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    FOR SALE
    Commercial real estate

    514 W Austin St Fredericksburg, TX 78624

    1,362 SF 0.23 ac lot Built 1904
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US82-5984879
    514 W Austin St, Fredericksburg, TX 78624 For Sale 1 / 49
    $1,400,000 1,362 SF
    514 W Austin St, Fredericksburg, TX 78624
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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a meticulously maintained three-unit short-term rental (STR) complex nestled in the heart of Fredericksburg's Historic District. The property, known as the Historic Durst Haus, comprises three distinct units, each offering a unique charm and appeal to a diverse range of guests. The main house, a beautifully preserved 1904 structure, features two bedrooms and two bathrooms. This charming residence boasts a spacious living area, a fully equipped kitchen, and inviting screened porches, perfect for enjoying the Texas evenings. The Durst Log Cabin, a cozy one-bedroom, one-bathroom unit with a kitchenette, provides a rustic retreat. Finally, the Durst Studio Suite, a comfortable one-bedroom, one-bathroom unit with a kitchenette, is ideal for solo travelers or couples. Each unit is thoughtfully appointed and includes its own private outdoor space. Located just blocks from downtown Fredericksburg, this property offers unparalleled convenience and access to the area's many attractions. The complex presents a turnkey investment opportunity with proven rental history, combining historic charm with modern amenities for a truly exceptional return. The property is offered at $1,400,000. This is a rare chance to acquire a highly desirable and profitable STR complex in one of Texas's most sought-after destinations.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1904
    Total area 1,362 SF
    Lot 0.23 ac (10,019 SF)
    APN 18769
    UPID US82-5984879
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Durst Haus Vacation Rental Real Estate Agency
    1 occupant on record
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Watchman On The Wall LLC · 6 yrs held
    Watchman On The Wall LLC
    since 2019
    2 recorded transactions
    2019
    Price N/A
    2019
    Price N/A
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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