953 Lower Elgin RD
About This Property
Escape the hustle and build the life you've been dreaming of on this versatile .943-acre property in the peaceful countryside of Elgin, TX. With no HOA and no restrictions, the options are wide open-bring your manufactured home, design a custom site-built retreat, or simply hold as a smart investment.
This blank canvas is ready for your vision. Whether it's a private homestead, mini-farm, or weekend getaway, you'll enjoy the privacy, space, and freedom to live your way. Raise chickens, goats, start a garden, or just unwind under the Texas sky.
Needs well and septic – perfect for off-grid potential
No HOA / No deed restrictions – total flexibility
Conveniently located with easy access to Toll 130, Tesla, and all the growth surrounding East Austin
Peaceful rural setting, yet close to major amenities
Opportunities like this are rare-affordable land with freedom to build or bring your home, all within a short drive to Austin and the booming tech corridor. Come walk the land and imagine the possibilities!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Jun 10, 2025 | Relisted | $125,000 | |
| Relisted | |||
| Jun 7, 2025 | In contract | - | |
| In contract | |||
| May 19, 2025 | Listed by Pure Realty | $125,000 | |
| Listed by Pure Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017