$485,000
↓ $15K (3%)
●
House -
For Sale
655 NW Loop 230
Smithville, TX 78957
2 Beds
2 Baths
$2,575
Est. Monthly
About This Property
Prime 1.47-acre corner tract on Loop 230 just north of Smithville,
perfectly positioned in the path of growth. The property features
road frontage on three sides and offers exceptional visibility for
a variety of uses. With no zoning restrictions and full city
utilities already in place, it's ideal for commercial development,
residential use, or mixed-purpose plans.
A 2-bedroom, 2-bath residence is currently being remodeled, providing immediate usability or future income potential. Located outside city limits but eligible for annexation if desired. A rare opportunity with flexibility, access, and strong investment appeal.
A 2-bedroom, 2-bath residence is currently being remodeled, providing immediate usability or future income potential. Located outside city limits but eligible for annexation if desired. A rare opportunity with flexibility, access, and strong investment appeal.
Unit Size
-
Days on Market
-
Land Size
1.47 acres
Price per sqft
-
Property Type
House
Property Taxes
$193
HOA Dues
-
Year Built
1945
Listed By
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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: 7 months ago (Unlock MLS #ACT6797377)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2026 | Price Decreased |
$485,000
↓ $15K
(3%) | |
| Price Decreased | |||
| Jan 7, 2026 | Listed by Keller Williams Brazos West | $500,000 | |
| Listed by Keller Williams Brazos West | |||
Property Highlights
With View
Parking Details
Parking Features: None
Interior Details
Full Bathrooms: 2
Appliances: None
Exterior Details
Property Condition: Updated/Remodeled
Year Built Source: Public Records
Year Built: 1945
Waterfront Features: None
Other Structures: None
Construction Materials: Frame, Metal Siding
Patio and Porch Features: None
Pool is Private
Lot Features: Back Yard, Cleared, Corner Lot, Level, Public Maintained Road
Lot Size Area: 63815.4
Lot Size Units: Square Feet
Lot Size Acres: 1.465
Lot Size Square Feet: 63815.4
Water Source: Public
Financial Details
Tax Assessed Value: $172,000
Tax Annual Amount: $2,314
Utilities Details
Sewer : Public Sewer, Septic Tank
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 Bastrop
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Listed by: Matthew Gruetzner
Listed Office: Keller Williams Brazos West - Listing courtesy of Unlock MLS
Phone: (817) 279-6996
Last Updated: 2026-04-17 04:25:44
Data Source: Unlock MLS, MLS# ACT6797377
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Keller Williams Brazos West - Listing courtesy of Unlock MLS
Phone: (817) 279-6996
Last Updated: 2026-04-17 04:25:44
Data Source: Unlock MLS, MLS# ACT6797377
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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