304 Walnut, Lampasas, TX 76550 | Col Realty  <div id="share-modal" class="share-modal-overlay" onclick="if(event.target===this)closeShare()"> <div class="share-modal-box"> <button class="share-modal-close" onclick="closeShare()">×</button> <h3 class="share-modal-title">Share this home</h3> <p id="share-modal-address" class="share-modal-address"></p> <div class="share-options"> <button class="share-opt" onclick="shareVia('copy')"><span class="share-opt-icon">🔗</span><span>Copy link</span></button> <button class="share-opt" onclick="shareVia('email')"><span class="share-opt-icon">✉️</span><span>Email</span></button> <button class="share-opt" onclick="shareVia('text')"><span class="share-opt-icon">💬</span><span>Text</span></button> <button class="share-opt" onclick="shareVia('facebook')"><span class="share-opt-icon" style="background:#1877f2;color:#fff;border-radius:50%;font-weight:700;font-size:16px;">f</span><span>Facebook</span></button> <button class="share-opt" onclick="shareVia('twitter')"><span class="share-opt-icon" style="background:#000;color:#fff;border-radius:50%;font-size:14px;font-weight:700;">𝕏</span><span>X / Twitter</span></button> <button class="share-opt" onclick="shareVia('whatsapp')"><span class="share-opt-icon">📱</span><span>WhatsApp</span></button> </div> <div id="share-copy-confirm" class="share-copy-confirm" style="display:none;">✅ Link copied to clipboard!</div> </div> </div> <script> const IS_AUTHENTICATED = false; // ── Favorites ────────────────────────────────────────────────────── function handleFavorite(btn, listingId) { if (!IS_AUTHENTICATED) { const modal = document.getElementById('login-modal'); if (modal) modal.style.display = 'flex'; return; } fetch('/accounts/favorite/' + listingId + '/', { method: 'POST', headers: { 'X-CSRFToken': 'ltSipdpJRw7Xqp5NwMAbn50bKfOMTEFFa5lawZ9HJRsKy4HIwB2vbgoCcHG5IjLc', 'Content-Type': 'application/json' } }) .then(r => r.json()) .then(data => { const saved = data.status === 'added'; btn.classList.toggle('saved', saved); const svg = btn.querySelector('svg'); svg.setAttribute('fill', saved ? 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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.

Contact Agent

Col Realty

(512) 699-3810

📞 Call 💬 Text ✉️ Email

Property Details

Status	Active
MLS #	ACT229046777
Taxes	$3,668 (2025) / year
Type	Residential Income
Year Built	1950
Lot Size	0.21 AC / 8,969 SF
County	Lampasas
Subdivision	L S C 1st

Property Information

Exterior

None

Appliances

DishwasherElectric RangeRefrigerator

Community

None

Parking

Alley AccessAttached

Utilities & Construction

Heat: Central, Electric, Varies by UnitAC: Central Air, Varies by Unit, Wall/Window Unit(s)Vinyl, WoodRoof: ShingleFoundation: Pillar/Post/Pier, Slab

Directions: From Key AVE heading North, turn left onto W Third St. Travel 350ft and take a right onto S Walnut Street. In 200 ft property will be on your left.