Stabilized
$3,500,000
24-Unit Multifamily in Devine, TX
Medina County, TX · listed Feb 5, 2026 (264 days)
Price per unit compared
This property$146K
Within ~40 mi (75)$99K
Texas median (1,196)$92K
- $/unit
- $145,833
- ▲ 58% vs TX · 75th pct
- Cap rate
- 6.2%
- ▼ 1.2 pts vs TX median
- NOI
- $216K
- $9,000/unit/yr
- Units
- 24
- 1 bldg · 2014
Financials
- Asking price
- $3,500,000
- Price per unit
- $145,833
- Price per sq ft
- $210
- Gross rent / year
- Not stated
- Net operating income
- $216,000
- NOI per unit
- $9,000
- Cap rate
- 6.2%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 24
- Unit mix
- 12-2 bed/2 bath units and 12-1 bed/1 bath units
- Buildings
- 1
- Year built
- 2014
- Building size
- 16,628 sq ft
- Avg unit size
- 693 sq ft
- Lot size
- 2.16 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Feb 5, 2026
- Days on market
- 264 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1137
About this property
100% occupancy on 24 units constructed in 2014 and still in great condition. 12-2 bed/2 bath units and 12-1 bed/1 bath units. Rents have not been increased since 2015. Located in busy and growing area close to I-35 and 30 mins from San Antonio. Additional revenue opportunity on land in rear of property (Approx 1 acre) that can be used to build another multi-family complex, RV park, storage units or single family residences!
Multifamily | 24 Units | $145,833/unit
Location
Approximate area. The exact address is shared on request.
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