New Listing
1402 N Adams St,Fredericksburg, TX 78624
Fredericksburg, TX 78624
Description
Premier Fredericksburg 6-Plex | Fully Leased Investment Opportunity Exceptional six-unit multifamily property presents a rare opportunity to acquire a fully leased, income-producing asset in one of the Texas Hill Country's most desirable investment markets. Located at 1402 N. Adams Street in Fredericksburg, this well-maintained apartment community offers immediate cash flow, six income-producing units, and outstanding long-term investment potential. With approximately 4,646 square feet the property is currentlyoccupied, with all six units leased under fixed-term agreements, providing investors with rental income from day one. Multifamily properties of this size and quality rarely become available in Fredericksburg, making this an exceptional opportunity for investors seeking dependable cash flow and long-term appreciation. Residents enjoy convenient access to Historic Main Street, shopping, restaurants, schools, healthcare, local employers, and the renowned wineries that have made Fredericksburg one of Texas' premier destinations. Fredericksburg's continued population growth, strong local economy, and limited multifamily inventory continue to support a healthy rental market and long-term investment value. Whether you're expanding an existing portfolio, completing a 1031 exchange, or acquiring your first multifamily investment, this property offers six leased units in one of the strongest rental markets in the Texas Hill Country. Investment Highlights occupied with all six units under fixed-term leases Immediate rental income at closing Six income-producing residential units Approximately 4,646 square feet Strong, cash-flow opportunity Excellent long-term investment potential Minutes from Historic Main Street Convenient access to shopping, dining, schools, healthcare, and local employers Ideal for investors or 1031 exchange buyers Located in one of Texas' premier Hill Country communities with strong rental demand Investment opportunities like this are increasingly rare in Fredericksburg. This fully leased six-plex offers the ideal combination of immediate income, long-term appreciation potential, and a prime location in one of Texas' most desirable real estate markets.
Details
| MLS # | 2011635 |
|---|---|
| Listing Type | For Sale |
| Status | New |
| Year | 1980 |
| Days On Site | 1 |
| Listing Provided By | Compass RE Texas, LLC - SA | Kimberly Bowling |
Features
| SQ Feet | 4,646 |
|---|---|
| Units | 6 |
| Zoning | R2 |
Interior
| Heating Fuel | Electric |
|---|
Exterior
| Exterior | Brick |
|---|---|
| Exterior Features | Not Applicable/None |
| Foundation | Slab |
Utilities
| Waterorsewer | City |
|---|
Taxes
| Tax Property Id | S13800000006500 |
|---|---|
| Taxed By Mltpl Counties | No |
| Total Tax | 5190 |
Area Information
| State | TX |
|---|---|
| County | Gillespie |
| City | Fredericksburg |
| Zip Code | 78624 |
| Area | Gillespie |
| Community Name | Sandcast |
| School District | Fredericksburg |
| Elementary School | Fredericksburg |
| High School | Fredericksburg |
| Listing VS Median (in Sandcast) | |
Price: $990,000 low | high Med: $990,000 sqft: 4,646 low | high Med: 4,646 $ / sqft: $213 low | high Med: $213 On site: 1 low | high Med: 1 | |
Market Activity 78624
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Learn More About This Property
| State | TX |
|---|---|
| County | Gillespie |
| City | Fredericksburg |
| Zip Code | 78624 |
| Area | Gillespie |
| Community Name | Sandcast |
| School District | Fredericksburg |
| Elementary School | Fredericksburg |
| High School | Fredericksburg |
| Listing VS Median (in Sandcast) | |
Price: $990,000 low | high Med: $990,000 sqft: 4,646 low | high Med: 4,646 $ / sqft: $213 low | high Med: $213 On site: 1 low | high Med: 1 | |
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