About 507 S Cherokee Street
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.
