Selected for the Terner Labs Housing Venture Lab

811/ 813 S Commerce St, Lockhart, TX 78644

Active
Listed 108 days ago
Owner-Occupant Eligible
$649,000

About $3,399 a month to live here, after the rent from the other home.

House + ADU2,513 sqft5 beds4 bathsListed Jul 27, 2026

A house with a second home on the lot. Live in one and rent out the other. How it works

Live here for about

$3,399a month

The second home on the lot rents for $1,264. We hold back $246 of that for repairs and an empty month, and the rest goes toward a $4,417 monthly payment.

Income to qualify: about $112,000 a year

With how much down?

At 20% down ($129,800) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $85,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$19,470 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

TURNKEY BUNGALOW + INCOME-PRODUCING GUEST HOME — steps from Downtown Lockhart! Welcome to 811 S. Commerce — a beautifully restored craftsman bungalow with a fully separate, tenant-occupied guest home already generating rental income. Talk about a rare find! The main home is pristine, top to bottom. Classic curb appeal greets you with slate-blue siding, a cheerful coral front door, a durable metal roof, and a deep covered front porch made for rocking chairs and evening breezes. Inside, 3 bedrooms and 2.5 baths are thoughtfully laid out — 2 bedrooms plus a 1.5 bath downstairs, and a private bedroom retreat with its own full bath upstairs. Wide-plank wood-look flooring flows through an open living and dining area, anchored by a show-stopping stacked-stone fireplace. The kitchen is a showpiece too, with a designer chevron tile accent wall, a stainless farmhouse sink, and stainless appliances. Bathrooms are crisp, white, and fully updated. Step out back to a covered deck strung with market lights, overlooking a huge shaded backyard with a storage shed — plenty of room to entertain, garden, or just unwind. A gated side yard adds rare bonus parking for a boat, RV, or trailer. Then there's the guest home (813 S. Commerce) — 2 bedrooms, 1 bath, its own kitchen, its own driveway, and its own private backyard. It's currently tenant-occupied and cash-flowing from day one, making this the ultimate house-hack or investment add. No HOA. No detail overlooked. Just blocks from Lockhart's downtown shops, restaurants, and BBQ legends. Homes like this — move-in ready with built-in income — don't come around often.

House + ADU

Property Type

12,110 sqft

Lot Size

1920

Year Built

Listing Date: 07/27/2026

Listed by: Elizabeth Schmidtberger

Listing office: TS Realty

Contact: (210) 269-9940

Source: Unlock MLS #ACT5893119

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$649,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$649,000
Your Down Payment$129,800
Financed$519,200
Estimated Monthly Payment$4,417

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($129,800) and 6.0%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$4,417/month
Principal + Interest
$3,113
Property Taxes
$851
Home Insurance
$453
Rental Income (1 Unit)
$1,264/month

From the listing description.

Rental Expenses
-$246
Cost to live here
$3,399/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

Unlock MLS logo

MLS# ACT5893119 · Listing office: TS Realty

Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.