1 / 306-Unit Multifamily in Kingsville, TX
Kleberg County, TX · listed May 13, 2026 (168 days)
▼ Reduced 2.1% on Sep 7, 2026, was $485,000
- $/unit
- $79,167
- ▼ 21% vs TX · 30th pct
- Cap rate
- —
- NOI
- $32K
- $5,363/unit/yr
- Units
- 6
- 2 bldg · 1965
Financials
- Asking price
- $475,000
- Price per unit
- $79,167
- Price per sq ft
- $114
- Gross rent / year
- $57,600
- Net operating income
- $32,180
- NOI per unit
- $5,363
- Cap rate
- Not stated
- Gross yield
- 12.1%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- One Duplex + One Quadplex
- Buildings
- 2
- Year built
- 1965
- Building size
- 4,172 sq ft
- Avg unit size
- 695 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 13, 2026
- Days on market
- 168 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Sep 7, 2026: $485K → $475K
- Location
- Approximate (~0.5 mi)
- Listing #
- 1464
About this property
This recently renovated 6-unit residential property features a combination of one duplex and one quadplex, offering investors diversified unit layouts and strong income potential in a growing rental market.
The property has undergone extensive renovations, providing updated interiors and improved curb appeal while reducing near-term maintenance concerns for a new owner. Several units are already occupied, creating immediate cash flow with additional upside through lease-up of remaining vacancies.
Situated on a centrally located site with convenient access to Texas A&M University-Kingsville, local employers, retail, and major thoroughfares, this property is well-positioned to attract long-term tenants and steady rental demand.
Property Highlights:
6 Total Residential Units
One Duplex + One Quadplex Configuration
Recently Renovated Interiors & Exterior Improvements
Partial Occupancy Provides Immediate Income
Opportunity to Increase Cash Flow Through Lease-Up
Strong Rental Demand in Kingsville Market
Ideal for Investors Seeking Stabilized + Value-Add Potential
Convenient Access to Shopping, Employment & TAMUK
Whether you are looking to expand your multifamily portfolio or enter the investment market with a manageable asset, (address on request) presents an excellent opportunity to acquire a renovated income-producing property with upside remaining.
6 Units Across the Street From TAMUK Campus
Highlights
Across the street from Texas A&M University, Kingsville. A one block walk to a roughly 7,000 student campus creates a captive, renewable tenant base and supports above-market rent per square foot for the submarket.
Six units across two buildings on one parcel. One fourplex plus one duplex on the same tax record.
Recently renovated units. Updated flooring (no carpet), modern finishes, fresh paint, and updated appliances, with central air conditioning on the fourplex, materially lowers near-term capital expenditure risk for an incoming owner.
Three demand drivers, one location. Texas A&M University Kingsville (across the street), Naval Air Station Kingsville (5.2 miles), and CHRISTUS Spohn Hospital Kleberg (3.7 miles), insulating occupancy from single-employer risk.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Kingsville, TX Value-add | $500K | $83K$83K | — |
| Kingsville, TX NewValue-add | $475K | $79K$79K | 6.8% |
Corpus Christi, TXNew | $679K | $97K$97K | — |
Corpus Christi, TXNew | $1.09M | $91K$91K | — |
Portland, TXStabilized | $1.32M | $133K$133K | 6.3% |
Corpus Christi, TXValue-add | $1.9M | $70K$70K | — |



