This 2-bedroom (possible 3), 1-bath, 1,040-sq-ft home offers classic 1935 character with strong fundamentals and plenty of room for value-add improvements. Located just three blocks from the center of town and Mill Pond Park, it sits in one of the most convenient and desirable pockets of San Saba — ideal for buyers who want walkability, recreation, and small-town charm.
The home features a Sandstone rock exterior, hardwood floors, and a pier-and-beam foundation, giving it the kind of solid, timeless structure investors and first-time buyers look for. Inside, the layout is functional and livable as-is, while still offering clear opportunities for modernization. Electrical updating would enhance the home’s long-term performance, and the lack of other major updates means you’re starting with a clean slate rather than paying for someone else’s choices.
Whether you’re planning a rental, a flip, or a personalized starter home, this property delivers strong potential with manageable project scope. The footprint is efficient, the bones are good, and the location adds built-in appeal for future resale or tenant demand.
With its combination of character, location, and improvement upside, this home is a smart opportunity for anyone looking to enter the market or expand their investment portfolio in a growing, sought-after community. This includes an adjacent additional lot that could be used for building another home, workshop, storage or enhanced landscaping. The large Oaks in the backyard make a lovely place for a naturally shaded deck or patio.

Courtesy Of: Hoyt Real Estate

Directions

Start on East Wallace St (190), then turn left on S. Cherokee Street on block before you get to the intersection of 190 and Hwy 16. Go approximately 5 blocks, look to the left for the sign. The property is on the corner of Cherokee and Annex Streets

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