1870 King David, Three Rivers, TX 78071

Three Rivers
Local realty services provided by:Better Homes and Gardens Real Estate Winans
1870 King David,Three Rivers, TX 78071
$1,199,000
Virtual Tour
  • - Beds
  • - Baths
  • 15,876 sq. ft.
  • Multi-family
  • Active
Listed by: james mirabal
Office: mirabal montalvo & associates
MLS#:469959
Source:South Texas MLS

Price summary

  • Price:$1,199,000
  • Price per sq. ft.:$75.52

About this home

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.

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Home facts

  • Year built:1994
  • Listing ID #:469959
  • Added:190 day(s) ago
  • Updated:July 24, 2026 at 05:35 PM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Kitchen Description:Electric Oven, Electric Range
  • Living area:15,876 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1994
  • Building area:15,876 sq. ft.
  • Lot area:1.89 Acres
  • Lot Features:Corner Lot
  • Foundation Description:Slab
  • Levels:2 Story

Schools

  • High school:Three Rivers
  • Middle school:Three Rivers
  • Elementary school:Three Rivers

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,199,000
  • Price per sq. ft.:$75.52
  • Tax amount:$5,749

Features and amenities

  • Appliances:Electric Oven, Electric Range
  • Laundry features:Dryer Hookup, Washer Hookup
  • Amenities:Smoke Detectors, Window Coverings

Parking

  • Parking description:Asphalt
MLS LogoBased on information from South Texas MLS, LLC as 2026. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein “AS IS” and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS® (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.

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