Triplex Rental Property with
613 Central Texas Expressway #A B & C, Lampasas, TX 76550
Multi-Unit (2-4), Apartment - Lampasas, TX
Property size:
5,306 SFLot size:
0.48 AcresPrice / SF:
$103/SF- Added:
- Nov 20, 2025
- Days on Market:
- 204
- Last Refresh:
- Jun 12 at 10:06 am
Property Features for 613 Central Texas Expressway #A B & C
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 900
- Bedrooms
- 10
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bonus Room, Living Room
- Parking features
- Garage, Garage - Attached
- Appliances
- Dishwasher, Garbage Disposer, Refrigerator, Washer
- Standard status
- Active
- APN
- 8167
- Size
- 5,306 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3634
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1999
- Year renovated
- 1999
- Floors in Building
- 2
- Flooring type
- Laminate, Tile
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Leah Caruthers (512) 627-6670
Listing office Texas Real Estate Sales 1902 S HIGHWAY 281 STE A 1902, LAMPASAS, TX (512) 627-6670
Listing date Nov 20, 2025
MLS# 11609568
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1999‑built brick triplex with three total units (Unit C top unit is 2,176 SF; measurements noted as for Unit C).
- Two larger units feature 3 bedrooms and 2 bathrooms each, each at 2,176 SF (measurements stated for Unit C).
- Smaller lower unit offers 4 bedrooms and 1 bathroom with a laundry room and just under 1,000 SF.
- Highway 190 frontage on a 0.48‑acre lot with a large, tree‑covered, fenced backyard.
- Central air and forced‑air natural gas heating; no carpet noted and flooring includes laminate and tile.
- Attached garage parking; appliances include dishwasher, garbage disposer, refrigerator, and washer.
Overview
This triplex rental property includes three total units. Two larger units feature three bedrooms and two bathrooms each, with measurements provided for Unit C (top unit). The third unit is a smaller lower unit with four bedrooms and one bathroom, along with a laundry room. The interior is noted as carpet-free with fresh paint, supporting move-in readiness and straightforward tenant upkeep. The property also includes a large, tree-covered fenced backyard.
The asset sits on a 0.48-acre lot with Highway 190 frontage. It is described as being within walking distance to major retail and dining, including Walmart, HEB, and restaurants, which can be convenient for day-to-day tenant needs.
As an income-producing residential option with multiple configurations, the layout may suit investors or owner-occupants seeking to live in one unit while renting the others. With three-bedroom and four-bedroom arrangements across the units, it also offers flexibility for tenant household needs, while the shared exterior provides a consistent outdoor amenity.
The asset sits on a 0.48-acre lot with Highway 190 frontage. It is described as being within walking distance to major retail and dining, including Walmart, HEB, and restaurants, which can be convenient for day-to-day tenant needs.
As an income-producing residential option with multiple configurations, the layout may suit investors or owner-occupants seeking to live in one unit while renting the others. With three-bedroom and four-bedroom arrangements across the units, it also offers flexibility for tenant household needs, while the shared exterior provides a consistent outdoor amenity.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.0k | $13.20 |
| − Vacancy | −$4.5k | −$0.85 |
| EGI | $65.5k | $12.35 |
| − OpEx | −$19.7k | −$3.70 |
| NOI | $45.9k | $8.64 |
5,306 SF · lease $13.20/SF/yr · vacancy 6.46% · expense 30.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Map
- City
- Lampasas
- County
- Lampasas
- State
- Texas
- Longitude
- -98.172248
- Latitude
- 31.05789
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained three-unit triplex offers fresh interior updates and fenced, tree-covered outdoor space for tenants.
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: 1999‑built brick triplex with three total units (Unit C top unit is 2,176 SF; measurements noted as for Unit C).; Two larger units feature 3 bedrooms and 2 bathrooms each, each at 2,176 SF (measurements stated for Unit C).; Smaller lower unit offers 4 bedrooms and 1 bathroom with a laundry room and just under 1,000 SF.
