1301 Taylor St, Lampasas TX 76550

One of the most compelling opportunities in Lampasas, this 1930s character home combines classic craftsmanship with serious INCOME potential. Set on a generous 0.57- acre lot, this property offers two residences. The main home features 3 bedrooms, 2 baths, and 1,756 sq ft of inviting living space with hardwood floors, tile accents, and the kind of solid construction that simply isn’t found in newer builds. Updated for modern comfort with forced-air gas heating, washer/dryer hookups, side-by-side refrigerator, and dishwasher included.
The garage apartment is the income-producing gem of this property. Completely remodeled in 2018, this bright 1-bedroom, 1-bath unit offers approximately 500 sq ft of thoughtfully finished living space with its own washer/dryer hookups — the kind of turnkey setup that attracts quality, long-term tenants. Currently tenant-occupied and generating $775/month — $9,300 annually — this unit delivers immediate cash flow from day one, with room to grow as the Lampasas rental market continues to strengthen.
The Opportunity -
Live in the main home and utilize the garage apartment to offset your mortgage. Two properties on one lot are rare in this market.
Offered at $299,500 as-is, this property is priced to reflect its condition and presents a wonderful opportunity for a buyer ready to add their personal touch while enjoying immediate rental income from the additional dwelling.