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$1,199,000
Active1870 King David
Three Rivers, TX 78071
Exceptional multifamily investment opportunity in the heart of Three Rivers, Texas! This 20-unit apartment complex offers both strong current performance and future upside with an 8.1% cap rate and room for rent increases. The property consists of twelve 2-bed/1-bath units and four 1-bed/1-bath units — all recently updated with central heat and air, laundry connections, and full kitchens. Exterior amenities include private parking, tenant patios or balconies, and convenient access to IH-37, ensuring steady rental demand. Priced to sell, this is an ideal opportunity for investors seeking cash flow, appreciation potential, and a turnkey asset in a growing South Texas market.
Property Details
- Interior
- Window Treatments
- Cooling
- 1
- Heating
- Central, Electric
- Cooling Features
- Central Air
- Lot Features
- Corner Lot
- Stories
- 2
- Lot Description
- Corner Lot
- Acres
- 1.893
- Square Feet
- 15876.0
- Lot Size (sqft)
- 82459.0
- Parking Features
- Asphalt
- Property Type
- Purchase
- Property Subtype Additional
- Apartment
- Year Built
- 1994
- Foundation
- Slab
- Roof
- Shingle
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Sewer Available, Water Available
- Appliances
- Electric Oven, Electric Range
- Subdivision
- WM O'DOCHARTY
- School District
- Three Rivers Isd
- Elementary School
- Three Rivers
- Middle School
- Three Rivers
- High School
- Three Rivers
- County
- Live Oak
- Region
- Three Rivers
- Original List Price
- $1,199,000
- Days on Market (Cumulative)
- 268
- Taxes Annual
- $5,749
- HOA Fees
- 0.0
- MLS #
- 469959
Location
Legal
Based on information from South Texas MLS, LLC for the period 01/01/2024 through 12/31/2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The listing data contained is a copyright of Texas Association of REALTORS® and that reproduction or distribution is not allowed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: Oct 9, 2026 9:09 PM. Source: STMLS
Listing Broker: Mirabal Montalvo & Associates; James Mirabal; james@mirabalmontalvo.com
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