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3997 Fm 535

Red Rock, TX 78662

3 beds
2 baths
1,311 sqft
~1 acre lot
$304 per sqft
1945 build
– on site

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 courtesy of ABOR / Judah Ross / Venture Partners R.E.

Last checked: Checking… • Last updated Feb 21, 2025 •

MLS# 3806272 —

The Building

Year Built:

1945
New Construction:

false
Roof:

Shingle
Foundation:

Pillar/Post/Pier
Exterior Features:

See Remarks
Accessibility Features:

See Remarks
Patio And Porch Features:

Rear Porch
Window Features:

See Remarks
Levels:

One
Direction Faces:

North

Interior

Interior Features:

2 Primary Suites
Living:

2
Dining:

2
Flooring:

Vinyl
Laundry Location:

Main Level

Room Dimensions

Living Area:

1311
Living Area Source:

Public Records

Financial & Terms

Possession:

Funding
Restrictions:

None

Location

Latitude:

29.992895
Longitude:

-97.429618
Directions:

From 71, take Hwy 20 south to 535. Make a left on 535, proceed 0.8 miles, property will be on the right.

The Property

Property Type:

Residential
Subtype:

Single Family Residence
Parcel Number:

26606
Property Condition:

Resale
Other Structures:

Workshop
Lot Features:

Public MaineTained Road
Lot Size Acres:

1.447
Lot Size Area:

1 Sqft
Lot Size SqFt:

63,031 Sqft
SqFt Total:

912 Sqft
View:

Rural
Waterfront:

false
Waterfront Features:

None
Horse:

false
Additional Parcels:

false
Fencing:

Partial
FEMA Flood Plain:

No

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

$3,369.15

Beds

Bedrooms Total:

3
Main Level Bedrooms:

3

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

Standard
Listing Terms:

Cash
Occupant Type:

Tenant

Heating & Cooling

Heating:

Central
Cooling:

Central Air

Utilities

Utilities:

Electricity Connected
Sewer:

Septic Tank
Water Source:

Shared Well
Electric On Property:

true

Appliances

Appliances:

Oven

Schools

Elementary School:

Red Rock
Elementary School District:

Bastrop ISD
Middle School:

Cedar Creek
Middle School District:

Bastrop ISD
High School:

Cedar Creek
High School District:

Bastrop ISD

The Community

Subdivision Name:

Lentz, Jacob G
Community Features:

See Remarks
Pool Private:

false
Pool Features:

None

Parking

Parking Features:

RV Access/Parking
Garage:

false
Attached Garage:

false

Monthly cost estimate

Asking price

$399,000

Expense	Monthly cost
Mortgage	$2,136
Taxes	$280
Insurance	$109
Utilities	$185 See report
Total	$2,710/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

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Bike Score®

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Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
2/20/25 Feb 20, 2025	Listed / Active	ABOR	$399,000

House For Sale

$399,000

Cost Est.

$2,710/mo.

Listing provided by broker:

Judah Ross

Venture Partners R.E.

(512) 998-1957

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This house located in TX 78662 is currently for sale for $399,000. 3997 Fm 535 is a 1,311 square foot house with 3 beds and 2 baths that has been on Estately for 2 days. This house is in the attendance area of Red Rock Elementary School, Cedar Creek High School, Cedar Creek Middle School, and Cedar Creek Intermediate School.

Based on information from the Austin Board of REALTORS® and ACTRIS 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.