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Residential Income Duplex
For Sale
$179,000

1704 E 3rd Street, Lampasas, TX 76550

MULTI_FAMILY - Lampasas, TX

Property SizeContact for details
Lot Size0.40 Acres
Days on Market50

Property Features for 1704 E 3rd Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Parking 2
Fencing Privacy
Appliances Dryer, Disposal, Microwave, Refrigerator, Washer
Subdivision Matthews & Wilkes Add
Elementary school Hanna Springs
Middle school Lampasas
High school Lampasas
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
Lot size 0.40 Acres

Taxes and HOA fees

Tax Description MATTHEWS & WILKES ADDITION, BLOCK 6, LOT 3 &
Tax Annual Amount 178
Legal Description MATTHEWS & WILKES ADDITION, BLOCK 6, LOT 3 &

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Ceiling Fan(s), Electric, Window Unit(s)
Water source Public

Building Details

Year built 2025
Floors in Building 1
Number of units 2
Flooring type Concrete
Roof type Shingle, Composition
Listing Agency: Bear Real Estate Services
Listed By: Audrey Bear · License #516346-B
Added: Jul 18 Changed: Aug 15 Last Checked: Sep 5 at 12:06PM
MLS# 21175980

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 residential income property is a duplex, presenting two separate housing units within a single investment asset. The offering includes a total lot size of 0.403 acres and is positioned as a straightforward option for buyers seeking a small multi-family structure.

Located at 1704 E 3rd Street in Lampasas, Texas 76550, the property benefits from a residential setting and direct street access. As a duplex in Lampasas within Lampasas County, it may appeal to investors looking to diversify beyond single-family holdings while keeping the investment scale manageable.

For potential buyers, this duplex can fit a range of residential income strategies, including owner-occupancy with rental income or a traditional buy-and-hold approach. Its small footprint may be attractive to operators who want a multi-family asset without transitioning into a larger, more complex portfolio. Buyers and tenant/broker prospects should review the unit mix and confirm current or prospective rent potential during due diligence.

Key Highlights

  • New construction home built in 2025
  • Electric heating with electric cooling and ceiling fan(s)
  • Window unit(s) cooling included

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Pharmacy 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.

Location Intelligence

Trade Area within ½ mile

114
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?
Duplex - Duplex for sale in Lampasas, offering an income-focused residential investment opportunity.
Where is this duplex located?
The property is located at 1704 E 3rd Street 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: New construction home built in 2025; Electric heating with electric cooling and ceiling fan(s); Window unit(s) cooling included
More about this property
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