930 Ranch Road 261, Buchanan Dam, TX

$1,495,000

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2.33

Acres

About 930 Ranch Road 261

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.

Features of 930 Ranch Road 261

MLS® # 4339210
Price $1,495,000
Bathrooms 0.00
Acres 2.33
Year Built 1960
Type Commercial Sale
Sub-Type Apartment
Status Active

Community Information

Address 930 Ranch Road 261
Area LL
Subdivision None
City Buchanan Dam
County Llano
State TX
Zip Code 78609

Amenities

Utilities Electricity Connected, Propane, Sewer Connected, Water Connected
Parking Asphalt
View Lake
Is Waterfront No
Has Pool No

Interior

Interior Tile, Vinyl
Heating See Remarks
Fireplace No
Master On Main No

Exterior

Construction Stucco
Foundation Slab

Additional Information

Date Listed August 11th, 2025
Days on Market 76
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeJesse James Real Estate
Contact Info(512) 793-2851

Listing Map

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