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$299,500
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Property Description
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.
Full Property Details
Full Property Details for 1301 Taylor St
General
- Price: $299,500
- Taxes: (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 5790808
- Updated: 5/26/2026
- Added to Site: 8 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Double Vanity, Storage, Soaking Tub, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Decorative, Primary Bedroom
- Appliances: Dishwasher, Free-Standing Gas Range, Refrigerator, Range Hood
- Flooring: Linoleum, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Other Rooms
- Laundry: Main Level, Laundry Room, In Unit, Washer Hookup, Electric Dryer Hookup
Additional Information
- Shared Amenities: None
- Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior
- Exterior Features: Exterior Steps
- Porch/Patio/Deck: Front Porch
Parking
- Total Spaces: 2
- Parking Features: Concrete, Shared Driveway
Location
- Area: LP
- County: Lampasas
- Subdivision: John Burleson
- Driving Directions: In Lampasas, on E 4th St, next to Petal Peddlers Florist, the side of this house is on E 4th St, across from Old Georgetown Rd.
- Direction Faces: East
School Information
- Elem School District: Lampasas ISD
- Midd School District: Lampasas ISD
- High School District: Lampasas ISD
- Elementary School: Hanna Springs
- Middle School: Lampasas
- High School: Lampasas
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Ceiling, Central, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Block, Wood Siding
- Roof: Composition, Shingle
- Windows: Wood Frames
- Stories/Levels: 1
- Square Feet: 1,756
- Sq. Ft. Source: Public Records
- Living Area: 1,756 Sq. Ft.
- Year Built: 1926
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Garage Apartment, Living Quarters, Second Residence
Lot Features
- Property View: City, Garden, Neighborhood
- Lot Size (Acres): 0.567
- Lot Size (Sq. Ft.): 24,698.52
- Fence: Yes
- Lot Features: Corner Lot, Gentle Sloping, Native Plants, Trees Medium Size
- Fencing (Description): Back Yard, Chain Link, Fenced
Financial Considerations
- Assessment Amount: $240,890
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: ACR: .567 ABST: 0042 SURV: JOHN BURLESON
- Disclosures/Reports: Lead Based Paint Disclosure, Municipal Utility District Disclosure, Seller Disclosure
- Property ID: 8231
- Block: see agent
- Lot Number: see agent
Listed by Harrell & Assoc. Real Estate
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Schools
Schools serving 1301 Taylor St
School District:Lampasas Independent School District
| Name | Grades | Distance |
|---|---|---|
Hanna Springs Elementary School 604 East Avenue F, Lampasas, TX 76550 | PK-5 | 0.9 mi |
Lampasas Middle School 902 South Broad Street, Lampasas, TX 76550 | 6-8 | 1 mi |
Lampasas High School 2716 S Hwy 281, Lampasas, TX 76550 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1301 Taylor St
Date
Details
Price
Change
Source
5/19/2026
Listed
$299,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1301 Taylor St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,565
-16%
$240,890
—
2022
$5,420
—
$240,890
-17%
2022
$5,420
—
$290,190
12%
2022
$5,420
26%
$258,110
34%
2021
$4,317
23%
$192,510
32%
2020
$3,524
2%
$145,480
3%
2019
$3,454
1%
$141,770
4%
2018
$3,430
23%
$135,950
23%
2017
$2,791
3%
$110,640
1%
2016
$2,720
—
$109,070
—
2015
$2,709
12%
$109,070
4%
2013
$2,419
11%
$105,060
8%
2012
$2,181
—
$96,990
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1301 Taylor St
1301 Taylor St, Lampasas, TX 76550 (MLS# 5790808) is a Single Family property with 3 bedrooms and 2 full bathrooms. 1301 Taylor St is currently listed for $299,500 and was received on May 19, 2026. Want to learn more about 1301 Taylor St? Do you have questions about finding other Single Family real estate for sale in Lampasas? You can browse all Lampasas real estate or contact a Coldwell Banker agent to request more information.

