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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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304 S Walnut St A, B, & C , Lampasas, TX 76550
$315,000
Est. Payment: $1,581.89/mo
6 Bed
4 Bath
3500 Sqft
Status: active | Days on site: 49
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Jeannette Spinelli
Broker Associate & Founder
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House Description

Excellent investment opportunity in the heart of Lampasas. This tenant-occupied multi-unit residential property offers immediate income potential with three well-positioned rental units in a convenient location close to shopping, restaurants, schools, and everyday amenities. The property features a duplex with each side offering approximately 1,200 square feet, 2 bedrooms, and 1 full bath. In addition, a separate two-story unit was fully renovated in 2023 and includes approximately 1,100 square feet with 2 bedrooms, 1 full bath, and 1 half bath. All units are currently tenant occupied, providing a turnkey opportunity for investors seeking steady rental income. Conveniently located with easy access to downtown Lampasas, this property offers strong long-term investment potential in a growing Central Texas market. Whether you are looking to expand your rental portfolio or secure a multi-unit income-producing property, this is an opportunity worth exploring.
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Highlights

Listed by Jim Banks , (254) 630-6380 Shipley Ranches , (325) 998-4548. Austin MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.21

Year Built

1950

County

Lampasas

Area

LP

 Neighborhood

L S C 1st

 School District

Lampasas ISD

Listing ID

2455130

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:
Appliances:Dishwasher, Electric Range, Refrigerator
Floor:Vinyl,Wood
Other:Public

Exterior Features

Lot:Alley,Few Trees
Roof:Shingle
Others:Resale
Sewer:Public Sewer
Parking Features:Alley Access,Attached
Principal Interest
$1,582
Taxes
$306

Home Price

$315,000

Loan Details

30 yrs
6.434%

Down Payment

20%
$63,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,581.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,581.89 $305.68 $0.00 $1,887.57
Yearly $18,982.67 $3,668.16 $0.00 $22,650.83
Total $569,480.09 $110,044.80 $0.00 $679,524.89

Today's Rates

30 Year

6.43%

20 Year

6.23%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Lampasas, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Spinelli Residential Group | KW - Austin Portfolio Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Austin MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-07-17T15:20:32.000Z

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