About this home

Originally built in 1934, this charming Tudor-style property presents a unique opportunity to own a piece of history with incredible future potential. The home maintains many of its original architectural features and character, offering an excellent foundation for an investor looking to restore and repurpose a distinctive property or an entrepreneur searching for the ideal location for their next endeavor. The property is commercially zoned, creating a variety of possibilities beyond its existing structure. Renovate the original Tudor for office, professional, or other permitted commercial use, or explore redevelopment opportunities for the site. With commercial zoning allowing for multifamily development, an investor may have the potential to remove the existing structure and develop a property with four or more residential units, subject to applicable city requirements and approvals. Location adds even more value to this opportunity. The property is conveniently positioned directly next to a city bus stop and within walking distance of Wayland Baptist University, providing excellent accessibility and a strong potential tenant base for future multifamily development. For investors looking to expand their footprint, the seller is also offering *three additional adjoining lots, all located side by side*. Each additional vacant lot is offered at *$75,000* the second property with a structure is priced at $150,000. This creates a rare opportunity to acquire multiple contiguous properties and potentially assemble a larger site for redevelopment. Seller is requiring Properties be sold in pairs of two, meaning this property and the vacant parcel must be purchased together. Whether preserving the character of the original 1934 Tudor, establishing a new commercial venture, or taking advantage of the multifamily and assemblage potential, this property offers multiple paths for investment in a prime and highly accessible location.

Facts and features

Schools

• James Middle School

  middle · 6-8 · 0.2 mi

  1

• Polytechnic High School

  high · 9-12 · 0.2 mi

  1

• T A Sims Elementary School

  elementary · K-5 · 1.1 mi

  3

• Itop Christian Academy

  elementary · PK-5 · 1.3 mi

• Uplift Meridian School

  elementary · K-5 · 0.3 mi

  4

• McRae Elementary School

  elementary · K-5 · 0.7 mi

  4

Price history

• Aug 25, 2026 · Price Changed$150,000
• Aug 12, 2026 · Listed$125,000
• May 5, 2026 · Listing Removed—
• Mar 5, 2026 · Listed$175,000
• Jan 14, 2026 · Listing Removed—
• Oct 18, 2025 · Listed$199,000
• Sep 13, 2023 · Listing Removed—
• Jun 28, 2023 · Listed For Rent$1,900

Tax history

• 2025$2,557 tax · $116,815 assessed
• 2023$3,234 tax · $142,938 assessed
• 2022$3,492 tax · $134,353 assessed
• 2021$3,534 tax · $131,500 assessed
• 2020$3,607 tax · $131,504 assessed
• 2019$3,480 tax · $131,504 assessed
• 2018$1,944 tax · $70,686 assessed
• 2017$1,968 tax · $70,686 assessed

Home value

$148,000

• Collateral Analytics$148,000
• Quantarium$147,249

Where it is