Rare multi-income property opportunity just steps from the Guadalupe River! Situated on three lots and encompassing two addresses, this unique property offers exceptional flexibility for investors, multi-generational living, owner-occupants looking to offset their mortgage with rental income with room to expand. The primary residence at 1002 River Oak Dr is a beautifully updated 4-bedroom, 3-bath home featuring spacious living areas, abundant natural light, and a screened patio perfect for enjoying the peaceful Hill Country surroundings. 2 Primaries with en-suite baths and 2 fireplaces. The second structure adds tremendous income-producing potential. The upper level features a spacious 1,200 square-foot apartment complete with 2 bedrooms, 1 bathroom, a full kitchen, living room, and washer/dryer connections. Long-term tenants are currently in place and willing to remain, providing immediate rental income for the next owner. The lower level offers even more upside potential with a large flex space that includes a bedroom, full bathroom, bar/kitchen area, washer/dryer connections, workshop room, and an oversized two-vehicle garage capable of accommodating full-size trucks. With some updating, this space could provide additional rental income, guest accommodations, a home business setup, or hobby/workshop space. Roofs recently updated with heavy composition shingles. Located in one of Seguin's most desirable neighborhoods, you'll be just minutes from Max Starcke Park, riverside walking trails, golf, kayaking, and all that the Guadalupe River lifestyle has to offer. Whether you're seeking a cash-flowing investment, a live-in rental opportunity, or a property with room to expand and add value, this rare location, versatility, and income potential all in one package.