The complex on the corner of Stanley and Smythe streets, at the rear of Wodonga Plaza, has been dormant since last January.

The city's urban fire services have been provided from a $7.8 million station in Thomas Mitchell Drive since that time.

The CFA continues to own the Smythe Street buildings and land which opened for fire operations in 1976.

"The property is currently going through a re-zoning process," a fire authority spokesman said.

"CFA is still considering its decision on the property's future."

The land is now zoned public use, with adjoining areas in the same block classified general residential.

East of Smythe Street, Stanley Street has commercial zoning either side.

The CFA declined to say what type of rezoning was being sought from Wodonga Council or discuss potential sell-off plans.

Nor could it say when rezoning application would be submitted to the council.

However, the CFA did confirm asbestos would be a consideration if the buildings were demolished.

"CFA identified suspected asbestos or hazardous materials that were found to be non-friable and in a condition that does not present an exposure risk to building occupants while not subject to physical disturbance," the spokesman said.

The possibility of housing at the old fire station follows other CBD Wodonga residential developments approved at Junction Place and the Lutheran church near the council offices.

Wodonga mayor Anna Speedie noted at last month's council meeting that in-fill housing would change the shape of the city.

"What we're going to see in the very near future...is delivery of some density in terms of inner city living," Cr Speedie said.

"We will see our people be able to walk from their front door to their library and to their art space.

"I think that that's an exciting change."

When the fire station opened it faced the Wodonga saleyards for its first few years before the Target-based shopping centre opened in the 1980s.