Date
Details
Price
Change
Source
8/11/2025
Listed
$1,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/21
$1,495,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/21
Property Description
Exceptional opportunity in a rapidly growing Central Texas market. This 11,000+ sq ft multifamily property sits on 2.33 acres with elevated views of Lake Buchanan's main body-making it a rare lake-adjacent investment with long-term upside. Currently configured as 12 apartment units with 92% occupancy, this asset offers immediate cash flow with room to increase rents and NOI through full stabilization. Recent capital improvements include newer metal roofs, stucco exterior, and interior renovations, minimizing deferred maintenance and supporting operational efficiency. Additional onsite amenities: covered common area, tenant laundry, and storage. Conveniently located near Highways 1431 and 29 - 20 mins to Burnet, Llano, and Marble Falls, and just 90 minutes to Austin or San Antonio. Free public lake access and boat ramp just 2 miles away enhance tenant appeal. P&L available for qualified buyers. Showings by appointment only.
Full Property Details
Full Property Details for 930 Hwy 261
General
- Price: $1,495,000
- Taxes: $5,000
- Status: Active
- Type: Commercial
- Source: 1210
- MLS ID: 98447
- Updated: 12/5/2025
- Added to Site: 214 day(s) ago
Parking
- Parking: Asphalt
Location
- County: Llano
- Subdivision: N/A
School Information
- School District: Burnet ISD
Heating & Cooling
- Heating Type: Electric, Central
Utilities
- Utility Description: Water Connected, Private Well on Property, Septic System on Property, CTEC Electric
Structural Information
- Architectural Style: Multi-Family, Rural Commercial, Commercial
- Construction: Stucco
- Roof: Metal
- Square Feet: Other
- Sq. Ft. Source: Appr Dist
Lot Features
- Lot Size (Acres): 2.33
- Topography: Sloped, Views
- Zoning: None
- Fencing (Description): Partial
Financial Considerations
- Tax Amount: $5,000
Listed by Jesse James Real Estate (325) 423-4415
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Or call us at (800) 531-7667
Listing agent
— 930 Hwy 261 —
Jesse James Real Estate
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 930 Hwy 261
School District:Llano Independent School District
| Name | Grades | Distance |
|---|---|---|
Llano High School 2509 Texas 16, Llano, TX 78643 | 9-12 | 13.9 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 930 Hwy 261
Estimate the Cost
Estimate the Cost for 930 Hwy 261
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Multi-Family
- Active
- Updated 22 hours ago
- 4Units
- 7Total Beds
- Single Family
- Active
- Updated 22 hours ago
- 1Bed
- 1Total Bath
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
930 Hwy 261, Llano, TX 78609 (MLS# 98447) is a Commercial property. 930 Hwy 261 is currently listed for $1,495,000 and was received on August 11, 2025. Want to learn more about 930 Hwy 261? Do you have questions about finding other Commercial real estate for sale in Llano? You can browse all Llano real estate or contact a Coldwell Banker agent to request more information.