1870 King David Dr Three Rivers, TX 78071
Estimated payment $6,842/month
Highlights
- Corner Lot
- Central Heating and Cooling System
- Carpet
- No HOA
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.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $5,749
Year Built
- Built in 1994
Lot Details
- 1.89 Acre Lot
- Corner Lot
- Additional Parcels
Home Design
- Slab Foundation
- Shingle Roof
Interior Spaces
- 15,876 Sq Ft Home
- 2-Story Property
- Window Treatments
- Fire and Smoke Detector
- Electric Oven or Range
- Washer and Dryer Hookup
Flooring
- Carpet
- Laminate
Schools
- Three Rivers Elementary And Middle School
- Three Rivers High School
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Wm O'docharty Subdivision
Listing and Financial Details
- Tax Lot 111
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,657 | $64,325 | $6,884 | $57,441 |
| 2023 | $6,015 | $64,082 | $6,748 | $57,334 |
| 2022 | $5,522 | $57,690 | $6,075 | $51,615 |
| 2021 | $5,736 | $57,526 | $5,616 | $51,910 |
| 2020 | $5,524 | $53,901 | $5,311 | $48,590 |
| 2019 | $5,132 | $49,537 | $5,586 | $43,951 |
| 2018 | $5,018 | $48,466 | $5,465 | $43,001 |
| 2017 | $4,979 | $48,125 | $5,426 | $42,699 |
| 2016 | $4,916 | $47,103 | $5,311 | $41,792 |
| 2014 | $4,686 | $50,678 | $8,184 | $42,494 |
| 2013 | $4,637 | $51,403 | $8,301 | $43,102 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/14/2026 01/14/26 | For Sale | $1,199,000 | 0.0% | $76 / Sq Ft |
| 05/29/2023 05/29/23 | Rented | $750 | 0.0% | -- |
| 12/13/2022 12/13/22 | For Rent | $750 | +7.9% | -- |
| 05/18/2021 05/18/21 | Rented | $695 | 0.0% | -- |
| 04/18/2021 04/18/21 | Under Contract | -- | -- | -- |
| 04/09/2021 04/09/21 | For Rent | $695 | 0.0% | -- |
| 03/09/2021 03/09/21 | Rented | $695 | -7.3% | -- |
| 02/07/2021 02/07/21 | Under Contract | -- | -- | -- |
| 03/06/2020 03/06/20 | For Rent | $750 | -- | -- |
Source: South Texas MLS
MLS Number: 469959
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Ask me questions while you tour the home.