20-Unit Multifamily in Three Rivers, TX
Live Oak County, TX · listed Jan 23, 2026 (278 days)
- $/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
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|---|---|---|---|
| $2.19M | $78K$78K | 3.9% | |
High yieldStabilized | $1.2M | $60K$60K | 8.6% |
High yieldValue-add | $1.76M | $73K$73K | 8.3% |
High yieldValue-add | $1.82M | $76K$76K | 7.9% |
High yieldStabilized | $960K | $80K$80K | 7.5% |
High yieldStabilized | $2.24M | $80K$80K | 8.5% |