Views
Address
114 Fleury Way, Fredericksburg, TX
Price
$ 1,800,000

Your Agent

Queen Matthews

Queen Matthews

Managing Broker

346-258-4432

Property Attributes
  • MLS#9235000
  • TypeCommercial
  • Listing Status Active
  • CountyGILLESPIE
  • CityFredericksburg
  • AreaGP
  • Zip78624
  • Style
  • Year Built1999
  • Taxes$ 21168
  • Price$ 1,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1760
  • Lot Size11.1 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property Description

Situated on approximately 11.10 acres just north of Fredericksburg, this established income-producing property offers a rare opportunity to acquire a multi-residence investment in the Texas Hill Country. Located approximately 7 miles, or an 11-minute drive, from downtown, the property combines a convenient location with a private, rural setting. The property is currently fully occupied, providing an established rental operation with the potential for continued long-term income. The property includes 11 residential units, with improvements constructed primarily in 1995, 1996, and 2011. The residences are arranged along Fleury Way and Collard Drive, creating a small residential community with a mix of homes and additional living accommodations. Mature trees, open areas, and outdoor improvements contribute to the property's Hill Country setting. A grandfathered water well, reportedly producing approximately 75–100 gallons per minute, serves as an important utility feature for the property. With its existing tenant base, multiple residences, and close proximity to Fredericksburg, this property presents an attractive opportunity for investors seeking a diversified residential rental asset. The combination of acreage, established improvements, and income-producing use offers flexibility for continued operation and future investment planning, subject to applicable regulations and property restrictions.

Price History
9/25/2026 Listed $1,800,000

General Features

Utilities Electricity Connected,Sewer Connected,Water Connected
Construction Materials See Remarks,Frame,Vinyl Siding,Wood Siding
Year Built 1999
View Neighborhood,Rural
Property Subtype See Remarks
Tax Year 2026
Current Use Other
County Gillespie
Net Operating Income 163623.5
Operating Expense 35956
New Construction No
Property Type Commercial Sale
Energy Efficient HVAC
Subdivision Name NA
Building Features See Remarks
Other Structures See Remarks
Status Active
Directions From Fredericksburg,take N State Hwy 16 approximately 7 miles,turn left onto Marschall Creek Rd,then left onto Fleury Way. Property is on the right.
City Fredericksburg
Disclosures Water District
MLS Area GP
Lot Size Square Feet 483516
Tax Annual Amount 21168.88
Property Condition Resale
Additional Parcels Y/N Yes
Leasable Area 15863
Lease Type See Remarks
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 2022480

Exterior Features

Parking Features See Remarks,Carport,Garage,Open
Total Parking 15
Foundation Details See Remarks,Pillar/Post/Pier,Slab
Number of Buildings 11
Building Area Total 1760
Lot Size Acres 11.1
Road Surface Type See Remarks,Gravel
Lot Size Source Public Records
Waterfront Y/N No
Other Equipment See Remarks
Horse Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 78624

Price
AVG $2.71M
$1.8M
Taxes
AVG $16,122
$21,168
Year Built
AVG 1980
1999

Your Agent

Queen Matthews

Queen Matthews

Managing Broker

346-258-4432

Listed By
Fredericksburg Realty;

Areas We Cover