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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 Market82

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: Oct 25 Last Checked: Oct 28 at 10:48AM

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

Rey
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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

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

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
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