About 930 Highway 261
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.
Features of 930 Highway 261
| MLS® # | 174585 |
|---|---|
| Price | $1,495,000 |
| Bathrooms | 0.00 |
| Square Footage | 11,155 |
| Acres | 2.33 |
| Year Built | 1960 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 930 Highway 261 |
|---|---|
| City | Buchanan Dam |
| County | Llano |
| State | TX |
| Zip Code | 78609 |
Amenities
| Parking | Asphalt |
|---|---|
| Has Pool | No |
Interior
| Heating | Central, Wall Furnace |
|---|---|
| Cooling | Central Air, Wall/Window Unit(s) |
| Fireplace | No |
| Has Basement | No |
Exterior
| Roof | Metal |
|---|---|
| Construction | Other, Synthetic Stucco |
| Foundation | Slab |
Waterfront Information
| Is Waterfront | No |
|---|---|
| Waterfront | No |
Additional Information
| Date Listed | August 6th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Jason James |
|---|---|
| Office | Jesse James Real Estate |