Triplex with Highway
613 Central Texas Expressway A B & C, Lampasas, TX 76550
For Sale
$550,000
Three residences include two larger layouts and a lower unit with a dedicated laundry room.
Property Size5,306 SF
Lot Size0.48 Acres
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
Building Details
Building Size
Year Built
Listing Agency:
Texas Real Estate Sales
Listed By:
Leah Caruthers · License TX #0561403
(512) 627-6670
Source:
Whitelabelrealty
Added: Nov 18, 2025
Changed: Nov 10
Last Checked: Nov 10 at 2:13PM
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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Investment Insights
Based on property information with market context.
Built in 1999, this three-unit property includes two residences with three bedrooms and two bathrooms each, plus a lower-level unit with four bedrooms, one bathroom, and a laundry room. Unit C measures 2,176 square feet. The property occupies a 0.48-acre parcel with a fenced backyard shaded by mature trees.
Highway 190 frontage places the property within walking distance of Walmart, HEB, and restaurants.
Highway 190 frontage places the property within walking distance of Walmart, HEB, and restaurants.
Key Highlights
- Three‑unit property on a 0.48‑acre lot
- Two units each have 3 bedrooms and 2 bathrooms
- Lower unit features 4 bedrooms, 1 bathroom, and 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.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
591
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences include two larger layouts and a lower unit with a dedicated laundry room.
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‑unit property on a 0.48‑acre lot; Two units each have 3 bedrooms and 2 bathrooms; Lower unit features 4 bedrooms, 1 bathroom, and a laundry room
