Farmhouse & Livestock
763 Upper Elgin River Road Elgin, TX 78621
763 Upper Elgin River Road, Elgin, TX, 78621
$800,000
For Sale
$800,000
COMMERCIAL - Elgin, TX
Property Size2,100 SF
Lot Size19.00 Acres
Price / SF$380.95
Days on Market47
Property Features for 763 Upper Elgin River Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Carport
- 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
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
115A N Commerce St, Lockhart, TX
Listed by
Kaylee Sutton · License #0700093
(512) 470-4237
Added: Jun 4 Updated: Jun 17 at 10:32 am Checked: Jul 20 at 2:06 pm
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.
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
Local Financial Insights For Apartment 5plus
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 | $61.7k | $29.40 |
| − Vacancy | −$3.2k | −$1.53 |
| EGI | $58.5k | $27.87 |
| − OpEx | −$26.3k | −$12.54 |
| NOI | $32.2k | $15.33 |
2,100 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$459.9K
$402.4K – $536.5K
NOI $32,191 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$822.9K
$720.1K – $960.1K
NOI $57,604 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Farmhouse on unrestricted acreage with a pond and perimeter fencing suited for livestock, plus space for additional uses.
Where is this single family property 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 $800,000.
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
