Active · MLS# 8415909

615 E Washington St

Giddings, TX, 78942

$265,000

4 Beds · 3 Baths · 3,008 SF · $88/SF

Investor opportunity in the heart of Giddings TX featuring a well-located 3-unit property with strong income potential and value-add upside. Two of the three units have been significantly renovated, offering updated interiors that are attractive to tenants and help support current market rents. The third unit (Unit B) is occupied by a long-term tenant of over 20 years and is in fair condition, presenting a clear opportunity for future renovation and rent growth once vacated. This setup provides a desirable mix of immediate cash flow with built-in upside for investors seeking to increase returns over time. County records indicates the property was built in 1936, and it reflects a combination of classic construction with selective modern updates. Great for investors looking for a stabilized asset with additional value-add potential. Conveniently located in the center of town, with access to local amenities, employment, and commuter routes.   Buyer to verify all information including condition, rents, and square footage. NOTES: Unit C (upstairs) is vacant. Units A and B are tenant occupied. Please do not contact the tenants.

Property Details

Property type

Single Family Residence

Living area

3,008 sq ft

Bedrooms

4

Bathrooms

3 full

Year built

1936

Lot size

0.264 acres

Subdivision

Ot Giddings

County

Lee

Annual taxes

$5,357

Schools

Elementary

Giddings

Middle

Giddings

High

Giddings

Features

Interior

Ceiling-High · Entrance Foyer

Exterior

Exterior Steps

Flooring

Carpet · Vinyl · Wood

Heating

Central

Cooling

Central Air

Views

City

Listing courtesy of Steve Koleno, Beycome Brokerage Realty LLC. Information is provided by Unlock MLS (Austin Board of Realtors) and is deemed reliable but not guaranteed. Adrian Salas is not the listing agent for this property unless otherwise stated.