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8-Unit Apartment Complex
For Sale
$1,100,000

Kerrville, TX 78028, Kerrville, TX 78028

MULTI_FAMILY - Kerrville, TX

Property Size4,896 SF
Lot Size0.42 Acres
Price / SF$224.67
Days on Market99

Property Features

General Information

Property type Residential Multi Family
Property subtype Other
Zoning ETJ
Parking features None
Interior features Walk-In Closet(s)
Exterior features Stairs/Steps
Appliances Electric Water Heater, Electric Range, Refrigerator
Subdivision Loma Vista
Lot features Level
Elementary school Nimitz
Standard status Active
Size 4,896 SF
Lot size 0.42 Acres

Utilities

Heating system Electric (Heating), Central
Cooling system Electric, Central Air

Building Details

Year built 1981
Floors in Building 2
Number of units 8
Flooring type Tile
Building materials Brick Veneer, HardiPlank Type, Wood Siding
Roof type Composition
Listing Agency: Arden Hills Realty
Listed By: Matthew Sletten · License #0610770
Added: Apr 29 Changed: Aug 3 Last Checked: Aug 5 at 5:06PM
MLS# 124243

Copyright © 2026 Kerrville Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The Ranchero Apartments is an 8-unit apartment complex built in 1981, set on a 0.42-acre lot with a total property size of 4,896 square feet. The building uses brick veneer, HardiPlank-type siding, and wood siding, with a composition roof. Interior features include walk-in closets. Heating is electric with central distribution, and cooling is central air with electric service.

The unit features list includes electric water heaters, electric ranges, and refrigerators. The exterior includes stairs/steps, while parking is listed as none. Multiple tenants have been in place for 10+ years, indicating established occupancy.

Zoned ETJ, the property is located in Kerrville, TX 78028.

Key Highlights

  • 8‑unit apartment complex built in 1981
  • 0.42‑acre lot with 4,896 square feet total property size
  • Multiple tenants have been in place 10+ years

Property Analytics

Current Use

Apartment buildings

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

2,095
Businesses Nearby

Demographics for 78028, TX

40,789
Population
19,285
Households
2.1
Avg Household Size
51
Median Age
32%
College-Educated
91%
High-School Grad
263.3 sq mi
ZIP Area
155
Density / Sq Mi
$65,486
Median Household Income
$35,884
Median Earnings
$1,097
Median Rent
$281,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 8-unit apartment complex on a 0.42-acre lot with ETJ zoning and electric central HVAC systems.
Where is this apartment building located?
The property is located at Kerrville, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 8‑unit apartment complex built in 1981; 0.42‑acre lot with 4,896 square feet total property size; Multiple tenants have been in place 10+ years
More about this property
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