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11-Unit Multifamily Property
For Sale
$1,800,000

114 Fleury Way, Fredericksburg, TX 78624

The 11 residences sit on a rural acreage tract served by a grandfathered water well.

Property Size1,760 SF
Lot Size11.10 Acres
Price / SF$1,022
Days on Market10

Property Features for 114 Fleury Way

General Information

Standard status Active
Size 1,760 SF
Lot size 11.10 Acres
Occupancy 100%

Additional Details

Utilities to Site Yes
Multifamily Units 11

Building Details

Year Built 1999
Listing Agency: Fredericksburg Realty
Listed By: Justin Cop · License #TREC#613372-B
Source: Theswinneygroup
Added: Sep 28 Changed: Oct 6 Last Checked: Oct 5 at 8:45PM

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 Fredericksburg Realty

Investment Insights

Based on property information with market context.

This multifamily property comprises 11 residential units on approximately 11.10 acres. The residences are located along Fleury Way and Collard Drive, with improvements dating primarily to 1995, 1996, and 2011. The property is fully occupied. A grandfathered water well serves the site and is reported to produce approximately 75–100 gallons per minute.

The property is approximately 7 miles, or an 11-minute drive, from downtown Fredericksburg. Mature trees and open areas are part of the site’s rural setting.

Key Highlights

  • 11 residential units across approximately 11.10 acres
  • Fully occupied
  • Grandfathered water well reportedly producing approximately 75‑100 gallons per minute

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Department Store

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

Lease Details

11
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

9
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - The 11 residences sit on a rural acreage tract served by a grandfathered water well.
Where is this multifamily property located?
The property is located at 114 Fleury Way Fredericksburg, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 11 residential units across approximately 11.10 acres; Fully occupied; Grandfathered water well reportedly producing approximately 75‑100 gallons per minute
More about this property
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