$124,500
●
Land -
For Sale
305 Lexington RD
Elgin, TX 78621
Studio
0 Bath
$1,022
Est. Monthly
About This Property
Beautiful corner lot in the heart of Elgin just a few blocks from
the historic downtown, this lot has a lot of possibilities. Lot
14-A can be sold with adjacent lot 14-B Listed separately MLS#
5776479 and make half of an acre combining both lots, or can be
sold individually. There was an old structure which was demolished,
all utilities should be there still, Buyers, however to perform all
due diligence and confirm with City of Elgin about utilities,
zoning and best use. There are a few grown pecan trees providing
not only the shade on summer but lots of pecans as well.
Unit Size
-
Days on Market
-
Land Size
0.34 acres
Price per sqft
-
Property Type
Land
Property Taxes
$411
HOA Dues
-
Year Built
1910
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 months ago (Unlock MLS #ACT5716697)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | Listed by One of a Kind Realty | $124,500 | |
| Listed by One of a Kind Realty | |||
| Jun 1, 2026 | No longer available | - | |
| No longer available | |||
| Feb 1, 2026 | Listed by One of a Kind Realty | $127,500 | |
| Listed by One of a Kind Realty | |||
   | |||
|
Beautiful corner lot in the heart of Elgin just a few blocks from the historic downtown, this lot has a lot of possibilities. Lot 14-A can be sold with adjacent lot 14-B Listed separately MLS# and make half of an acre combining both lots, or can be sold individually. There was an old structure which was demolished, all utilities should be there still, Buyers, however to perform all due diligence and confirm with City of Elgin about utilities, zoning and best use. There are a few grown pecan trees providing not only shade in summer but lots of pecans.
| |||
| Nov 1, 2025 | No longer available | - | |
| No longer available | |||
| Sep 30, 2025 | Price Decreased |
$140,000
↓ $10K
(6.7%) | |
| Price Decreased | |||
Show More
Property Highlights
Exterior Details
Waterfront Features: None
Other Structures: None
Lot Features: Cleared, Corner Lot, Few Trees, Level, Wooded
Lot Size Area: 14723.28
Lot Size Units: Square Feet
Lot Size Acres: 0.338
Lot Size Square Feet: 14723.28
Water Source: Public
Financial Details
Tax Map Number: 14A
Tax Assessed Value: $205,480
Tax Annual Amount: $4,926
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Elgin
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Listed by: Carlos Flores
Listed Office: One of a Kind Realty - Listing courtesy of Unlock MLS
Phone: (512) 289-5312
Last Updated: 2026-09-02 04:05:53
Data Source: Unlock MLS, MLS# ACT5716697
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: One of a Kind Realty - Listing courtesy of Unlock MLS
Phone: (512) 289-5312
Last Updated: 2026-09-02 04:05:53
Data Source: Unlock MLS, MLS# ACT5716697
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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