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$749,000

621 S Washington St, Fredericksburg, TX, 78624

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,015 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$737.93 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,819 sqft

Building Information

Year Built1936
Roof Type112

Land Information

APN16339
SubdivisionG E Co #591,615 & 560
Land UseResidential
Legal DescriptionG E CO #591,615 & 560 BLK III .1795
Census Tract950402
Assessed Land Value$144,300
Assessed Improvement Value$143,420
Assessment Year2025

About this property

TWO PERMITTED SHORT-TERM RENTALS | FULLY FURNISHED | COMMERCIAL ZONING - An exceptional investment opportunity in Fredericksburg! Located along one of the city's main thoroughfares, this versatile 0.28-acre property features two fully furnished, income-producing short-term rental accommodations, offering immediate rental potential and multiple possibilities for future use. The beautifully renovated 1930s main home offers 1,015 square feet with two bedrooms and one-and-a-half bathrooms. Historic charm meets contemporary comfort with an inviting open-concept living area, updated kitchen, stylish finishes, and abundant natural light. A separate 320-square-foot shipping-container guesthouse adds a distinctive modern touch, featuring one bedroom, one bathroom, a kitchenette, and comfortable living space. Its private outdoor sitting area and hot tub create an inviting retreat for guests. Both residences are currently operating as permitted, income-producing short-term rentals and are being sold fully furnished. The property offers the flexibility to rent the accommodations separately or together, creating opportunities for a variety of guest arrangements. Commercial zoning further enhances the property's versatility, with potential uses including a professional office, live/work arrangement, or a combination of residential and commercial space, subject to applicable regulations. Mature shade trees, attractive outdoor areas, and ample off-street parking complete this unique offering.Two residences. Two permitted STRs. One property with exceptional flexibility. Discover the possibilities at 621 S Washington Street in Fredericksburg, Texas!

Investor Tools

$213,375Estimated Mortgage Balance
$111,625Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,494 /month
Positive
Cash Flow Estimate:
$1,498 /month

Interested in this property?

Diane Schofield

eXp Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$325/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,270
$267,402
2025
$144,300
$143,420
$287,720
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,270
$267,402

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$235,000
No
First
Nov 16, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$213,375
$111,625
34%
66%
$1,409/mo

City: Fredericksburg

621 S Washington St | Property Details | No Agent List