1402 N Adams St Fredericksburg, TX $ 990,000
1402 N Adams St
$ 990,000
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1402 N Adams St

Fredericksburg, TX, 78624
$ 990,000
Baths5.0 Sq 4,646

Monthly Estimate*

$ 6,251

1402 N Adams St, Fredericksburg, TX 78624 - Image 1
1402 N Adams St, Fredericksburg, TX 78624 - Image 2
1402 N Adams St, Fredericksburg, TX 78624 - Image 3
1402 N Adams St, Fredericksburg, TX 78624 - Image 4
1402 N Adams St, Fredericksburg, TX 78624 - Image 5
1402 N Adams St, Fredericksburg, TX 78624 - Image 6
Studio

Multi-Family Home for sale in Fredericksburg, TX

for $990,000 with 5 full baths. This 4,646 square foot home was built in 1980 on a lot size of 0.281.

Premier Fredericksburg 6-Plex | Fully Leased Investment Opportunity 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 currentlyoccupied, with all six units leased under fixed-term agreements, providing investors with 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 six leased units in one of the strongest rental markets in the Texas Hill Country. Investment Highlights occupied with all six units under fixed-term leases Immediate rental income at closing Six income-producing residential units Approximately 4,646 square feet. Survey 12,242 (.281 Acres) Strong, cash-flow opportunity Excellent long-term investment potential Minutes from Historic Main Street Convenient access to shopping, dining, schools, healthcare, and local employers Ideal for investors or 1031 exchange buyers Located in one of Texas' premier Hill Country communities with strong rental demand 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.

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Multi-Family Active

Price

$ 990,000

Bedrooms

Studio

Full Bath

5

Property Type

Multi-Family

Taxes

$ 5,190

Style

Multi-Family (2-8 Units)

Lot Size

0.281

Year Built

1980

Town/City

Fredericksburg

County/Region

Gillespie

MLS | Web ID

2011635

Features
General
Living Area 4646
Heating Central
Cooling One Central
Zoning R2
Subdivision Sandcast
Builder Unknown
Class Multi-Family (2-8 Units)
Type One Story
Status New
Area 3100
Year Built 1980
High School Fredericksburg
School District Fredericksburg
Proposed Terms Conventional Cash
Elementary School Fredericksburg
Middle School Fredericksburg
Legal Description Sandcastle #2 Lot 65-PT & 66
Potential Short Sale No
Taxes 5190
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Exterior
Exterior Brick
Foundation Slab
Exterior Features Not Applicable/None
Lot Size 0.281
Water/Sewer City
Roofing Composition
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Interior
Flooring Other
Heating Fuel Electric
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* Excluded Features
List By
Kimberly Bowling

Listing Agent

Compass Re Texas, Llc - Sa

Broker

kim@kimbowling.com;kim@talktokim.com

Email

Affordability Calculator

$6,683
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,251
Monthly Property Taxes
$433
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
745414 Elementary School
745083 Middle School
Fredericksburg High School High School
Pricing History
DatePricePrice ChangeDescription
8/31/2026$990,000 Listed Price

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1402 N Adams St, Fredericksburg, TX, 78624 is a Multi-Family Home for sale at $990,000 with 4,646 sqft and a lot size of 0.281. 1402 N Adams St is a studio with 5.0 baths and was built in 1980. The property's zip code is 78624 which is in Fredericksburg, TX