930 Ranch Road 261, Buchanan Dam, TX 78609 (MLS # 4339210)
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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.
| LAST UPDATED | 8/11/2025 | TRACT | None |
|---|---|---|---|
| YEAR BUILT | 1960 | COMMUNITY | None |
| COUNTY | Llano | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Other |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | LL |
| CONSTRUCTION | Stucco |
| HEAT | See Remarks |
| INTERIOR | Appliances, Sign - Freestanding, Storage Area(s), Washer/Dryer Connections |
| LOT | 2.33 acre(s) |
| PARKING | Asphalt |
| SEWER | Engineered Septic |
| SUBDIVISION | None |
| TAXES | 5000 |
| UTILITIES | Electricity Connected, Propane, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake |
| WATER | Private, Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Property listed by Jason James, Jesse James Real Estate
Based on information from the Austin Board of REALTORS ® (alternatively, from ACTRIS) for the period through 11/16/25 7:06 PM PST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.