1 / 22High yield
$450,000
6-Unit Multifamily in Bandera, TX
TX · listed Jun 2, 2026 (148 days)
Price per unit compared
This property$75K
Within ~40 mi (72)$108K
Texas median (1,029)$100K
- $/unit
- $75,000
- ▼ 25% vs TX · 28th pct
- Cap rate
- —
- NOI
- $98K
- $16,300/unit/yr
- Units
- 6
- 2003
Financials
- Asking price
- $450,000
- Price per unit
- $75,000
- Price per sq ft
- $130
- Gross rent / year
- $109,800
- Net operating income
- $97,800
- NOI per unit
- $16,300
- Cap rate
- Not stated
- Gross yield
- 24.4%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 2003
- Building size
- 3,472 sq ft
- Avg unit size
- 579 sq ft
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 2, 2026
- Days on market
- 148 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1207
About this property
Excellent investment opportunity in the growing town of Bandera! This bank-owned property features 6 income-producing units with prime highway frontage and outstanding visibility. Generate immediate cash flow while exploring future development potential. Ideal for investors, owner-users, storage units, retail, office space, or other commercial ventures. Endless possibilities with income already in place.
Multi-family
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Kerrville, TXHigh yieldStabilized | $865K | $173K$173K | 9% |
 Kerrville, TXOwner financingStabilized | $959K | $160K$160K | 5% |
 Kerrville, TXHigh yieldValue-add | $1.1M | $52K$52K | 9% |
 Kerrville, TXNewHigh yield | $1.1M | $52K$52K | 9% |
 Boerne, TXNew | $2.55M | $170K$170K | — |
 San Antonio, TXHigh yieldStabilized | $850K | $106K$106K | 14.7%gy |