$1,199,000
 $6,436 est/mo Sourced by Back At You

1870 King David,Three Rivers, TX 78071

Three Rivers, TX 78071

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Description

Exceptional multifamily investment opportunity in the heart of Three Rivers, Texas! This 20-unit apartment complex offers both strong current performance and future upside with an 8.1% cap rate and room for rent increases. The property consists of twelve 2-bed/1-bath units and four 1-bed/1-bath units all recently updated with central heat and air, laundry connections, and full kitchens. Exterior amenities include private parking, tenant patios or balconies, and convenient access to IH-37, ensuring steady rental demand. Priced to sell, this is an ideal opportunity for investors seeking cash flow, appreciation potential, and a turnkey asset in a growing South Texas market.

Details

MLS #469959
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1994
Days On Site226
Listing Provided ByMirabal Montalvo & Associates | James Mirabal

Features

SQ Feet15,876
Story(s)2
Acreage1.89

Exterior

Lot FeaturesCorner Lot

Parking

Parking FeaturesAsphalt

Taxes

Tax Annual Amount5749

Area Information

StateTX
CountyLive Oak
CityThree Rivers
Zip Code78071
Community NameWM O'DOCHARTY
Listing VS Median (in WM O'DOCHARTY)
Price:
$1,199,000
low | high
Med:
$1,199,000
50% of Average
sqft:
15,876
low | high
Med:
15,876
50% of Average
$ / sqft:
$76
low | high
Med:
$76
50% of Average
On site:
226
low | high
Med:
226
100% of Average
Sourced by Back At You

Market Activity 78071

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Corpus Chrisiti Association of REALTORS®.

Contact

Learn More About This Property

Coldwell Banker Commercial Gateway

Coldwell Banker Commercial Gateway

 (956) 937-2930[email protected]
StateTX
CountyLive Oak
CityThree Rivers
Zip Code78071
Community NameWM O'DOCHARTY
Listing VS Median (in WM O'DOCHARTY)
Price:
$1,199,000
low | high
Med:
$1,199,000
50% of Average
sqft:
15,876
low | high
Med:
15,876
50% of Average
$ / sqft:
$76
low | high
Med:
$76
50% of Average
On site:
226
low | high
Med:
226
100% of Average
Sourced by Back At You
Listing Updated: July 9, 2026 at 3:43:50 PM PDT
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IDX information is provided exclusively for LERA MLS (Local Expertise. Regional Access) consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Laredo Association of REALTORS.
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