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0 Baths
15,876 sqft

$1,199,000

1870 King David, Three Rivers TX, 78071

Price per sqft$75.52
Built in1994
Property size15,876 sqft
Property typeCondominium

Overview

Active

Listed Jan 14, 2026

Updated 3 weeks ago

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.

$7,977/mo

Est. mortgage payment based on a $1,199,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
469959

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.89 Acres

Other Property Details

Taxes
$5,749
Tax Frequency
Annually

 

Courtesy of Mirabal Montalvo & Associates

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Zest Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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