tomo logo

$499,000

Beds
5
Baths
5.0
sq ft
3,352

505 E US 290, Elgin, TX 78621

505 E US 290

Elgin, TX 78621

  • 12 days on market
This prime 0.258-acre property with Highway 290 frontage offers unbeatable location and is move-in ready! Perfect for investors, this property features 5 units— lots of potential you could live in one unit and rent out the other 4 or rent all 5 units—providing excellent income potential. The upstairs west unit has previously rented for $1,200, while the other 4 units could bring in $700 each. Please note, the functionality of the pool is unknown. The property is being sold "As Is," and the condition is perfect for someone looking to maximize rental income. Don't miss out on this fantastic opportunity! Conveniently located less than a mile from the Heart of downtown Elgin, 18 mi from Bastrop, 25 mi from downtown Austin, 28 mi from Austin International Airport, 17.5 mi from Samsung Factory in Taylor, 23.6 miles from the Tesla plant.

Details

Property type

Single Family Residence

Lot size

0.258 acres

Price per sq ft

$149

Year built

1960

Annual property taxes

$8,801.42

HOA

No

Price History

03/26/2025
Austin

Austin #9246435

Listed
$499,000

Schools & Community

Elementary school: 

Booker T Washington

Middle school: 

Elgin

High school: 

Elgin

Community features: 

None

High school district: 

Elgin ISD

Status: Active

Tomo last checked: 04/08/2025 at 6:35 AM

Listing updated: 04/01/2025 at 9:37 AM

Listed by: Cecilia Whitley, Sterling & Associates R.E. Phone #: (512) 281-3336

MLS: Austin #9246435

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