MULTIFAMILYRADAR
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NewStabilized
$1,175,000

11-Unit Multifamily in Kerrville, TX

TX · listed Oct 29, 2026 (1 day)

Price per unit compared
This property$107K
Within ~40 mi (14)$160K
Texas median (1,031)$100K
$/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.

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