2477 & 2525 State Highway 159
About This Property
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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 |
|---|---|---|---|
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Price Decreased |
$245,000
↓ $5K
(2%) | |
| Price Decreased | |||
| Jan 29, 2026 | Price Decreased |
$249,999
↓ $19K
(7.1%) | |
| Price Decreased | |||
| Jan 22, 2026 | Listed by Stanberry REALTORS | $268,999 | |
| Listed by Stanberry REALTORS | |||
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Private and secluded 4+ acres just outside the La Grange city limits, offering a beautiful blend of open pasture and large, mature oak trees. The setting provides excellent setback from the road, creating a quiet and private feel while still enjoying the convenience of State Highway 159 frontage. Located just minutes from downtown La Grange and the Round Top Antique Shows, the property is well positioned for buyers seeking a country retreat, equestrian potential, or a Round Top–area investment property.
A gated gravel drive leads into the acreage. A water line has been run from the street, with electric service available just inside the gate on the left. Four-phase electric service is installed at the suggested homesite, providing ample capacity for a residence, barn, shop, or guest accommodations.
With usable pasture, shade from established oaks, and a desirable location near Round Top, this property offers strong potential for a private homesite, horse property, or weekend escape. Ideal for building your Texas dream with a site-built home or a new manufactured home. Older manufactured homes and mobile homes are not permitted. Owner carry terms may be available, providing additional options for qualified buyers.
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| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017