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$2,090,000 -$110,000 (-5%) Price Reduced
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Property Description
Blanco County is one of the fastest-growing rural counties attracting retirees, young families and remote workers. Blanco is dominated by single-family homes and ranches, leaving apartment options scarce. The scarcity and difficulty developing new boosts demand and keeps rental occupancy high. Blanco is also located within 50 miles of both Austin and San Antonio, TX, 2 of the top 10 most populated markets in the entire USA, offering residents small-town living with easy access to urban job markets, universities and cultural attractions. The surrounding area also boasts exceptional outdoor recreation, wineries, breweries, tourism, including several annual outdoor festivals. Blanco is becoming a quiet hot bed of activity for its inhabitants. Live Oak Apartments is A STABLIZED AND TURNKEY MULTIFAMILY OFFERING IN CENTRAL TEXAS!! Major remodel leaving negligible deferred maintenance. Per sellers, remodeled everything other than structure, foundation and exterior walls. Below are the highlights: 1. Strong Cashflow investment in Central TX. 2. Major remodel finishing May 2023 leaving no deferred maintenance. 3. Ability to monitor utility consumption remotely and leases structured with utility reimbursement. 4. Strong 100% Cost Segregation potential with no significant capital reserves required in budgeting. 5. Existing property management willing to stay in place. 6. Lean expense ratio and high yield for the area.
Full Property Details
Full Property Details for MLS# 9160651
General
- Price: $2,090,000
- Taxes: $29,746 (2024)
- Status: Active
- Type: Commercial Multi-Family
- Source: Austin_MLS
- MLS ID: 9160651
- Updated: 1/16/2026
- Added to Site: 142 day(s) ago
Rental Information
- Lease Info: Fixed
Interior
- Flooring: Vinyl
Rooms
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup
Additional Information
- Security/Safety: Fire Alarm, Fire Sprinkler System
Parking
- Total Spaces: 30
- Parking Features: Paved, Parking Lot
Location
- Area: BL
- County: Blanco
- Subdivision: Paradise Heights
- Building Name: Live Oak Apartments
- Driving Directions: From the square in Blanco, head north on Main (Hwy 281) turn right onto 6th street, take left on Live Oak Street, property is on the corner of 6th and Live Oak.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 2
- Detached/Attached: Detached
- Construction: Brick, HardiPlank Type
- Stories/Levels: 1
- Square Feet: 12,303
- Sq. Ft. Source: Builder
- Current Bldg. Use: Multi-Family
- Year Built: 2023
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 43,560
- Lot Size Source: Public Records
Financial Considerations
- Operating Expenses: $82,477
- Assessment Amount: $2,178,980
- Tax Amount: $29,746.4
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Profit/Loss Statement, Rent Rolls, Survey
- Legal Description: PARADISE HEIGHTS , BLK 20 , LOT 15 & 16 , ACRES 1.0
- Disclosures/Reports: Other
- Property ID: R7220
- Block: 20
- Lot Number: 15
Listed by Keller Williams Realty
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Price & Sales History for MLS# 9160651
Date
Details
Price
Change
Source
1/16/2026
Price Reduced
$2,090,000
-5%
MLS
9/02/2025
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for MLS# 9160651
MLS# 9160651, Blanco, TX 78606 (MLS# 9160651) is a Commercial Multi-Family property. MLS# 9160651 is currently listed for $2,090,000 and was received on September 02, 2025. Want to learn more about MLS# 9160651? Do you have questions about finding other Commercial Multi-Family real estate for sale in Blanco? You can browse all Blanco real estate or contact a Coldwell Banker agent to request more information.

