Triplex with Fenced
613 Central Texas Expressway #A B & C, Lampasas, TX 76550
For Sale
$550,000
Three separate residences offer a mix of three- and four-bedroom layouts, with a fenced backyard shared across the property.
Property Size5,306 SF
Lot Size0.48 Acres
Price / SF$103.66
Days on Market358
Property Features for 613 Central Texas Expressway #A B & C
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
fenced backyard
Carbon Monoxide Detector
Multiple Living Areas
Multiple Closets
Tub Shower
Granite Counters
Balcony
Porch
Storage
Building Details
Building Size
Year Built
Stories
Listing Agency:
Texas Real Estate Sales
(512) 556-9090
Listed By:
Leah Caruthers · License TX #0561403
(512) 627-6670
Source:
Harkerheightsproperties
Added: Nov 18, 2025
Changed: Nov 10
Last Checked: Nov 10 at 2:09PM
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 Texas Real Estate Sales
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1999, this three-unit residential property combines two three-bedroom, two-bathroom homes with a lower-level four-bedroom, one-bathroom unit. The smaller residence includes a laundry room. Interior features include hard-surface flooring throughout and fresh paint. A fenced backyard with mature tree cover serves the property, which occupies a 0.48-acre lot.
Highway 190 frontage connects the site with nearby retail and dining; Walmart, HEB and restaurants are within walking distance.
Highway 190 frontage connects the site with nearby retail and dining; Walmart, HEB and restaurants are within walking distance.
Key Highlights
- Three units: two three‑bedroom, two‑bathroom residences and one four‑bedroom, one‑bathroom residence
- 0.48‑acre lot with Highway 190 frontage
- Lower‑level residence includes a laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,860
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,200
$917.2K
Cap Rate 7%
$655,143
$655.1K
Cap Rate 9%
$509,556
$509.6K
Market Conditions
NOI Build-Up for 5,306 SF
Gross rent
$70.0K $13.20/SF
− Vacancy
−$4.5K −$0.85/SF
EGI
$65.5K $12.35/SF
− OpEx
−$19.7K −$3.70/SF
NOI
$45.9K $8.64/SF
Area
Lampasas County, TX
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,200
Cap Rate 7%
$655,143
Cap Rate 9%
$509,556
Alternative Uses
Best Use
Multifamily LT 5
$655.1K
$573.3K – $764.3K
NOI $45,860 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$606.1K
$530.4K – $707.2K
NOI $42,430 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$1.27M
$1.12M – $1.49M
NOI $89,212 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
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
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences offer a mix of three- and four-bedroom layouts, with a fenced backyard shared across the property.
Where is this triplex located?
The property is located at 613 Central Texas Expressway #A B & C Lampasas, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three units: two three‑bedroom, two‑bathroom residences and one four‑bedroom, one‑bathroom residence; 0.48‑acre lot with Highway 190 frontage; Lower‑level residence includes a laundry room
