Selected for the Terner Labs Housing Venture Lab

1474 County Road B, Lexington, TX 78947

Active
Listed 126 days ago
Owner-Occupant Eligible
$1,295,000
Triplex3,119 sqft3 beds5 bathsListed Jul 9, 2026

A triplex. Live in one home and rent out the other two. How it works

Live here for about

$8,491a month

We are still working out the rent on this one.

Income to qualify: about $237,000 a year

With how much down?

At 20% down ($259,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $169,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

No rent is counted for this home yet, so the cost to live here is the whole loan payment, taxes, insurance and any dues. Income to qualify uses a 43% debt-to-income limit and none of your other debts.

$64,750 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Deep in the heart of Blue, Texas, this strategically located 4.2-acre property offers a versatile opportunity approximately one hour from Austin, 30 minutes to Taylor and Bastrop, and 15 minutes to Elgin. The site is well-suited for a range of uses including short-term rental operations, private events, or a boutique venue concept. The property is improved with a 3,119 SF main residence (3 bed / 3 bath) and two detached guest accommodations, all thoughtfully positioned within a landscaped setting featuring mature grounds, butterfly gardens, and a maintained lawn surrounding a saltwater sports pool. A dedicated outdoor entertainment area includes a stage and dance floor, creating built-in infrastructure for live music, private events, or group gatherings. The main residence features wraparound porches, an outdoor kitchen and dining area, hot tub, and an open-concept interior oriented toward the pool and outdoor space. The primary suite includes a custom marble bath, while additional living space has been created via a converted upper level with bonus room, bedrooms, and bath with separate exterior access—ideal for guest privacy or flexible occupancy. Two guest houses provide additional revenue or hosting capability. The first (approx. 680 SF) includes a loft, kitchenette, full bath, fireplace, and flexible sleeping capacity, with room for expansion. The second (approx. 420 SF) offers a more private setting with kitchenette, full bath, and a dedicated deck area. With existing use as an income-producing Airbnb and infrastructure in place for events or gatherings, the property presents a compelling opportunity for investors or owner-operators seeking a turnkey hospitality, retreat, or event-driven asset in a high-growth Central Texas corridor.

Triplex

Property Type

185,566 sqft

Lot Size

2011

Year Built

Listing Date: 07/09/2026

Listed by: Shelly Morgan

Listing office: Don Quick & Associates, Inc.

Contact: (512) 825-4255

Source: Unlock MLS #ACT2682643

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$1,295,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,295,000
Your Down Payment$259,000
Financed$1,036,000
Estimated Monthly Payment$8,491

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($259,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$8,491/month
Principal + Interest
$6,211
Property Taxes
$1,826
Home Insurance
$454
Rental Income (2 Units)
Not yet estimated
Cost to live here
$8,491/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

Unlock MLS logo

MLS# ACT2682643 · Listing office: Don Quick & Associates, Inc.

Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.