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$780,000
2 Days On Site

515 N Colorado ST
Burton, TX 77835

For Sale|Apartment|Active
0
Beds
0
Total Baths
5,742
SqFt
$136
/SqFt
1914
Built
Subdivision:
City Of Burton
County:
Washington

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515 N Colorado ST515 N Colorado ST515 N Colorado ST515 N Colorado ST
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Excellent opportunity for residential income producing property in small town Texas! Rare chance to own 1.3 acres in the middle of town. Located in the historic town of Burton, TX, halfway between Houston and Austin in the rolling hills of Washington County. Property is historic itself in that the building was built in 1914 as Burton’s public school and afterwards became a home for senior citizens. Building has been lovingly maintained over the years and transitioned to the town’s only apartment property. Currently set up with One bedroom and Two-bedroom units- 6 units in the building, as well 2 cottages on the property. Property has on site washer/dryer facilities for tenant’s use. Units have excellent occupancy rates, 2% vacancy over last two years and a 7.13% cap rate.

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Listing Snapshot
Price 
$780,000
Days On Site 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,742 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.31 Acres
Year Built 
1914
MLS® Number 
3763784
Status 
Active
Property Tax 
$7,225.11
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing first seen on site
2 days agoListing updated with changes from the MLS®
General Features
Acres 
1.31
Additional Property Use 
Multi-Family
Building Features 
AppliancesElectric Dryer ConnectionsWasher/Dryer Connections
Disclosures 
Seller Disclosure, Seller Provided Survey Available
Foundation 
BlockSlab
Number Of Stories 
1
Parking 
GravelUnassignedUnpaved
Parking Spaces 
20
Property Condition 
Updated/Remodeled
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
5742
Utilities 
Electricity ConnectedSewer Connected
Water Source 
Public
Zoning 
N/A
Interior Features
Cooling 
Ceiling Fan(s)Ductless
Flooring 
CarpetLaminateLinoleum
Heating 
Ductless
Laundry Features 
Electric Dryer HookupWasher Hookup
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Exterior Features
Construction Details 
Cement Siding
Other Structures 
Outbuilding
View 
City
Waterview 
City
Community Features
Financing Terms Available 
CashConventional
Horse Allowed 
Yes
MLS Area 
Out of Area
Listing courtesy of Market Realty, Inc. [email protected]


All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings courtesy of ACTRIS as distributed by MLS GRID. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied.
Last checked - 2025-12-18 07:01 PM CST

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Neighborhood & Commute
Source: Walkscore
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