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Furnished Short-Term Rental Property
For Sale
$299,000

1520 Water St, Kerrville, TX 78028

Residential Income, Kerrville, TX

Property Size1,536 SF
Lot Size0.16 Acres
Price / SF$194.66
Days on Market178

Property Features for 1520 Water St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MU
Rooms Laundry Room
Parking features None
Accessibility Accessible Approach with Ramp
Appliances Electric Water Heater, Water Heater Installed, Dishwasher, Electric Range, Refrigerator
Lot features Level
Elementary school Tom Daniels
Subdivision 23-Westminster to 534
Standard status Active
Size 1,536 SF
Lot size 0.16 Acres

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 2012
Floors in Building 1
Number of units 1
Flooring type Vinyl
Building materials HardiPlank Type
Roof type Metal
Architectural style Cottage
Listing Agency: Bock & Co LLC
Listed By: Kari Bock · License #592974
Added: Mar 31 Changed: Aug 19 Last Checked: Sep 24 at 9:06AM
MLS# 123929

Copyright © 2026 Kerrville Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,536-square-foot cottage, built in 2012, is currently configured as a short-term rental with a great room, bunk rooms, and furnishings included in the sale. Sleeping accommodations comprise 6 twin beds and 1 double Murphy bed. The property also includes a laundry room, vinyl flooring, central heating and cooling, a dishwasher, electric range, refrigerator, public water, and public sewer. Wall art and saddles are excluded from the sale.

The 0.1607-acre property is located on Water St in Kerrville, within walking distance of a river trail, restaurants, shopping, and music venues. MU zoning supports commercial use. The building features HardiPlank siding, a metal roof, and an accessible approach with ramp.

Key Highlights

  • Short‑term rental setup with 6 twin beds and 1 double Murphy bed
  • 1,536 square feet on a 0.1607‑acre lot
  • MU zoning allows commercial use

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Butcher Florist Storage Facility Tanning Salon (Bike/Boat/Book/etc) Store Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,055
Businesses Nearby

Demographics for 78028, TX

40,789
Population
19,285
Households
2.1
Avg Household Size
51
Median Age
32%
College-Educated
91%
High-School Grad
263.3 sq mi
ZIP Area
155
Density / Sq Mi
$65,486
Median Household Income
$35,884
Median Earnings
$1,097
Median Rent
$281,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - MU-zoned cottage currently arranged for group stays with a communal great room and furnished sleeping accommodations.
Where is this short term rental property located?
The property is located at 1520 Water St Kerrville, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Short‑term rental setup with 6 twin beds and 1 double Murphy bed; 1,536 square feet on a 0.1607‑acre lot; MU zoning allows commercial use
More about this property
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