbedForIceMaker, Refrigerator, RangeHood, Washer, SomeElectricAppliances
Lot features
City Lot, Quarter To Half Acre Lot
Elementary school district
Lampasas ISD
Middle school district
Lampasas ISD
High school district
Lampasas ISD
Directions
From Key Ave go East on 3rd Street through town and duplex will be on the right side.
Standard status
Active
APN
2021
Size
992 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Part of lots 3,4,5 Block 9-Matthews and Wilkes Addition
Legal Description
Part of lots 3,4,5 Block 9-Matthews and Wilkes Addition
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Electric
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Number of units
1
Flooring type
Concrete, Paintedstained
Building materials
HardiplankType
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Bear Real Estate Services
(512) 556-9321
Listed By:
Ronald Farr · License #0675789
(512) 556-1599
Added: Feb 9
Changed: Jul 30
Last Checked: Jul 31 at 11:06PM
MLS# 603736
Copyright © 2026 Central Texas Multiple Listing Service. 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 new duplex is built for comfortable, low-maintenance living with two separate units. Each unit features stained concrete floors, large closets, and an included washer/dryer setup, along with all appliances. Interior amenities include ceiling fans and a kitchenette. The exterior includes a concrete patio and covered parking, with privacy fencing around the property.
The duplex is currently under construction, with an estimated build year of 2025. Construction materials include Hardiplank type siding, and the roof is composition shingle. Heating is electric, and cooling is provided by window unit(s) and electric systems. The property is served by public water and public sewer.
The floor plan includes multiple bedrooms and two bathrooms, supported by practical finishes such as painted/stained flooring and in-unit electric water heating.
The duplex is currently under construction, with an estimated build year of 2025. Construction materials include Hardiplank type siding, and the roof is composition shingle. Heating is electric, and cooling is provided by window unit(s) and electric systems. The property is served by public water and public sewer.
The floor plan includes multiple bedrooms and two bathrooms, supported by practical finishes such as painted/stained flooring and in-unit electric water heating.
Key Highlights
- Duplex with two separate units
- Under construction, with a 2025 year built
- 0.4‑acre lot with concrete patio and covered parking
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.1k | $13.20 |
| − Vacancy | −$846 | −$0.85 |
| EGI | $12.2k | $12.35 |
| − OpEx | −$3.7k | −$3.70 |
| NOI | $8.6k | $8.64 |
992 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$122.5K
$107.2K – $142.9K
NOI $8,574 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$113.3K
$99.2K – $132.2K
NOI $7,933 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$238.3K
$208.5K – $278.0K
NOI $16,679 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex on a public water and public sewer system, with stained concrete floors and covered parking.
Where is this duplex located?
The property is located at 1704 E 3rd St Lampasas, TX.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Duplex with two separate units; Under construction, with a 2025 year built; 0.4‑acre lot with concrete patio and covered parking
