Four-Cabin Multifamily
New
For Sale
$125,000
301 E Cedar Street #A, Lometa, TX 76853
Each rental cabin combines a kitchen-living area, bedroom, full bath, refrigerator, range, and mini-split heating and cooling.
Property Size450 SF
Price / SF$277.78
Days on Market1
Property Features for 301 E Cedar Street #A
General Information
Standard status
Active
Size
450 SF
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Amenities
Ceiling Fan(s)
Building Details
Building Size
450 SF
Year Built
2014
Listing Agency:
Hoyt Real Estate
(325) 205-0601
Listed By:
Deryl Hoyt · License #0523929
Source:
Bluebonnetrealty
Added: Nov 4
Last Checked: Nov 4 at 2:26AM
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 Hoyt Real Estate
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Investment Insights
Based on property information with market context.
The property contains four rental cabins of approximately 450 square feet each. Each cabin has two main rooms: a kitchen and living area, plus a bedroom with a full bathroom. Refrigerators and ranges are included, and all-electric mini-split systems provide heating and cooling. One cabin has received recent updates, and all four units are currently rented.
Located near the center of Lometa and close to the school, the property also has room for additional units. The landlord handles water, sewer, garbage collection, and lawn care.
Located near the center of Lometa and close to the school, the property also has room for additional units. The landlord handles water, sewer, garbage collection, and lawn care.
Key Highlights
- Four cabins, approximately 450 square feet each
- All four cabins are currently rented
- Each unit has a kitchen‑living area, bedroom, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,598
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$71,960
$72.0K
Cap Rate 7%
$51,400
$51.4K
Cap Rate 9%
$39,978
$40.0K
Market Conditions
NOI Build-Up for 450 SF
Gross rent
$7.0K $15.60/SF
− Vacancy
−$477 −$1.06/SF
EGI
$6.5K $14.54/SF
− OpEx
−$2.9K −$6.54/SF
NOI
$3.6K $8.00/SF
Area
Lampasas County, TX
Vacancy
6.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$71,960
Cap Rate 7%
$51,400
Cap Rate 9%
$39,978
Alternative Uses
Best Use
Apartment 5plus
$51.4K
$45.0K – $60.0K
NOI $3,598 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$108.1K
$94.6K – $126.1K
NOI $7,566 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 76853, TX
1,543
Population
774
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
85%
High-School Grad
282.4 sq mi
ZIP Area
5
Density / Sq Mi
$64,750
Median Household Income
$36,712
Median Earnings
$663
Median Rent
$247,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each rental cabin combines a kitchen-living area, bedroom, full bath, refrigerator, range, and mini-split heating and cooling.
Where is this multifamily property located?
The property is located at 301 E Cedar Street #A Lometa, TX.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Four cabins, approximately 450 square feet each; All four cabins are currently rented; Each unit has a kitchen‑living area, bedroom, and full bath
