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Four-Unit Short-Term Rental Property
For Sale
$649,000

1524 N Water St, Kerrville, TX 78028

Commercial Sale, Kerrville, TX

Property Size3,318 SF
Lot Size0.16 Acres
Price / SF$195.60
Days on Market178

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 Electric (Heating), Central
Cooling system Central Air, Electric

Amenities

private patios
firepit

Building Details

Year built 1926
Floors in Building 2
Number of units 4
Flooring type Simulated wood, 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: Sep 16 Last Checked: Sep 24 at 9:06AM
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.

This short-term rental property combines a renovated 1926 cottage with three additional industrial-style bungalows. The main house contains 1,524 square feet with three bedrooms, two bathrooms, a full kitchen, living room, and dining area. Total property size is 3,318 square feet on 0.16 acres. Each bungalow has an individual mini-split heating and cooling system and a tankless water heater, while the main house includes central heating and air conditioning. Private patios and a firepit add outdoor amenity space.

The property is zoned MU and served by public sewer. Construction includes HardiPlank Type and rock veneer, with wood and simulated wood flooring and a metal roof. Furnishings and appliances convey with the sale; wall art is excluded. The existing arrangement supports separate use of the cottage and bungalows, subject to applicable regulations.

Key Highlights

  • Renovated 1926 cottage with 3 bedrooms, 2 bathrooms, full kitchen, living room, and dining area
  • Three additional industrial‑style bungalows located behind the main house
  • 3,318 square feet of total property size on 0.16 acres

Property Analytics

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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
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
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Frequently Asked Questions

What type of property is this?
Short term rental property - Renovated cottage and three detached bungalows offer flexible short-term rental accommodations with private patios.
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: Renovated 1926 cottage with 3 bedrooms, 2 bathrooms, full kitchen, living room, and dining area; Three additional industrial‑style bungalows located behind the main house; 3,318 square feet of total property size on 0.16 acres
More about this property
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