Farmhouse & Livestock
For Sale
$740,000
763 Upper Elgin River Road, Elgin, TX 78621
CommercialSale, Elgin, TX
Property Size2,100 SF
Lot Size19.00 Acres
Price / SF$352.38
Days on Market138
Property Features for 763 Upper Elgin River Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Carport
Subdivision
Standifer, James
Lot features
Ten To Twenty Acres, Outside City Limits, Open Lot
Elementary school district
Elgin ISD
Middle school district
Elgin ISD
High school district
Elgin ISD
Directions
From downtown Elgin head west on E 2nd St toward N Main St. Turn left at the 1st cross street onto N Main St. Then turn right onto Central Ave. Continue onto Upper Elgin River Road for 3.5 miles & the property will be on your left.
Standard status
Active
APN
54481
Size
2,100 SF
Lot size
19.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
A60 STANDIFER, JAMES, ACRES 18.998
Tax Annual Amount
7040
Legal Description
A60 STANDIFER, JAMES, ACRES 18.998
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1940
Floors in Building
2
Listing Agency:
Land Unlimited
(512) 729-7139
Listed By:
Kaylee Sutton · License #0700093
(512) 470-4237
Added: Jun 4
Changed: Sep 30
Last Checked: Oct 19 at 6:06AM
MLS# 614570
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on nearly 19 unrestricted acres, this property includes a character-rich farmhouse with 4 bedrooms and 2 bathrooms. The layout places 2 bedrooms and 1 bathroom on the main level, with an additional 2 bedrooms and 1 bathroom upstairs. Mature trees, a large pond, and perimeter fencing are already in place, providing an immediate foundation for rural living and livestock use such as cattle or horses, subject to the property’s intended operation.
Located between Elgin and Bastrop, the property is described as less than 30 minutes from Austin, offering a balance of country privacy and access to nearby amenities. The remarks note there are no restrictions and no floodplain, supporting flexibility in how the land and existing home can be utilized.
For buyers looking for a rural retreat with room to grow, the existing farmhouse offers a primary residence while the surrounding acreage supports expanded plans such as multi-generational living or a hobby farm setup. With no restrictions and fencing already established, the property may also fit buyers seeking a self-directed homestead-style use or additional on-site improvements, guided by their own vision for the site.
Located between Elgin and Bastrop, the property is described as less than 30 minutes from Austin, offering a balance of country privacy and access to nearby amenities. The remarks note there are no restrictions and no floodplain, supporting flexibility in how the land and existing home can be utilized.
For buyers looking for a rural retreat with room to grow, the existing farmhouse offers a primary residence while the surrounding acreage supports expanded plans such as multi-generational living or a hobby farm setup. With no restrictions and fencing already established, the property may also fit buyers seeking a self-directed homestead-style use or additional on-site improvements, guided by their own vision for the site.
Key Highlights
- Farmhouse built in 1940 with central heating and central air
- 4 bedrooms and 2 bathrooms; 2 beds/1 bath downstairs and 2 beds/1 bath upstairs
- Just under 19 unrestricted acres with mature trees, a large pond, and perimeter fencing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,191
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,820
$643.8K
Cap Rate 7%
$459,871
$459.9K
Cap Rate 9%
$357,678
$357.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$61.7K $29.40/SF
− Vacancy
−$3.2K −$1.53/SF
EGI
$58.5K $27.87/SF
− OpEx
−$26.3K −$12.54/SF
NOI
$32.2K $15.33/SF
Area
Bastrop County, TX
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,820
Cap Rate 7%
$459,871
Cap Rate 9%
$357,678
Alternative Uses
Best Use
Apartment 5plus
$459.9K
$402.4K – $536.5K
NOI $32,191 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$822.9K
$720.1K – $960.1K
NOI $57,604 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 78621, TX
27,275
Population
10,671
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
81%
High-School Grad
177.7 sq mi
ZIP Area
153
Density / Sq Mi
$88,246
Median Household Income
$48,955
Median Earnings
$1,317
Median Rent
$262,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - Farmhouse on unrestricted acreage with a pond and perimeter fencing suited for livestock, plus space for additional uses.
Where is this agricultural land / farmland located?
The property is located at 763 Upper Elgin River Road Elgin, TX.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Farmhouse built in 1940 with central heating and central air; 4 bedrooms and 2 bathrooms; 2 beds/1 bath downstairs and 2 beds/1 bath upstairs; Just under 19 unrestricted acres with mature trees, a large pond, and perimeter fencing
