11-Unit Multifamily in Kerrville, TX
TX · listed Oct 29, 2026 (1 day)
- $/unit
- $106,818
- ▲ 7% vs TX · 54th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 11
- 1949
Financials
- Asking price
- $1,175,000
- Price per unit
- $106,818
- Price per sq ft
- $172
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 11
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1949
- Building size
- 6,821 sq ft
- Avg unit size
- 620 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 29, 2026
- Days on market
- 1 day
- On MultifamilyRadar
- Oct 30, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2269
About this property
Established multifamily investment opportunity in Kerrville. The Garden Apartments offer 11 units across approximately 6,821 SF of buildings on approximately 0.34 acres. Built in 1949, the property provides an established residential asset with existing rental income and potential for future growth. Conveniently located near downtown Kerrville, the Guadalupe River, Kerr County offices, dining, and shopping, the property offers strong in-town accessibility and appeal. With 11 individual units, established occupancy, and potential to increase rents through management and lease turnover, this property offers immediate income with additional upside potential. Rent roll and operating information available to qualified buyers. Tenant-occupied — showings by appointment only. Please do not disturb tenants. Buyer and buyer's agent to verify all information.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Kerrville, TX6-Unit Kerrville TX Multifamily - 3 Duplexes, Residential FinancingOwner financingStabilized | $997K | $166K$166K | 5% |
Devine, TX28-Unit Value-Add Multifamily, 3.75 Acres - $6,150/Mo In PlaceExclusiveValue-add | $450K | $16K$16K | — |
| Kerrville, TX NewOwner financingStabilized | $997K | $166K$166K | — |
| Kerrville, TX NewOwner financingStabilized | $997K | $166K$166K | — |
Kerrville, TXNewHigh yield | $1.1M | $52K$52K | 9% |
Kerrville, TXHigh yieldValue-add | $1.1M | $52K$52K | 9% |



