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$192,500

1112 W 1st St, Lampasas, TX, 76550

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,032 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$186.53 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesGas Water Heater, Some Electric Appliances, Range
FlooringCarpet, Combination

Exterior

Exterior FeaturesPorch, Storage
Lot Size10,237 sqft

Building Information

Year Built1940

Land Information

APN2927
Land UseResidential
Legal DescriptionLOT: TR 7 S 1/2 OL8 BLK: ADDN: ERVIN WILLIAMS LOCCD:94
Census Tract950500
Assessed Land Value$21,500
Assessed Improvement Value$137,890
Assessment Year2025

About this property

UNDER $200K IN LAMPASAS — Flex ROOM + POWERED WORKSHOP + NO HOA! Welcome to 1112 W 1st St in Lampasas, a 2-bedroom, 2-bath home with a versatile flex room and closet—perfect for a home office, game room, craft room, workout space, or additional flex space. Inside, you’ll find an updated kitchen with custom cabinetry and Taj Mahal quartzite countertops, marble bathroom countertops, fresh interior paint, new carpet in the living room, secondary bedroom, and flex room, plus a new water heater installed May 2026. Outside, the property really stands out with a 12’ x 24’ workshop with metal roll up door & electricity, a 10’ x 12’ storage shed, fenced backyard, mature trees, and NO HOA—giving you plenty of room for tools, hobbies, projects, storage, and outdoor living. And the location adds even more appeal. You’re close to historic downtown Lampasas, local shops and dining, Hancock Springs Park and its spring-fed pool, Hancock Park Golf Course, Cooper Spring Nature Park, W.M. Brook Park, Hanna Springs Sculpture Garden, and Texas Legato Winery—all part of the charm and outdoor lifestyle Lampasas is known for. With flexible living space, valuable updates, two outbuildings, and a price under $200,000, this property offers a lot of opportunity in one of Lampasas’ most convenient locations. Come see what 1112 W 1st St has to offer! All measurements and room sizes are approximate. Buyer and buyer’s agent to independently verify all information and perform due diligence as needed

Investor Tools

$198,505Estimated Mortgage Balance
$170,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,155 /month
Positive
Cash Flow Estimate:
$385 /month

Interested in this property?

Jannie Aguirre

Always Here Properties, Llc

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$204/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,595
$159,390
2025
$21,500
$137,890
$159,390
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,595
$159,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Texas Bank
Stand Alone First / Home Equity First Lien
$25,623
No
First
May 7, 2007
Apr 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,505
N/A
0%
117%
$1,301/mo

City: Lampasas