3997 Fm 535 Red Rock, TX 78662
Estimated payment $2,301/month
Total Views
36,150
3
Beds
2
Baths
1,311
Sq Ft
$289
Price per Sq Ft
Highlights
- RV Access or Parking
- Rural View
- Breakfast Area or Nook
- Two Primary Bedrooms
- No HOA
- Separate Outdoor Workshop
About This Home
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!
Listing Agent
Venture Partners R.E. Brokerage Phone: (512) 998-1957 License #0768074 Listed on: 02/20/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,369
Year Built
- Built in 1945
Lot Details
- 1.45 Acre Lot
- North Facing Home
- Partially Fenced Property
Home Design
- Pillar, Post or Pier Foundation
- Shingle Roof
- HardiePlank Type
Interior Spaces
- 1,311 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Vinyl Flooring
- Rural Views
Kitchen
- Breakfast Area or Nook
- Oven
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Double Master Bedroom
- 2 Full Bathrooms
Parking
- 8 Parking Spaces
- RV Access or Parking
Eco-Friendly Details
- Sustainability products and practices used to construct the property include see remarks
Outdoor Features
- Separate Outdoor Workshop
- Rear Porch
Schools
- Red Rock Elementary School
- Cedar Creek Middle School
- Cedar Creek High School
Utilities
- Central Heating and Cooling System
- Shared Well
- Septic Tank
Community Details
- No Home Owners Association
- Lentz, Jacob G Subdivision
Listing and Financial Details
- Assessor Parcel Number 26606
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,369 | $232,868 | $138,232 | $94,636 |
| 2023 | $3,369 | $212,693 | $138,232 | $74,461 |
| 2022 | $3,893 | $223,700 | $138,232 | $85,468 |
| 2021 | $2,897 | $146,233 | $82,653 | $63,580 |
| 2020 | $2,712 | $132,864 | $61,736 | $71,128 |
| 2019 | $2,090 | $98,545 | $33,358 | $65,187 |
| 2018 | $1,534 | $72,342 | $28,458 | $51,947 |
| 2017 | $1,466 | $65,765 | $27,209 | $47,224 |
| 2016 | $1,333 | $59,786 | $24,735 | $35,051 |
| 2015 | $924 | $58,252 | $24,735 | $34,485 |
| 2014 | $924 | $52,956 | $18,471 | $34,485 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $379,000 | 0.0% | $289 / Sq Ft |
| 07/23/2025 07/23/25 | For Rent | $1,550 | 0.0% | -- |
| 02/20/2025 02/20/25 | For Sale | $399,000 | 0.0% | $304 / Sq Ft |
| 11/15/2019 11/15/19 | Rented | $1,050 | 0.0% | -- |
| 11/12/2019 11/12/19 | Under Contract | -- | -- | -- |
| 09/30/2019 09/30/19 | For Rent | $1,050 | -- | -- |
Source: Unlock MLS (Austin Board of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Austin Title Co | |
| Vendors Lien | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $62,000 | Seller Take Back |
Source: Public Records
About the Listing Agent
Judah's Other Listings
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 3806272
APN: 26606
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