Welcome to 208 W 5th Street! Positioned in the heart of downtown Lampasas and at the corner of W 5th Street and S Broad Street. With an over-sized .42 acre lot and a canopy of towering trees, you will find a 2,368 sqft. main house and a 1,091 sqft. guest house. Being located only 3 Blocks off Key Avenue and within walking distance to Lampasas Middle School, you are afforded quick access to dining, shopping, city parks, grocery store, hospital, and all that Lampasas has to offer! Tastefully updated and improved with high-end finishes from the luxurious gourmet kitchen, new interior/exterior paint, newer HVAC system, new high-end lighting and ceiling fans, original long-leaf pine hardwood floors, custom sliding barn doors and so much more. The main residence features 3 large bedrooms, 2 bathrooms, a large utility room with countertops/sink and storage closet plus a massive living room featuring an abundance of windows, a fireplace, 2 ceiling fans and custom built-ins. This Uniquely designed floor plan allows you to capture gleaming natural light with numerous windows, provides an open floor plan complimented by high ceilings, and 4 exterior doors which creates a private entry/exit to the Owners Bedroom, utility room, foyer area and kitchen/dining area! The 1,091 sqft. detached guest house features its own access of W 5th Street or the rear alley, it comes with a large bedroom with 2 closets and brick accented walls, 3 entry/exit doors, a large living area, a kitchen with an abundance of cabinetry plus an over-sized laundry room. All of this is further enhanced with a full sprinkler system, custom wood fencing, expansive covered and uncovered porch/patio amenities, a detached workshop/storage building with electricity, and a canopy of towering Oak and Pecan trees! Do not wait on this show stopper of a property. A $10k Buyer Flex Cash Incentive is being offered to use for Price Reduction, Closing Costs, Rate Buy Down, etc.