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1870 King David, 
Three Rivers, TX 78071

$1,199,000

—

Bed

—

Bath

15,876

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

James Mirabal

Mirabal Montalvo & Associates

361-994-1140

Last updated:

February 28, 2026, 03:04 PM

MLS#

469959

Source:

South Texas MLS

About This Home

1870 King David

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.

Home Facts

Multi-Family

Built in 1994

Price Summary

1,199,000

$75 per Sq. Ft.

MLS #:

469959

Last Updated:

February 28, 2026, 03:04 PM

Added:

1 month(s) ago

Rooms & Interior

Interior

Living Area:

15,876 Sq. Ft.

Structure

Structure

Building Area:

15,876 Sq. Ft.

Year Built:

1994

Lot

Lot Size (Sq. Ft):

82,459

Finances & Disclosures

Finances

Price:

$1,199,000

Price per Sq. Ft:

$75 per Sq. Ft.

MLS Logo
Based 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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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.