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.
For sale
$995,000
609 W Live Oak St, Fredericksburg, TX 78624
9beds
4,053sqft
:
Get pre-qualified$6,719/mo
Residential
Built in 1960
-- sqft lot
$-- Zestimate®
$245/sqft
$-- HOA
What's special
- 198 days |
- 120 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Leonardo Noriega,
eXp Realty LLC / Tinsley Realty Group
Source: CHCBOR,MLS#: 100569
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Central
Features
- Ceiling Fan(s), Guest Quarters
- Has fireplace: Yes
- Fireplace features: Masonry
Interior area
- Total structure area: 4,053
- Total interior livable area: 4,053 sqft
Video & virtual tour
Property
Features
- Levels: Two
- Fencing: Privacy
- Waterfront features: None
Lot
- Size: 1.25 Acres
- Features: In City Limits
- Topography: Level
Details
- Additional structures: RV/Boat Storage, Guest House, Number of Guest Houses: 2
- Parcel number: 1155
- Zoning: C-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Residential
Materials
- Stone
- Roof: Metal
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Fredericksburg
Financial & listing details
- Price per square foot: $245/sqft
- Tax assessed value: $561,980
- Annual tax amount: $7,160
- Date on market: 1/27/2026
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Price change | $995,000-9.1%$245/sqft |
Source: | ||
| 1/27/2026 | Listed for sale | $1,095,000$270/sqft |
Source: | ||
| 2/3/2014 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,160 +0% | $561,980 -1.7% |
| 2024 | $7,158 +2.2% | $571,770 |
| 2023 | $7,005 +1.9% | $571,770 +24.3% |
| 2022 | $6,872 | $459,810 +11.5% |
| 2021 | -- | $412,500 +17.5% |
| 2020 | -- | $350,930 +6.1% |
| 2018 | $5,762 | $330,810 +2.1% |
| 2017 | -- | $323,900 +3% |
| 2016 | -- | $314,580 +12.8% |
| 2015 | -- | $278,980 -2.8% |
| 2014 | -- | $287,010 +14% |
| 2012 | -- | $251,663 -12.7% |
| 2011 | -- | $288,300 +15.2% |
| 2010 | -- | $250,290 -4% |
| 2009 | -- | $260,770 |
| 2008 | -- | $260,770 +46.9% |
| 2007 | -- | $177,570 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 78624
Nearby schools
GreatSchools rating
- NAFredericksburg Primary SchoolGrades: PK-1Distance: 0.7 mi
- 6/10Fredericksburg Middle SchoolGrades: 6-8Distance: 1.3 mi
- 7/10Fredericksburg High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: Fredericksburg
Source: CHCBOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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