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132-Unit Apartment Community
For Sale
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Pending

1019 Friendship Ln, Fredericksburg, TX 78624

Texas Hill Country apartment community with resident amenities, covered parking, and select unit upgrades.

Property SizeContact for details
Days on Market143

Property Features for 1019 Friendship Ln

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Colliers - Dallas, Texas
Listed By: Todd Franks · License #TX 479935
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 6:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Dallas, Texas

Investment Insights

Based on property information with market context.

This 132-unit apartment community in Fredericksburg, Texas, was built in 1998 and occupies 14 acres. The property includes 20 one- and two-story buildings with a mix of two- and three-bedroom residences. Most units offer washer and dryer hookups along with covered patios, while select upgraded units feature granite countertops, updated fixtures, tile-surround tubs, stainless steel and black appliances, refreshed cabinetry, over-the-range microwaves, and tile or vinyl plank flooring in common areas.

Community amenities include a swimming pool, playground, barbecue grill, picnic area, on-site laundry facility, covered parking, and landscaped open areas suitable for pets. The property is located at 1019 Friendship Ln in Fredericksburg, within the Texas Hill Country and near the area’s scenic wineries.

Key Highlights

  • 132‑unit apartment community on 14 acres
  • 20 one- and two‑story buildings
  • Two- and three‑bedroom unit mix

Property Analytics

Current Use

Rocking D Enterprises Hardware & Home Improvement Ten19 Apartments Apartment Complex

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Garden Center Pharmacy HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

254
Businesses Nearby

Demographics for 78624, TX

23,080
Population
12,421
Households
1.9
Avg Household Size
52
Median Age
37%
College-Educated
89%
High-School Grad
742.3 sq mi
ZIP Area
31
Density / Sq Mi
$67,987
Median Household Income
$37,047
Median Earnings
$1,347
Median Rent
$439,600
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 - Texas Hill Country apartment community with resident amenities, covered parking, and select unit upgrades.
Where is this apartment building located?
The property is located at 1019 Friendship Ln Fredericksburg, TX.
What are key features of this property?
This property features: 132‑unit apartment community on 14 acres; 20 one- and two‑story buildings; Two- and three‑bedroom unit mix
More about this property
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