506 Krause Street, Victoria, TX 77901 - Photo 1

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$130,000

For Sale
Active
Single Family
2 Beds
1 Full Bath
1,745 Sq. Ft.
0.1253 Acres
Updated 6 days ago

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Property Description

!INVESTOR SPECIAL - MULTIPLE INCOME OPPORTUNITIES! Property features a 1,055 sq. ft. single-family residence plus a two-story rear duplex totaling approximately 690 sq. ft., per Victoria CAD. The duplex consists of two separate living spaces-one upstairs and one downstairs-each featuring a studio-style, open-concept layout with flexibility to create defined living and sleeping areas. WATER & ELECTRICITY ARE SHARED. This versatile property offers excellent potential for an investor looking to expand their rental portfolio with multiple living spaces on one property. Great rental-income potential and investment opportunity! Schedule your showing today and see all this property has to offer.!!

Full Property Details

Full Property Details for 506 Krause St

General

Price: $130,000
Status: Active
Type: Single Family
Source: Central_Texas_MLS
MLS ID: 624052
Updated: 10/6/2026
Added to Site: 46 day(s) ago

Interior

Interior Features: All Bedrooms Down, Ceiling Fan(s), Dining Area, Separate/Formal Dining Room, Storage, Tub Shower, Window Treatments, Kitchen/Dining Combo
Fireplace(s): None
Appliances: Gas Cooktop, Oven, Refrigerator, Water Heater, Some Gas Appliances
Flooring: Combination

Rooms

Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1

Bedrooms

Total Bedrooms: 2

Other Rooms

Laundry: Washer Hookup, Electric Dryer Hookup, Main Level, Laundry Room

Additional Information

Security/Safety: Smoke Detector(s)

Exterior

Exterior Features: Outdoor Shower, Porch, Private Yard
Porch/Patio/Deck: Covered, Porch, Refrigerator

Parking

Parking Features: Converted Garage, Unpaved

Location

County: Victoria
Subdivision: Akers
Driving Directions: https://maps.app.goo.gl/5uos15JvT8X84w449

School Information

Elem School District: Victoria ISD
Midd School District: Victoria ISD
High School District: Victoria ISD

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air, 1 Unit, Wall/Window Unit(s)
Heating Type: Central, Multiple Heating Units, Window Unit

Utilities

Electric Available: Yes
Water: Public, Other, See Remarks
Utility Description: Electricity Available, Trash Collection Public

Structural Information

Architectural Style: Traditional
Construction: Vinyl Siding, Wood Siding
Roof: Composition, Shingle
Windows: Window Treatments
Stories/Levels: 1
Square Feet: 1,745
Sq. Ft. Source: Appraiser
Living Area: 1,745 Sq. Ft.
Year Built: 1941
Year Built Source: Assessor
Property Condition: Resale

Additional Structures

Other Structures: Garage Apartment

Lot Features

Lot Size (Acres): 0.1253
Frontage: City Street, Asphalt
Fencing (Description): Back Yard, Chain Link

Financial Considerations

Terms: Cash, Conventional

Disclosures and Reports

Documents Avail.: Disclosure(s), Other, Seller's Property Disclosure, See Remarks
Legal Description: AKERS S 3' OF LOT 11 & ALL OF LOT 12 BLOCK 3
Property ID: 38628
Block: 3
Lot Number: 11

Listed by C R Realty

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— 506 Krause St —

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832-549-6878

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Schools

Schools serving 506 Krause St

School District:Victoria Independent School District

Name	Grades	Distance
Dudley Elementary Gt Magnet School 3307 Callis Street, Victoria, TX 77901	PK-5	1.2 mi
Patti Welder Middle School 1604 East North Street, Victoria, TX 77901	6-8	0.3 mi
Victoria West High School 307 West Tropical Drive, Victoria, TX 77904	9-12	5.1 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 Krause St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/18/2026

Price Reduced

$130,000

-5.8%

MLS

8/28/2026

Listed

$138,000

—

MLS

Get Price Alerts and Save Property

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 Krause St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$2,583

13%

$137,020

3%

2023

$2,289

—

$133,400

10%

2023

$2,289

9%

$121,150

29%

2022

$2,101

12%

$93,860

20%

2021

$1,877

12%

$78,290

15%

2020

$1,675

-1%

$68,200

—

2019

$1,686

-2%

$68,510

—

2017

$1,721

4%

$68,510

3%

2016

$1,661

—

$66,630

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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506 Krause Street, Victoria, TX 77901 (MLS# 624052) is a Single Family property with 2 bedrooms and 1 full bathroom. 506 Krause Street is currently listed for $130,000 and was received on August 28, 2026. Want to learn more about 506 Krause Street? Do you have questions about finding other Single Family real estate for sale in Victoria? You can browse all Victoria real estate or contact a Coldwell Banker agent to request more information.

506 Krause St Victoria, TX 77901