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Short-Term Rental Cottage with Bungalows
For Sale
$649,000

1524 N Water St, Kerrville, TX 78028

COMMERCIAL - Kerrville, TX

Property Size3,318 SF
Lot Size0.16 Acres
Price / SF$195.60
Days on Market132

Property Features for 1524 N Water St

General Information

Property type Commercial Sale
Property subtype Other
Zoning MU
Lot features Corner Lot, Level
Elementary school Tom Daniels
Subdivision 23-Westminster to 534
Standard status Active
Size 3,318 SF
Lot size 0.16 Acres

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Electric, Central Air

Amenities

private patios
firepit

Building Details

Year built 1926
Floors in Building 2
Number of units 4
Flooring type Wood, Simulated wood
Building materials HardiPlank Type, Rock Veneer
Roof type Metal
Listing Agency: Bock & Co LLC
Listed By: Kari Bock · License #592974
Added: Mar 31 Changed: Aug 5 Last Checked: Aug 9 at 7:06PM
MLS# 123930

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.

Single-story 1920s cottage renovated for short-term rental use. The main house includes a full kitchen plus living and dining space, and there are three additional industrial-style bungalows out back. Each unit has its own mini split heating and cooling and tankless hot water heaters.

The property sits on a 0.16-acre lot and totals 3,318 square feet. Built in 1926 with HardiPlank and rock veneer construction and a metal roof, it has public sewer. Electric heating and central air are listed as part of the system descriptions.

All furnishings and appliances convey, though the seller will keep all wall art. The layout offers flexibility to live in the main house and rent the bungalows, or vice versa.

Key Highlights

  • 0.16‑acre lot with 3,318 SF total under roof
  • Built in 1926; metal roof with HardiPlank and rock veneer
  • Main house plus three additional industrial‑style bungalows out back

Property Analytics

Current Use

Booker's Porta Potties Building Supply

Suggested Use

Top Pick Home Appliance Store Butcher 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

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 - Zoned MU single-story 1920s cottage with three renovated bungalows, each with mini-split HVAC and tankless hot water.
Where is this short term rental property located?
The property is located at 1524 N Water St Kerrville, TX.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 0.16‑acre lot with 3,318 SF total under roof; Built in 1926; metal roof with HardiPlank and rock veneer; Main house plus three additional industrial‑style bungalows out back
More about this property
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