189 Watterson RD
About This Property
Discover affordable tiny-home living on a spacious quarter-acre lot in Bastrop! This charming 2-bedroom, 1-bath property offers 407 square feet of thoughtfully updated living space and is ideal for those seeking a simplified lifestyle, weekend getaway, investment property, or private retreat.
Recent improvements include completed drywall tape, float and texture work, fresh interior paint, laminate flooring, baseboards, blinds, skirting, landscaping, and a 1-car carport. The low-maintenance metal exterior, beam foundation, and generous outdoor space provide flexibility for outdoor living, gardening, storage, or future improvements.
Conveniently located with existing utilities and septic in place, this unique property offers an affordable opportunity to own land and a move-in-ready tiny home in the growing Bastrop area.
Property is believed to have originated as a storage building and was converted to residential use by a prior owner. Square footage measured by contractor. All information provided is deemed reliable but not guaranteed. Buyer and buyer's agent to independently verify square footage, measurements, tax records, schools, restrictions, zoning, permits, construction type, intended use, utility availability, financing eligibility, and all other information deemed important to the buyer.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 12, 2026 | Relisted | $99,900 | |
| Relisted | |||
| Sep 8, 2026 | In contract | - | |
| In contract | |||
| Sep 2, 2026 | Price Decreased |
$99,900
↓ $10K
(9.1%) | |
| Price Decreased | |||
| Jul 18, 2026 | Price Decreased |
$109,900
↓ $5K
(4.4%) | |
| Price Decreased | |||
| Jun 24, 2026 | Price Decreased |
$114,900
↓ $5K
(4.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017