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Historic Short-Term Rental Property
For Sale
$900,000

1002 W Pearl Street, Granbury, TX 76048

ResidentialIncome, Granbury, TX

Property SizeContact for details
Lot Size0.52 Acres
Days on Market48

Property Features for 1002 W Pearl Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 6, Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 5, Bedroom 5, Bathroom 2, Bedroom 2
Parking features Assigned, Guest, Open
Patio and Porch features Deck
Interior features HighSpeedInternet
Exterior features Courtyard, Deck
Fireplace 1
Appliances GasRange
Subdivision Crites
Lot features Corner Lot, Landscaped, Many Trees
Elementary school Emma Roberson
Middle school Granbury
High school Granbury
Elementary school district Granbury ISD
Middle school district Granbury ISD
High school district Granbury ISD
Directions Corner of W Pearl St and S Lancaster St.
Standard status Active
APN R000037012
Lot size 0.52 Acres

Additional Details

Currently Operating Yes

Taxes and HOA fees

Tax Description ACRES: 0.519 LOT: 1 2 3 & PT 4 BLK: 2 SUBD: C
Tax Annual Amount 5422
Legal Description ACRES: 0.519 LOT: 1 2 3 & PT 4 BLK: 2 SUBD: C

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating), Natural Gas
Cooling system Ceiling Fan(s), Central Air
Water source Public

Amenities

on-site lounge
coffee bar
arcade games
laundry cottage
pond with waterfall
outdoor gathering areas
covered back porch
courtyard

Building Details

Year built 1910
Floors in Building 1
Number of units 5
Flooring type Tile, Laminate, Wood
Building materials WoodSiding
Roof type Metal
Buildings 5
Listing Agency: Susy Saldivar Real Estate
Listed By: Susy Saldivar · License #0438050
Added: Sep 13 Changed: Oct 23 Last Checked: Oct 30 at 8:06PM
MLS# 21385259

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This furnished short-term rental property combines a historic main residence with four private cottages arranged around a landscaped courtyard. The six-bedroom layout includes two primary bedrooms with ensuite baths, two living areas, a dining room, kitchen, utility-laundry room, and covered rear porch. Each cottage provides a private bedroom and ensuite bath. Additional improvements include a separate lounge with a coffee bar and arcade games, a laundry cottage with multiple washers and dryers, two storage and supply rooms, outdoor gathering areas, and a pond with waterfall. The grounds include mature Live Oak trees estimated at 300–400 years old.

The property occupies a fully fenced 0.519-acre corner lot at 1002 W Pearl Street in Granbury, approximately 0.7 miles from the Historic Granbury Square and minutes from Lake Granbury. Public water and sewer serve the property, which also includes open and guest parking, courtyard space, a deck, central air, and high-speed internet.

Key Highlights

  • Six total bedrooms across the main home and four cottages
  • Four cottages, each with a private bedroom and ensuite bath
  • Fully fenced 0.519‑acre corner lot at 1002 W Pearl Street

Property Analytics

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Location Intelligence

Trade Area within ½ mile

656
Businesses Nearby

Demographics for 76048, TX

25,764
Population
12,737
Households
2
Avg Household Size
48
Median Age
26%
College-Educated
90%
High-School Grad
101.7 sq mi
ZIP Area
253
Density / Sq Mi
$66,856
Median Household Income
$37,190
Median Earnings
$1,288
Median Rent
$230,000
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

Frequently Asked Questions

What type of property is this?
Short term rental property - Furnished guest accommodations include private cottages, gathering areas, and dedicated laundry facilities.
Where is this short term rental property located?
The property is located at 1002 W Pearl Street Granbury, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Six total bedrooms across the main home and four cottages; Four cottages, each with a private bedroom and ensuite bath; Fully fenced 0.519‑acre corner lot at 1002 W Pearl Street
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