MULTIFAMILYRADAR
20-Unit Multifamily in Three Rivers, TX, photo 1
High yieldStabilized
$1,199,000

20-Unit Multifamily in Three Rivers, TX

Live Oak County, TX · listed Jan 23, 2026 (278 days)

Price per unit compared
This property$60K
Within ~40 mi (8)$75K
Texas median (1,196)$92K
$/unit
$59,950
▼ 35% vs TX · 22nd pct
Cap rate
8.1%
▲ 0.7 pts vs TX median
Gross yield
—
 
Units
20
3 bldg · 1994

Financials

Asking price
$1,199,000
Price per unit
$59,950
Price per sq ft
Not stated
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
8.1%
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
20
Unit mix
twelve 2-bed/1-bath units and four 1-bed/1-bath units
Buildings
3
Year built
1994
Building size
Not stated
Avg unit size
Not stated
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Jan 23, 2026
Days on market
278 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1324

About this property

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.

Multifamily | 20 Units | $59,950/unit

Location

Approximate area. The exact address is shared on request.

Similar buildings nearby

PropertyPrice$/unitCap
28-Unit Multifamily in Three Rivers, TXThree Rivers, TX$2.19M$78K3.9%
20-Unit Multifamily in Beeville, TXBeeville, TX
High yieldStabilized
$1.2M$60K8.6%
24-Unit Multifamily in Beeville, TXBeeville, TX
High yieldValue-add
$1.76M$73K8.3%
24-Unit Multifamily in Beeville, TXBeeville, TX
High yieldValue-add
$1.82M$76K7.9%
12-Unit Multifamily in Beeville, TXBeeville, TX
High yieldStabilized
$960K$80K7.5%
28-Unit Multifamily in Beeville, TXBeeville, TX
High yieldStabilized
$2.24M$80K8.5%