3997 Fm 535, Red Rock, TX 78662

Local realty services provided by:ERA Brokers Consolidated
Listed by: judah ross
Office: venture partners r.e.
MLS#:3806272
Source:ACTRIS
3997 Fm 535,Red Rock, TX 78662
$349,000
  • 3 Beds
  • 2 Baths
  • 1,311 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$349,000
  • Price per sq. ft.:$266.21

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!

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Home facts

  • Year built:1945
  • Listing ID #:3806272
  • Updated:November 20, 2025 at 04:37 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,311 sq. ft.

Heating and cooling

  • Cooling:Central
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1945
  • Building area:1,311 sq. ft.

Schools

  • High school:Cedar Creek
  • Elementary school:Red Rock

Utilities

  • Water:Shared Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$349,000
  • Price per sq. ft.:$266.21
  • Tax amount:$3,369 (2024)
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