Multi-Unit Investment Opportunity in
For Sale
$1,360,000
251 Zimmerman Ave A, Bastrop, TX 78602
Multiple units for sale in Bastrop, Texas.
Property Size6,704 SF
Price / SF$202.86
Days on Market327
Property Features for 251 Zimmerman Ave A
General Information
Standard status
Active
Size
6,704 SF
Building Details
Year Built
2004
Listing Agency:
Heart of the Pines Real Estate
Listed By:
Laura Munos · License #0655390
(512) 705-0420
Source:
Texasrealtygroup
Added: Nov 27, 2025
Changed: Oct 2
Last Checked: Oct 6 at 12:23AM
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 Heart of the Pines Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes a fourplex located at 251 Zimmerman and two duplexes located at 261 and 263 Zimmerman. The fourplex consists of four units, each with two bedrooms and one bathroom, and a living space of 576 square feet. Unit A and Unit C are currently vacant. Unit B is leased for $900 per month with a deposit of $1,225, and Unit D is leased for $1,075 per month with a deposit of $1,050. The duplexes each contain two units with three bedrooms, two bathrooms, and 1,100 square feet of living space. At 261 Zimmerman, Unit A is leased for $1,300 per month with a deposit of $1,300, and Unit B is leased for $1,155 per month with a deposit of $1,495. At 263 Zimmerman, Unit A is leased for $1,155 per month with a deposit of $1,545, and Unit B is leased for $1,155 per month with a deposit of $950. Rents include water and lawn service. The duplexes feature central air and heat, dishwashers, stoves, washer and dryer connections, and fenced backyard areas. The fourplex units are equipped with window units, stackable washer and dryers in some units, refrigerators, dishwashers, and stoves. The owner prefers to sell all properties together.
Key Highlights
- Multiple Units: Portfolio includes a 4‑plex and two duplexes.
- Income Potential: Currently generating rental income from multiple units.
- Duplex Features: Each duplex unit (1,100 sq ft) includes 3 bedrooms, 2 bathrooms, central air and heat, dishwasher, stove, W/D connections, and a fenced backyard.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,417
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,248,340
$2.2M
Cap Rate 7%
$1,605,957
$1.6M
Cap Rate 9%
$1,249,078
$1.2M
Market Conditions
NOI Build-Up for 6,704 SF
Gross rent
$168.9K $25.20/SF
− Vacancy
−$8.3K −$1.24/SF
EGI
$160.6K $23.96/SF
− OpEx
−$48.2K −$7.19/SF
NOI
$112.4K $16.77/SF
Area
Bastrop County, TX
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,248,340
Cap Rate 7%
$1,605,957
Cap Rate 9%
$1,249,078
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.87M
NOI $112,417 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,767 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$2.63M
$2.30M – $3.06M
NOI $183,895 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 78602, TX
33,759
Population
13,485
Households
2.5
Avg Household Size
40
Median Age
27%
College-Educated
87%
High-School Grad
195.3 sq mi
ZIP Area
173
Density / Sq Mi
$86,976
Median Household Income
$41,644
Median Earnings
$1,331
Median Rent
$310,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multiple units for sale in Bastrop, Texas.
Where is this multifamily property located?
The property is located at 251 Zimmerman Ave A Bastrop, TX.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: Multiple Units: Portfolio includes a 4‑plex and two duplexes.; Income Potential: Currently generating rental income from multiple units.; Duplex Features: Each duplex unit (1,100 sq ft) includes 3 bedrooms, 2 bathrooms, central air and heat, dishwasher, stove, W/D connections, and a fenced backyard.
