Historic Fredericksburg B&B Investment
514 W Austin St Fredericksburg, TX 78624
514 W Austin St, Fredericksburg, TX, 78624
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For Sale
Contact for pricing
Turnkey B&B complex in Fredericksburg's Historic District.
Property Size2,279 SF
Price / SF$614.30
Days on Market951
Property Features for 514 W Austin St
General Information
- Standard status
- Active
- Size
- 2,279 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1904
Listing Agency
Fore Premier Properties
(830) 997-9591
Listed by
Adam Carroll · License #TX748612
Source
Crexi
Added: Dec 11, 2023 Checked: Jul 19 at 9:10 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fore Premier Properties
Investment Insights
Based on property information with market context.
The Historic Durst Haus presents an investment opportunity in Fredericksburg, TX. This maintained B&B complex features 3 fully permitted STR units within the city’s Historic District, located blocks from Main Street. The property includes the Main Haus, dating back to 1904, a restored 2-bedroom, 2-bath home that retains its historic character while boasting modern updates. It features a living room, a kitchen, and front and back screened porches. The Durst Log Cabin offers a 1-bedroom, 1-bath retreat with a kitchenette. The Durst Studio Suite is a 1-bedroom, 1-bath space with a kitchenette. Each unit features its own private outdoor space. The property size is 2279 square feet. This is a turnkey property ready to welcome guests year-round.
Key Highlights
- Turnkey B&B complex with 3 fully permitted STR units in Fredericksburg's Historic District.
- Prime location: Just blocks from Main Street, offering walkable convenience to shops and restaurants.
- Historic charm with modern updates: Main Haus dates back to 1904 and is lovingly restored.
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.5k | $120.00 |
| − Vacancy | −$19.1k | −$8.40 |
| EGI | $254.3k | $111.60 |
| − OpEx | −$133.5k | −$58.59 |
| NOI | $120.8k | $53.01 |
2,279 SF · lease $120.00/SF/yr · vacancy 7.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.73M
$1.51M – $2.01M
NOI $120,810 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$228.8K
$200.2K – $266.9K
NOI $16,016 @ 7.0% cap · market cap 1.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Durst Haus
Vacation Rental
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Turnkey B&B complex in Fredericksburg's Historic District.
Where is this short term rental property located?
The property is located at 514 W Austin St Fredericksburg, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Turnkey B&B complex with **3 fully permitted STR units** in Fredericksburg's Historic District.; **Prime location:** Just blocks from Main Street, offering walkable convenience to shops and restaurants.; Historic charm with modern updates: Main Haus dates back to 1904 and is lovingly restored.
