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816 Indiana Ave, Wichita Falls, TX, 76301

1beds
3baths
3,938sqft
$350,000
$89price/sqft
$3,720/moest. monthly cost
$148,800/yrincome needed

About This Home

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.

Getting Around

62
WalkingSomewhat Walkable
0
TransitVery Limited Transit
56
BikeBikeable

Schools

5/10
5/10
Hirschi High SchoolGrades 8-122.7 mi

Construction

Condition

  • Year built: 1935

Materials

  • Roof: Other

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 3
  • Full bathrooms: 1
  • 1/2 bathrooms: 2

Features

  • Flooring: Tile,Concrete,Hardwood,Linoleum / Vinyl

Interior Area

  • Total interior livable area: 3,938 sqft

Property

Features

  • Exterior features: Stucco,Brick,Cement / Concrete
  • Has view: Yes
  • View description: City

Parking

  • Parking features: On-street