405 W Avenue E - Specialty FOR SALE


Alpine, TX 79830
$855,000 USD
830-446-3378
405 W Avenue E, Alpine, TX for Sale
$855,000 USD
Specialty - FOR SALE
1/44
null | Request Cap Rate

405 W Avenue E
Alpine, TX 79830


HIGHLIGHTS

  • Short Term and Long Term Rental
  • Multiple Homes

OVERVIEW

The Morning Star Estate - Historic Charm Meets Income Potential | Alpine, TX. Set on approximately 1.08 acres just blocks from downtown Alpine, this rare offering pairs a beautifully preserved 1913 home with a fully separate, renovated duplex-creating a turnkey opportunity for multigenerational living, extended family, or an established rental portfolio. The Morning Star | Main House - Built in 1913 and thoughtfully updated, the Morning Star offers approximately 2,050 square feet of Alpine history with 3 bedrooms and 2 baths. The kitchen and bathrooms have been tastefully renovated for modern living, including walk-in showers and a commercial double oven and griddle, while original character has been carefully preserved throughout. High ceilings, hardwood floors, mahogany trim, chandeliers, and vintage architectural details give the home a warm, distinctive feel that cannot be recreated. The Morning Star Stables | Duplex - A separate approximately 1,620-square-foot duplex sits on the property and includes two independent, fully furnished residences. Both units have been renovated and offer flexibility for extended family, long-term tenants, or short-term rental income. Each residence includes two mini-split heating and cooling units, updated kitchens and baths, and furnishings. The estate spans seven lots, offering meaningful room for expansion beyond the three existing residences. The additional land creates potential for more guest accommodations, outdoor gathering spaces, hospitality amenities, residential and commercial development, subject to local approvals. Located just two blocks from Brewster County Courthouse and the historic Holland Hotel on Alpine's main thoroughfare, the property benefits from strong visibility and easy access to historic and eclectic dining, shopping and music venues. Currently operated using a combination of short- and long-term rentals and considered one of the more desirable and well-appointed stays in Alpine. Character, flexibility, and established income potential in one sale. Live in the main residence and rent the two guest residences, accommodate multiple generations, or continue operating the property as a furnished hospitality investment. Rental income history is available for qualified buyers. Most furnishings, decor, linens, kitchenware, and operational items convey with the sale for near turnkey transition.

FOR SALE DETAILS

PRICE

$855,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Morning Star

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

-

APN/PARCEL ID

11881

ASK ABOUT THIS PROPERTY

Traci FrasierLegacy Broker GroupMore Info
830-446-3378

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Traci FrasierLegacy Broker GroupMore Info
830-446-3378

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.