3997 Fm 535, Red Rock, TX 78662

Local realty services provided by:ERA Colonial Real Estate
Listed by:judah ross
Office:venture partners r.e.
MLS#:3806272
Source:ACTRIS
3997 Fm 535,Red Rock, TX 78662
$355,000
  • 3 Beds
  • 2 Baths
  • 1,311 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$355,000
  • Price per sq. ft.:$270.79

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!

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1945
  • Listing ID #:3806272
  • Updated:October 03, 2025 at 03:26 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:$355,000
  • Price per sq. ft.:$270.79
  • Tax amount:$3,369 (2024)
Based on information from the Austin Board of REALTORS®. 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.

New listings near 3997 Fm 535