NewHigh yield
$1,100,000
21-Unit Multifamily in Kerrville, TX
TX · listed Oct 16, 2026 (12 days)
Price per unit compared
This property$52K
Within ~40 mi (42)$109K
Texas median (1,029)$100K
- $/unit
- $52,381
- ▼ 48% vs TX · 6th pct
- Cap rate
- 9%
- ▲ 1.7 pts vs TX median
- NOI
- $99K
- $4,705/unit/yr
- Units
- 21
- 1950
Financials
- Asking price
- $1,100,000
- Price per unit
- $52,381
- Price per sq ft
- $118
- Gross rent / year
- Not stated
- Net operating income
- $98,800
- NOI per unit
- $4,705
- Cap rate
- 9%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 21
- Unit mix
- 6 studio units (300 SF each) and 15 one-bedroom / one-bath units (500 SF each)
- Buildings
- Not stated
- Year built
- 1950
- Building size
- 9,300 sq ft
- Avg unit size
- 443 sq ft
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 16, 2026
- Days on market
- 12 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1614
About this property
Highlights
- 21-unit multifamily investment opportunity
- Zoned R-3 (multifamily)
- NOI: $98,800 (2025)
- 9,300± rentable square feet
- 0.96± acres across four buildings
- 6 studio units (300 SF each) and 15 one-bedroom / one-bath units (500 SF each)
- Property Flyers
- GB - Information About Brokerage Services - 2025
- Cap Rate:
- 8.98 %
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Kerrville, TXHigh yieldValue-add | $1.1M | $52K$52K | 9% |
 Kerrville, TXOwner financingStabilized | $959K | $160K$160K | 5% |
 Kerrville, TXHigh yieldStabilized | $865K | $173K$173K | 9% |
 Fredericksburg, TXStabilized | $1.85M | $154K$154K | — |
 Bandera, TXHigh yield | $450K | $75K$75K | 24.4%gy |
 Fredericksburg, TXStabilized | $990K | $165K$165K | — |