1 / 56-Unit Multifamily in Kerrville, TX
Kerr County, TX · listed Aug 20, 2026 (69 days)
- $/unit
- $159,833
- ▲ 60% vs TX · 78th pct
- Cap rate
- 5%
- ▼ 2.3 pts vs TX median
- NOI
- $50K
- $8,333/unit/yr
- Units
- 6
- 3 bldg · 1973
Financials
- Asking price
- $959,000
- Price per unit
- $159,833
- Price per sq ft
- $164
- Gross rent / year
- Not stated
- Net operating income
- $50,000
- NOI per unit
- $8,333
- Cap rate
- 5%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- five one-bedroom, one-bath units of approximately 910 square feet each, plus one two-bedroom, two-bath unit of approximately 1,300 square feet
- Buildings
- 3
- Year built
- 1973
- Building size
- 5,850 sq ft
- Avg unit size
- 975 sq ft
- Lot size
- 0.5 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Available
Listing
- Listed
- Aug 20, 2026
- Days on market
- 69 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1795
About this property
(address on request) Apartments is a six-unit multifamily property in central Kerrville, Texas, built in 1973 and comprising approximately 5,850 square feet of building area across a half-acre site. Rather than a single six-unit building, the property consists of three separate duplex buildings, each sitting on its own legal parcel.
The unit mix is five one-bedroom, one-bath units of approximately 910 square feet each, plus one two-bedroom, two-bath unit of approximately 1,300 square feet. Every unit includes air conditioning, heating, and a full kitchen with refrigerator, oven, microwave, and dishwasher, along with a covered carport and attached storage and laundry room. Four of the six units have private yards.
Multifamily | 6 Units | $166,167/unit
Highlights
- Residential financing structure. Three separate duplex buildings, each on its own legal parcel, may allow conventional two-to-four-unit residential loan products in place of commercial debt — typically a lower down payment, longer fixed-rate amortization, and different underwriting than a single six-unit commercial building.
- Historically full occupancy with long-term tenants. Ownership reports the property has historically operated at 100 percent occupancy with long-tenured residents, holding down turnover cost and vacancy loss.
- Recently remodeled interiors. Ownership reports all six units have been recently updated. Unit interiors show refreshed baths, updated flooring, and built-in storage.
- Covered parking and private storage for every unit. Each unit has a dedicated carport with an attached storage and laundry room — an amenity set uncommon at this price point in the Kerrville rental market and a meaningful retention factor.
- Central downtown location. Two blocks from the Kerr County Courthouse and within walking distance of downtown Kerrville. Four of the six units have private yards.
- Elevated site. Ownership states the property sits on high ground and has never flooded. Buyers are encouraged to obtain an independent flood zone determination.
- Seller financing may be available to a qualified buyer with a substantial down payment. Terms are negotiable and discussed directly with ownership.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
 Kerrville, TXNewHigh yield | $1.1M | $52K$52K | 9% |
 Kerrville, TXHigh yieldValue-add | $1.1M | $52K$52K | 9% |
 Kerrville, TXHigh yieldStabilized | $865K | $173K$173K | 9% |
 Bandera, TXHigh yield | $450K | $75K$75K | 24.4%gy |
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