Incredible Investment Opportunity – Multi-Unit Property with 7.5% Cap Rate! Seize the chance to own a highly profitable, cash-flowing property in a prime location! Situated on 1.45 acres at 3997 FM 535 in Bastrop, this versatile investment offers multiple income streams and strong rental demand. Main Home – 912 sqft, market rent $1,500/month. Tiny Home – 399 sqft, currently renting for $1,100/month. RV Spot – $500/month rental income. With a total potential rental income of $3,100/month, this property delivers steady cash flow and a strong return on investment. Conveniently located on FM 535 near Hwy 20, it offers easy access to Bastrop, Austin, and surrounding areas, making it attractive for long-term tenants or short-term rental opportunities. Whether you're an investor looking for passive income or a buyer seeking multi-family potential, this property won’t last long. Don’t miss out – schedule a showing today!
Active
$399,000
3997 Fm 535, Red Rock, TX 78662
3beds
1,311sqft
Est.:
Single Family Residence
Built in 1945
1.45 Acres Lot
$-- Zestimate®
$304/sqft
$-- HOA
What's special
- 64 days
- on Zillow |
- 149 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: February 21, 2025 at 02:01am
Listed by:
Judah Ross (512) 998-1957,
Venture Partners R.E. (512) 940-3948
Source: Unlock MLS,MLS#: 3806272

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Features: Ceiling Fan(s)
- Level: Main
Primary bathroom
- Features: See Remarks
- Level: Main
Kitchen
- Features: Kitchn - Breakfast Area
- Level: Main
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Oven
Features
- 2 Primary Suites
- Flooring: Vinyl
- Windows: See Remarks
Interior area
- Total interior livable area: 1,311 sqft
Property
Parking
- Parking features: RV Access/Parking
Accessibility
- Accessibility features: See Remarks
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch
- Exterior features: See Remarks
- Pool features: None
- Fencing: Partial
- Has view: Yes
- View description: Rural
- Waterfront features: None
Lot
- Size: 1.45 Acres
- Features: Public Maintained Road
Details
- Additional structures: Workshop
- Parcel number: 26606
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Pillar/Post/Pier
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Septic Tank
- Water: Shared Well
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Features: See Remarks
- Subdivision: Lentz, Jacob G
HOA
- Has HOA: No
Location
- Region: Red Rock
Financial & listing details
- Price per square foot: $304/sqft
- Tax assessed value: $217,339
- Annual tax amount: $3,369
- Date on market: 2/20/2025
- Listing terms: Cash,Contract,FHA,USDA Loan,VA Loan
- Electric utility on property: Yes
- Loading
- Loading