1402 N Adams St
Fredericksburg, TX, 78624 $ 990,000
Baths5.0 Sq 4,646 Monthly Estimate*
$ 6,251
Studio 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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FeaturesGeneralLiving 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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ExteriorExterior Brick
Foundation Slab
Exterior Features Not Applicable/None
Lot Size 0.281
Water/Sewer City
Roofing Composition
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InteriorFlooring Other
Heating Fuel Electric
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* Excluded FeaturesList ByKimberly BowlingListing Agent
Compass Re Texas, Llc - SaBroker
kim@kimbowling.com;kim@talktokim.comEmail
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Fredericksburg, TX
Average List Price $907,500
Percent of Sale Price 8%
About Fredericksburg, TX 11,374 Population
24% Since 2002
$ 56,302 Median Income
46.17 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
745414 Elementary School
745083 Middle School
Fredericksburg High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/31/2026 | $990,000 | | Listed Price |