This home is under contract and no longer accepting offers. The price below is the last listed price, kept for reference only — if the deal falls through it may return to the market.
505 1/2 S Main ST S, Lampasas TX 76550
MLS #244710581 · Bear Real Estate Services · Audrey Bear
About this home
INVESTORS!! Look at this Charming 1889 Historic Fixer-Upper!! Step back in time with this turn-of-the-century cottage built in 1889, located right in the heart of Lampasas. Location! Location! Location! This unique historic property perfectly blends vintage character with functional spaces. It needs work...but inside, you will find a living room with gas fireplace, complemented by an optional gas furnace capable of heating the entire home. The layout features a full-size primary bedroom, kitchen and dining room combo, and a quiet study nook perfect for computer room or reading. The north side of the cottage includes a bathroom, a dedicated laundry room, and a secondary room, that could be bedroom or office space. The exterior has a completely fenced yard with a old water well from days gone by. Whether you are looking for a unique weekend getaway, a personal residence, or an income-producing asset, this property offers incredible potential. The property makes a fantastic candidate for a boutique bed and breakfast or a long-term rental investment. Don't let this rare historic opportunity get away!
Property details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 1889
- Full baths
- 1
- Lot size
- 0.10
- Subdivision
- AH Barnes
- MLS area
- LP
- MLS #
- 244710581
Features
Interior features
- Beamed Ceilings
- No Interior Steps
- Primary Bedroom on Main
- See Remarks
Exterior features
- Exterior Steps
Additional details
- Parking
- Carport
- Garage spaces
- 1
- Roof
- Metal
- Foundation
- Pillar/Post/Pier
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Lampasas ISD
- Elementary
- Hanna Springs
- Middle
- Lampasas
- High
- Lampasas
Market insights
Compared with 66 active homes in ZIP 76550 · HomeLocating listings
At $49,900, this home is priced 85% below the $327,450 median across 66 active homes in ZIP 76550.
Estimated monthly payment
Home price
$49,900
Down payment
20% ($9,980)
Loan details
30-yr fixed, 6.50%
Free & no obligation — we'll connect you with a trusted lender.
Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
Ask about renovation financing for this home
With a fixer-upper, you can often finance the home and the repairs together — loans like the FHA 203(k) and Fannie Mae HomeStyle roll the purchase price and the cost of the work into one mortgage. Whether this home qualifies and what it would take are confirmed with a lender. Tell us you're interested and we'll help you explore the options.
HomeLocating is not a lender. Loan eligibility and terms are confirmed with a lender.
Interested in this home?
Ask a question or schedule a tour — we’ll follow up within 24 hours.
Listing courtesy of Bear Real Estate Services · Audrey Bear
Listing data last updated Jul 17, 2026, 2:46 AM
Information is deemed reliable but not guaranteed and should be independently verified. Listing information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2026 HomeLocating.com.