609 W Live Oak St, Fredericksburg, TX, 78624
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1960
Materials
- Roof: Metal
- Construction materials: Stone
Type & Style
- Home type: MultiFamily
- Property subType: Residential
Interior
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 6
- Full bathrooms: 6
Features
- Ceiling Fan(s),Guest Quarters
- Fireplace features: Masonry
- Fireplace: Yes
Heating
- Heating features: Central
Interior Area
- Total structure area: 4,053
- Total interior livable area: 4,053 sqft
Property
Details
- Parcel number: 1155
- Zoning: C-1
Features
- Levels: Two
- Fencing: Privacy
- Waterfront features: None
- Topography of land: Level
- Living area range: 4000-4999
Lot
- Lot size: 1.25 Acres
- Features: In City Limits
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Tornado
- Winter Weather
- Hail
- Inland Flooding
- Strong Wind
- Cold Wave
- Drought
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,031 | $60,372 |
| Home Insurance * | $469 | $5,628 |
| Property Taxes | $929 | $11,148 |
| Electricity | $445 | $5,340 |
| Total | $6,874 | $82,488 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-27 | Price change | $995,000 |
| 2026-01-27 | Listed for sale | $1,095,000 |
| 2014-02-03 | Sold | -- |
For Sale by Agent
View on Zillow