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$2,999,000 -$201,000 (-6.28%) Price Reduced
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Property Description
Turnkey eight-cabin short-term rental compound two blocks off Main Street in the heart of Fredericksburg. The Rivers at Fredericksburg is a purpose-built boutique lodging community offering an income-producing, fully operational hospitality asset in one of the Texas Hill Country's strongest tourism markets - walkable to the shopping, tasting rooms, and restaurants that draw visitors year-round. Eight (8) detached guest cabins, each individually named for a Texas river - Blanco, Guadalupe, Brazos, Nueces, Rio Grande, Llano, Frio, and Colorado. Each cabin is configured for two (2) guests (1BR/1BA layout) with a kitchenette, fireplace, covered front porch, and private back patio. One cabin is ADA- accessible with a roll-in shower, grab bars, and accessible parking. All eight units feature keypad self check-in, allowing contactless, low- labor operation. A rare, fully stabilized eight-key STR portfolio under single ownership with an established seven-year operating history and existing guest review base. The uniform floor plans and shared amenity footprint keep turnover, maintenance, and furnishing costs predictable, while eight separate keys diversify income across multiple bookings rather than concentrating revenue in a single door. Immediate upside for a new owner through direct-booking channel development, dynamic pricing, expanded occupancy limits, event and small-retreat buy-outs, or repositioning individual cabins to a higher nightly rate tier. Alternatively, the in-town location and multi-structure configuration lend themselves to conversion to long-term rentals, executive/mid-term stays.
Full Property Details
Full Property Details for 506 E Ufer St
General
- Price: $2,999,000
- Taxes: $18,734
- Status: Active
- Type: Commercial
- Source: 1210
- MLS ID: 105118
- Updated: 10/16/2026
- Added to Site: 70 day(s) ago
Parking
- Parking: Concrete
Location
- County: Gillespie
- Subdivision: Langerhans
School Information
- School District: Fredericksburg
Heating & Cooling
- Heating Type: Central
Utilities
- Utility Description: Water Connected, Sewer Connected, Electricity Connected
Structural Information
- Architectural Style: Multi-Family
- Construction: Other
- Roof: Metal
- Sq. Ft. Source: GCAD
Lot Features
- Lot Size (Acres): 0.86
- Topography: Level
- Zoning: None
- Fencing (Description): Wood, Partial
Financial Considerations
- Tax Amount: $18,734
Listed by Compass RE Texas, LLC (512) 363-2980
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Schools
Schools serving 506 E Ufer St
School District:Fredericksburg Independent School District
| Name | Grades | Distance |
|---|---|---|
Fredericksburg Primary School 1110 South Adams Street, Fredericksburg, TX 78624 | PK-K | 0.8 mi |
Fredericksburg Elementary School 1608 North Adams Street, Fredericksburg, TX 78624 | 1-5 | 1.7 mi |
Stonewall Elementary School 220 Peach Street, Stonewall, TX 78671 | K-5 | 12.4 mi |
Fredericksburg Middle School 110 West Travis Street, Fredericksburg, TX 78624 | 6-8 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 E Ufer St
Date
Details
Price
Change
Source
10/16/2026
Price Reduced
$2,999,000
-6.28%
MLS
8/12/2026
Listed
$3,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 506 E Ufer St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$18,734
—
$1,470,390
-16%
2026
$18,734
-13%
$1,752,760
—
2023
$21,557
460%
$1,759,690
603%
2021
$3,851
-70%
$250,480
-71%
2022
$12,874
—
$861,400
—
Disclaimer: Historical tax 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 506 E Ufer St
506 E Ufer St, Fredericksburg, TX 78624 (MLS# 105118) is a Commercial property. 506 E Ufer St is currently listed for $2,999,000 and was received on August 12, 2026. Want to learn more about 506 E Ufer St? Do you have questions about finding other Commercial real estate for sale in Fredericksburg? You can browse all Fredericksburg real estate or contact a Coldwell Banker agent to request more information.

