
Status: Active
503 E Avenue G
Lampasas, TX 76550
$282,500
------/mo*
CalculateDual Living Potential – Includes Adjoining Parcel!
Don’t miss this unique opportunity to own a fully functional and versatile property with two homes perfect for multigenerational living, Airbnb, or Bed & Breakfast use! This charming home includes the adjoining parcel (MLS 591263), bringing the total lot size to 0.48 acres.
**Main Home Features:
• 4 spacious bedrooms & 1 full bathroom
• Large kitchen & dining area — perfect for family gatherings
• Separate laundry room with washer/dryer hookups
• Natural gas appliances for energy-efficient living
• Brand-new wood-style flooring throughout
• Plenty of front lawn space for RV or boat parking
**Breezeway & Secondary Living Space:
A breezeway connects the main home to a secondary building offering great flexibility:
• Lower level currently used as a utility/workshop/office space with washer/dryer connections — could be converted to additional living or entertaining space
• Upper level is a 1-bedroom apartment featuring:
• Full kitchen with eat-in dining
• Living room
• One full bathroom
• All-electric utilities
**Location Highlights:
• Directly across from a city park
• Just a short walk to Cooper Spring Nature Park
• Convenient and quiet location with strong potential for short-term rental income.
*****Whether you're looking for a personal residence with room for extended family, or a turn-key investment with income potential, this property offers endless possibilities. Schedule a tour today to explore the full potential!
Read more- Bedrooms
- 5
- Baths
- 2.5
- House Size
- 2,508 sqft
- Lot Size
- 0.48 ac
- School District
- Lampasas ISD
Location
Market Insights
In the last 30 days, homes for sale in 76550, Lampasas, TX were on the market for a median of 82 days and 16.67% of homes sold above list price.

Buy a new home knowing you’ll sell your current one. Orchard guarantees your home will sell, so you can buy your next one worry-free.
Get StartedInterior Information
- appliances
- Range
- cooling
- Central Air
- Electric
- features
- Eat-in Kitchen
- fireplace
- None
- flooring
- Carpet
- Concrete
- Tile
- heating
- Natural Gas
- Central
- Electric
- laundry features
- Washer Hookup
- Electric Dryer Hookup
- Gas Dryer Hookup
- Inside
- Laundry Room
- view
- None
Exterior Information
- features
- Balcony
- fence
- Back Yard
- Chain Link
- Front Yard
- road surface
- Asphalt
- roof
- Composition
- Shingle
Property Information
- architectural style
- None
- community
- None
- Park
- construction
- Frame
- Stone
- Stone Veneer
- foundation
- Slab
- sewer
- Public Sewer
- subdivision name
- Witcher & Willetts
- utilities
- Electricity Available
- Natural Gas Available
- water source
- Public

- Listed By Molly Repasch
- (254) 526-5117
- Jim Wright Company
- (254) 526-5117
- jim@jwcrentals.com
- MLS 562517
Monthly Payments Calculator
Estimated Monthly Cost
$1,924
30 year fixed·6.9% interest rate
- Principal & Interest
- $1,488
- Property Taxes
- $235
- Home Insurance
- $200
- HOA Fees
- $0
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.