MULTIFAMILYRADAR
6-Unit Multifamily in Kingsville, TX, photo 11 / 30
▼ 2% cutHigh yieldValue-add
$475,000

6-Unit Multifamily in Kingsville, TX

Kleberg County, TX · listed May 13, 2026 (168 days)

▼ Reduced 2.1% on Sep 7, 2026, was $485,000

Price per unit compared
This property$79K
Within ~40 mi (9)$91K
Texas median (1,029)$100K
$/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.

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