1225 W Highway 71 Highway W
About This Property
The property features a large manufactured home with five bedrooms and three baths, along with multiple additions creating six additional rooms that can serve as offices, hobby spaces, storage, or expanded living areas. Two screened porches provide comfortable outdoor spaces to relax and enjoy the country setting.
For many years the current owner operated a small food business from the property, producing egg rolls for a loyal customer base. A room with a commercial-style kitchen remains in place and may offer opportunities for continued small-scale food production, catering, or other home-based business ventures.
The five-acre tract includes numerous raised garden beds ideal for vegetable production, homesteading, or small-scale agriculture. Alum Creek runs through a corner of the property, adding natural character to the land.
With its flexible layout and acreage, the property may support a variety of uses including multi-generational living, collaborative or intentional living arrangements, or live/work opportunities. With additional infrastructure planning, buyers may explore potential for RV or tiny home setups, subject to county guidelines.
The property also offers excellent highway visibility and direct access between Bastrop and Smithville, along with an additional electrical drop near the front of the property. Currently being cleaned and prepared for showings, this property offers a unique opportunity for buyers with vision in the growing Bastrop–Smithville corridor.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | Price Decreased |
$350,000
↓ $25K
(6.7%) | |
| Price Decreased | |||
| Mar 9, 2026 | Listed by Stanberry REALTORS | $375,000 | |
| Listed by Stanberry REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017