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INCOME-PRODUCING COMMERCIAL PROPERTY WITH FUTURE UPSIDE Located just minutes from downtown Fredericksburg, 609 & 611 Live Oak St offer a rare opportunity to acquire an income-producing commercial property with significant long-term potential. The property consists of three occupied homes, providing immediate rental income from day one. Zoned commercial, this property allows for a wide range of uses, including office space, short-term rentals (STRs allowed), or future redevelopment. With no flood plain concerns, the site is well-positioned for expansion or additional units, making it especially attractive to investors and developers looking for flexibility. While the homes could benefit from updates, they are currently occupied and functioning as rentals, offering a strong value-add opportunity for the next owner to improve, reposition, or redevelop over time. Properties with this combination of location, zoning, income, and development potential are increasingly hard to find in Fredericksburg. Ideal for investors seeking cash flow now with upside later, or business owners looking to establish a presence in a growing market.
| DAYS ON MARKET | 84 | LAST UPDATED | 3/27/2026 |
|---|---|---|---|
| TRACT | Other | YEAR BUILT | 1960 |
| COMMUNITY | City-Southwest | GARAGE SPACES | 3.0 |
| COUNTY | Gillespie | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | Fredericksburg |
|---|
| PRICE HISTORY | |
| Prior to Mar 27, '26 | $1,095,000 |
|---|---|
| Mar 27, '26 - Today | $995,000 |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Range, Refrigerator |
| AREA | City-Southwest |
| CONSTRUCTION | Stone |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 1.25 acre(s) |
| LOT DESCRIPTION | Level |
| PARKING | Gravel |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Multi-Family |
| SUBDIVISION | Other |
| TAXES | 7160 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with eXp Realty LLC / Tinsley Realty Group
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.