909 Center CIR
About This Property
Don't miss this exceptional opportunity to own a beautiful 0.921-acre lot in the heart of Salado's Historic District. Situated in one of the most active and desirable areas of town, this property offers the perfect blend of convenience, privacy, and natural beauty.
The lot is heavily wooded with more than 40 mature trees, creating a picturesque setting and providing endless possibilities for a custom home. The property also features a capped well, an electrical pole with transformer, and fencing with a cross-fence separating the two distinct elevations of the lot.
A prime building site on the lower section offers a secluded and private setting while preserving the property's natural character. With ample space for a home and septic system, you can retain nearly all of the mature trees that make this property so special.
Lots of this size and character in the center of Salado are extremely rare. To the seller's knowledge, there are no other available lots in the heart of town that are outside the floodplain, offer this level of privacy, and feature such an abundance of mature trees.
Schedule a visit today and experience this one-of-a-kind property before it's gone.
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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 31, 2026 | In contract | - | |
| In contract | |||
| Jun 25, 2026 | Listed by Farrington Realty | $249,000 | |
| Listed by Farrington Realty | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| Oct 31, 2025 | Price Decreased |
$274,900
↓ $24K
(8.1%) | |
| Price Decreased | |||
| Sep 22, 2025 | Listed by Farrington Realty | $299,000 | |
| Listed by Farrington Realty | |||
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Rare opportunity to own a piece of Texas in the Historical District of Salado. Located in the most active part of the historical district you will be in the heart of the City. Come look right away before it is gone. This 0.921 Acre lot is filled with many mature trees. I counted and its over 40 of them. Also on the property is a capped well and electric pole. It is fenced and crossed fenced at the middle of the lot between the two distinct levels of the lot. Great building spot down on the lower section will provide a great private setting for your unique home for this one of a kind lot.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017