8-Unit Multifamily
For Sale
$500,000
7 Us Highway 87, Comfort, TX 78013
Fully occupied multifamily property with month-to-month leases and an additional income-producing RV space.
Property Size4,664 SF
Lot Size2.12 Acres
Price / SF$107.20
Days on Market51
Property Features for 7 Us Highway 87
General Information
Standard status
Active
Size
4,664 SF
Lot size
2.12 Acres
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$93,900
Utilities to Site
Yes
Multifamily Units
8
Listing Agency:
Phyllis Browning Company
Listed By:
Ernesto Villarreal
(210) 912-6290
Source:
Thebranchinc
Added: Aug 17
Changed: Oct 3
Last Checked: Oct 5 at 9:13PM
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 Phyllis Browning Company
Investment Insights
Based on property information with market context.
This multifamily property includes 8 occupied units and one income-producing RV space on approximately 2.12 acres. The improvements total 4,664 square feet, and current occupancy is supported by long-term tenants on month-to-month leases. Individual utility meters are installed for the units, providing a separate metering configuration for future lease and utility arrangements subject to applicable requirements.
The property is located at 7 US Highway 87 in Comfort, Texas. It is within a FEMA-designated floodway, making floodplain requirements, insurance availability, financing, and related site conditions important items for independent due diligence. The acreage and existing improvements may support consideration of future development or expansion, subject to zoning and other applicable requirements.
The property is located at 7 US Highway 87 in Comfort, Texas. It is within a FEMA-designated floodway, making floodplain requirements, insurance availability, financing, and related site conditions important items for independent due diligence. The acreage and existing improvements may support consideration of future development or expansion, subject to zoning and other applicable requirements.
Key Highlights
- 8 occupied multifamily units plus 1 income‑producing RV space
- Approximately 2.12 acres with 4,664 square feet of improvements
- Long‑term tenants with month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,556
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,120
$831.1K
Cap Rate 7%
$593,657
$593.7K
Cap Rate 9%
$461,733
$461.7K
Market Conditions
NOI Build-Up for 4,664 SF
Gross rent
$84.0K $18.00/SF
− Vacancy
−$8.4K −$1.80/SF
EGI
$75.6K $16.20/SF
− OpEx
−$34.0K −$7.29/SF
NOI
$41.6K $8.91/SF
Area
Kendall County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,120
Cap Rate 7%
$593,657
Cap Rate 9%
$461,733
Alternative Uses
Best Use
Apartment 5plus
$593.7K
$519.5K – $692.6K
NOI $41,556 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,631 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Explore this area
Business Placement
Demographics for 78013, TX
5,868
Population
2,571
Households
2.3
Avg Household Size
49
Median Age
34%
College-Educated
92%
High-School Grad
226.3 sq mi
ZIP Area
26
Density / Sq Mi
$79,770
Median Household Income
$45,151
Median Earnings
$960
Median Rent
$396,700
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 multifamily property with month-to-month leases and an additional income-producing RV space.
Where is this apartment building located?
The property is located at 7 Us Highway 87 Comfort, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 8 occupied multifamily units plus 1 income‑producing RV space; Approximately 2.12 acres with 4,664 square feet of improvements; Long‑term tenants with month‑to‑month leases
