1402 N Adams St - Multi-Family FOR SALE


Fredericksburg, TX 78624
$990,000 USD
512-757-7326
1402 N Adams St, Fredericksburg, TX for Sale
$990,000 USD
Multi-Family - FOR SALE
1/6
null | Request Cap Rate

1402 N Adams St
Fredericksburg, TX 78624


HIGHLIGHTS

  • 100% occupied with all six units under fixed-term leases
  • Immediate rental income at closing
  • Six income-producing residential units
  • Strong, stable cash-flow opportunity
  • Minutes from Historic Main Street
  • Convenient access to shopping, dining, schools, healthcare, and local employers

OVERVIEW

Offered at $990,000, this exceptional six-unit multifamily property presents a rare opportunity to acquire a fully leased, income-producing asset in one of the Texas Hill Country's most desirable investment markets. Located at 1402 N. Adams Street in Fredericksburg, this well-maintained apartment community offers immediate cash flow, six income-producing units, and outstanding long-term investment potential. With approximately 4,646 square feet, the property is currently 100% occupied, with all six units leased under fixed-term agreements, providing investors with stable rental income from day one. Multifamily properties of this size and quality rarely become available in Fredericksburg, making this an exceptional opportunity for investors seeking dependable cash flow and long-term appreciation. Residents enjoy convenient access to Historic Main Street, shopping, restaurants, schools, healthcare, local employers, and the renowned wineries that have made Fredericksburg one of Texas' premier destinations. Fredericksburg's continued population growth, strong local economy, and limited multifamily inventory continue to support a healthy rental market and long-term investment value. Whether you're expanding an existing portfolio, completing a 1031 exchange, or acquiring your first multifamily investment, this property offers the stability of six leased units in one of the strongest rental markets in the Texas Hill Country. Investment opportunities like this are increasingly rare in Fredericksburg. This fully leased six-plex offers the ideal combination of immediate income, long-term appreciation potential, and a prime location in one of Texas' most desirable real estate markets.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

6

PRICE/UNIT

$165,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1402 N Adams - Premier Fredericksburg 6-Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,256 SF

ZONING

R-2

APN/PARCEL ID

13995

ASK ABOUT THIS PROPERTY

Mike HarperRealty Austin - CTX GroupMore Info
512-757-7326

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Mike HarperRealty Austin - CTX GroupMore Info
512-757-7326

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.