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270 Kelley RD W
About This Property
An added opportunity is the neighboring property at 254 Kelley Rd W, which is also available for purchase. That property includes five acres with a 3-bedroom, 2-bath home, creating the potential for a multi-generational setup, guest property, investment opportunity, or nearly nine contiguous acres of land in this desirable Bastrop area.
This property offers the rare combination of rural tranquility and proximity to one of Central Texas' fastest-growing regions. Bastrop has experienced significant economic growth in recent years as major technology companies have established operations nearby, including large facilities from SpaceX and The Boring Company, bringing new jobs and investment to the area. The continued expansion of technology, manufacturing, and infrastructure projects has helped transform Bastrop County into a rapidly growing economic corridor just east of Austin.
**Buyer incentive available! Qualified buyers may receive a lender credit equal to 1% of the loan amount toward closing costs when financing through Redbud Home Loans. Contact agent or lender for details.
The next door property 254 Kelley Rd W is also for sale (MLS #7127367). These properties can be purchased together to create a 9 acre estate or development opportunity.
Some photos have been virtually staged to help illustrate the property's potential.
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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 7, 2026 | Price Decreased |
$359,000
↓ $11K
(3%) | |
| Price Decreased | |||
| May 17, 2026 | Price Decreased |
$370,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| May 10, 2026 | Price Decreased |
$375,000
↓ $20K
(5.1%) | |
| Price Decreased | |||
| Apr 17, 2026 | Price Decreased |
$395,000
↓ $4K
(1%) | |
| Price Decreased | |||
| Mar 12, 2026 | Listed by Zilker Properties of Austin | $399,000 | |
| Listed by Zilker Properties of Austin | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017