For sale

$1,199,000

1870 King David Dr, Three Rivers, TX 78071

--beds

--baths

15,876sqft

$8,678/mo

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Apartment

Built in 1994

-- sqft lot

$-- Zestimate^®

$76/sqft

$-- HOA

What's special

Tenant patios or balconiesCentral heat and airLaundry connectionsFull kitchensPrivate parking

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.

196 days

44

1

Facts & features

Interior

Heating

Central, Electric

Cooling

Central Air

Appliances

Included: Electric Oven, Electric Range
Laundry: Washer Hookup, Dryer Hookup

Features

Window Treatments
Flooring: Carpet, Laminate
Windows: Window Coverings
Has fireplace: No

Interior area

Total structure area: 15,876
Total interior livable area: 15,876 sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features: Asphalt

Features

Levels: Two
Stories: 2

Lot

Size: 1.89 Acres
Features: Corner Lot

Details

Has additional parcels: Yes
Parcel number: 03903300055500

Construction

Type & style

Home type: Apartment
Property subtype: Apartment
Attached to another structure: Yes

Materials

Foundation: Slab
Roof: Shingle

Condition

Year built: 1994

Utilities & green energy

Electric: Separate Meters
Sewer: Public Sewer
Water: Public
Utilities for property: Sewer Available, Water Available

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: WM O'DOCHARTY

HOA

Has HOA: No

Location

Region: Three Rivers

Financial & listing details

Price per square foot: $76/sqft
Annual tax amount: $5,749
Date on market: 1/15/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
1/15/2026	Listed for sale	$1,199,000$76/sqft
Source: South Texas MLS #469959 Report a problem
1/6/2021	Listing removed	--
Source: South Texas MLS Report a problem
4/16/2020	Price change	$695-7.3%
Source: Mirabal Montalvo & Associates #358084 Report a problem
3/6/2020	Listed for rent	$750+15.4%
Source: Mirabal Montalvo & Associates #358084 Report a problem
2/4/2017	Listing removed	$650
Source: Zillow Rental Manager Report a problem
1/20/2017	Listed for rent	$650
Source: Zillow Rental Manager Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 78071

Getting around

8 / 100

Car-Dependent

32 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

4/10
Three Rivers Elementary School
Grades: PK-6Distance: 1.3 mi
4/10
Three Rivers Jr/Sr High School
Grades: 7-12Distance: 1.4 mi

Schools provided by the listing agent

Elementary: Three Rivers
Middle: Three Rivers
High: Three Rivers
District: Three Rivers ISD

Source: South Texas MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.