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1870 King David
Three Rivers TX 78071 US

$1,199,000

Active Listing ID 469959
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Lot: 1.89 Acres
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Apartment

$1,199,000

Active Listing ID 469959
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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.

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Property Features

  • Facts
  • Lot Size: 1.89 Acres
  • Property Type: Residential
  • Property Sub-type: Apartment
  • Features
  • Cooling System: Central Air
  • Floor Covering: Carpet, Laminate
  • Roof Type: Shingle
  • Heating Fuels: Electric (Heating), Central

School Information

  • School
  • Three Rivers(Elementary)
  • Three Rivers(MiddleSchool)
  • Three Rivers(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Apartment
  • listprice: 1199000
  • unparsedaddress: 1870 King David
  • postalcity: Three Rivers
  • stateorprovince: TX
  • country: US
  • postalcode: 78071
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.89
  • lotsizeunits: Acres
  • lotsizearea: 1.89
  • livingarea: 15876
  • livingareaunits: Square Feet
  • listagentfullname: James Mirabal
  • listagentemail: j_mirabal@mac.com
  • listagentkey: 3yd-CCARTX-481796126
  • listagentmlsid: 481796126
  • listagentpreferredphone: 3617744137
  • listagentofficephone: 3617744137
  • listofficekey: 3yd-CCARTX-533307
  • listagentstatelicense: 0481796
  • listofficemlsid: 533307
  • disclaimer: Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CCARTX
  • yearbuilt: 1994
  • listingcontractdate: 2026-01-14
  • listagentfax: 3619940587
  • countyorparish: Live Oak
  • parcelnumber: 0390-3300-0555-00
  • elementaryschool: Three Rivers
  • highschool: Three Rivers
  • elementaryschooldistrict: Three Rivers ISD
  • middleorjuniorschooldistrict: Three Rivers ISD
  • highschooldistrict: Three Rivers ISD
  • appliances: ElectricOven, ElectricRange
  • cooling: Central Air
  • flooring: Carpet, Laminate
  • heating: Electric (Heating), Central
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: WindowTreatments
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Mirabal Montalvo & Associates", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"j_mirabal@mac.com", "ListBrokerageCity":"Corpus Christi", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Mirabal Montalvo & Associates", "ListBrokeragePhone":"361-994-1140", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"510 Gordon Street", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"909 S Tancahua Street ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"533307", "ListOfficeCity":"Corpus Christi", "ListOfficeCountry":"USA", "ListOfficeEmail":"chris@corpuschris.com", "ListOfficePostalCode":"78404", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"APARTMENT - Three Rivers, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1870-King-David-Dr_Three-Rivers_TX_78071_M99666-05134?f=listhub&s=CCARTX&m=469959&c=rexren", "MLSModificationTimestamp":"2026-01-15 02:00:16", "Neighborhoods":[{"Description":null, "Name":"WM O'DOCHARTY"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5749, "TaxDescription":"ABST 33 WM O'DOCHARTY 1.29 ACRES PT OF TR 111 (HAVEN APARTMENTS) 1.29 ACRES + MURRAY HILL BLOCK 129 LOT 3 - 6 & 1/5 OF 15 0.603 ACRES", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/15/2026 2:13:18 AM GMT
Source Updated Date: 1/16/2026 6:55:01 AM GMT

Courtesy of: James Mirabal, Mirabal Montalvo & Associates, j_mirabal@mac.com

Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.