Occupied Apartment Building
New
For Sale
$1,800,000
114 Fleury Way, Fredericksburg, TX 78624
Commercial Sale, Fredericksburg, TX
Property SizeContact for details
Lot Size11.10 Acres
Days on Market2
Property Features for 114 Fleury Way
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Fredericksburg
Middle school district
Fredericksburg
High school district
Fredericksburg
Standard status
Active
Lot size
11.10 Acres
Taxes and HOA fees
Tax Annual Amount
21169
Building Details
Number of units
11
Listing Agency:
Fredericksburg Realty
(830) 997-6531
Listed By:
Justin Cop · License #TREC#613372-B
(830) 998-2895
Added: Sep 23
Last Checked: Sep 24 at 1:06AM
MLS# 105405
Copyright © 2026 Central Hill Country 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.
This apartment property comprises 11 residential units across approximately 11.10 acres near Fredericksburg. Improvements were built primarily in 1995, 1996, and 2011, with residences positioned along Fleury Way and Collard Drive. The site includes a mix of homes and additional living accommodations, along with mature trees, open areas, and outdoor improvements. A grandfathered water well reportedly produces approximately 75–100 gallons per minute and serves the property.
The property is approximately 7 miles, or an 11-minute drive, from downtown Fredericksburg. Its current occupancy supports an established rental operation, while the acreage and existing residential improvements provide a consolidated multifamily asset in a rural setting. Continued operation and future planning remain subject to applicable regulations and property restrictions.
The property is approximately 7 miles, or an 11-minute drive, from downtown Fredericksburg. Its current occupancy supports an established rental operation, while the acreage and existing residential improvements provide a consolidated multifamily asset in a rural setting. Continued operation and future planning remain subject to applicable regulations and property restrictions.
Key Highlights
- 11 residential units on approximately 11.10 acres
- Currently fully occupied with an established rental operation
- Improvements constructed primarily in 1995, 1996, and 2011
Property Analytics
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Current Use
Lease Details
11
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residential rental asset with multiple homes, established improvements, and a private Hill Country setting.
Where is this apartment building 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 on approximately 11.10 acres; Currently fully occupied with an established rental operation; Improvements constructed primarily in 1995, 1996, and 2011
