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Listed price in listed location currency (USD).
$1,199,000

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MLS® 469959

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential
Size 15876 sqft
Garage No
Maintenance Fees 
Taxes $5,749
Days Active 8
Approx. Age 1994
Avg. Price Per Sqft $75
MLS® Number 469959

Property Address: 1870 King David Dr, Three Rivers, TX, 78071-2601

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number469959
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelWasher Hookup, Dryer Hookup
Exposure
Exterior
GarageNo
Approx. Age1994
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 14, 2026List Date
$1,199,000List Price
  • Commute

Commute

Starting Address
Destination Address
1870 King David Dr, Three Rivers, TX

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