Unique opportunity to own a mixed-use property offering both residential living and income-producing potential. The upper level features a beautifully updated residential space with modern finishes, providing a comfortable place to live, operate as a short-term rental, or lease for additional income. The lower level consists of a commercial storefront currently occupied by a long-term tenant, creating immediate revenue and investment value. Fully furnished with some exclusions.
Originally constructed in 1935, this property blends historic character with thoughtful updates and improvements. The building is equipped with fire sprinkler and alarm systems and has been well maintained. Located in the heart of downtown, it offers excellent visibility, walkability, and convenient access to local businesses, dining, and community events.
Whether you're an investor seeking a cash-flowing asset, an entrepreneur looking to combine business and residential use, or someone searching for a unique property with multiple income streams, this versatile mixed-use building presents a rare opportunity. The property offers approximately 1,200 sq ft of residential space along with approximately 2,700 sq ft of commercial space.
For sale by owner
$350,000
816 Indiana Ave, Wichita Falls, TX 76301
1beds
3,938sqft
SingleFamily
Built in 1935
-- sqft lot
$-- Zestimate®
$89/sqft
$-- HOA
Overview
What the owner loves about this home
What makes this property truly special is its unique blend of commercial and residential space in a manageable, turnkey package. Countless hours have been invested in thoughtfully restoring and updating the building while preserving its character. Whether you're an investor looking for a property with multiple income streams, an entrepreneur seeking a live-work environment, or a business owner wanting supplemental income from the residential loft, this property offers incredible flexibility. It's large enough to create opportunity, yet small enough to be practical and easy to manage, a rare combination in today's market.
- 67 days
- 127
- 5
Listed by:
Property Owner (940) 736-1370
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Concrete, Hardwood, Linoleum / Vinyl
- Basement: None
Interior area
- Total interior livable area: 3,938 sqft
Property
Parking
- Parking features: On-street
Features
- Exterior features: Stucco, Brick, Cement / Concrete
- Has view: Yes
- View description: City
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Other
Condition
- New construction: No
- Year built: 1935
Community & HOA
Location
- Region: Wichita Falls
Financial & listing details
- Price per square foot: $89/sqft
- Date on market: 7/10/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,237/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Listed for sale | $350,000$89/sqft |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment






