Kerrville, TX Multifamily Properties for Sale

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Updated: Aug 3

Short-Term Rental Property with Elevator

504 Tivy St, Kerrville, TX 78028

$2,645,000

5,696 sqft 0.43 AC lot

0.43‑acre corner lot in downtown Kerrville
Three buildings containing four distinct units
Built in 2021 with elevator access and soaring ceilings
Multiple kitchenettes and shared interior spaces
R‑2 zoning with buyer verification of uses

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Updated: Aug 1

Furnished Duplex Property with Additional Home

124 Madrona, Kerrville, TX 78028

$1,250,000

2,578 sqft 6.98 AC lot

6.98‑acre property with Highway 16 frontage
1,938‑square‑foot duplex built in 2019
Two one‑bedroom duplex units with 4‑bunk sleeping lofts
Separate 640‑square‑foot manufactured home with one bedroom and one bath
Lighted gathering patio plus separate air‑conditioned restroom and storage building

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Furnished Short-Term Rental Property

124 Madrona, Kerrville, TX 78028

$1,250,000

2,578 sqft 6.98 AC lot

Highway frontage supports hospitality, retail, event, or residential use without residential restrictions.

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Downtown Mixed-Use Property with Medical

601 Clay St, Kerrville, TX 78028

$929,000

4,578 sqft

Three-building mixed-use property includes medical/general office space, two apartments, and a brewhouse building.

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Four-Unit Short-Term Rental Property

1524 N Water St, Kerrville, TX 78028

$649,000

3,318 sqft 0.16 AC lot

Renovated cottage and three detached bungalows offer flexible short-term rental accommodations with private patios.

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Renovated Short-Term Rental Property

1524 N Water St, Kerrville, TX 78028

$649,000

3,316 sqft 0.16 AC lot

1920s cottage with three additional renovated bungalows, private patios, and flexible live-work rental potential.

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Triplex With Detached Units

912 N Tivy St, Kerrville, TX 78028

$290,000

3,160 sqft 0.37 AC lot

Three residential units span a main house, cottage, and garage apartment, with separate electric metering and public utilities.

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Four-Building Multifamily Investment

2906-2908 Hunt St, Kerrville, TX 78028

$1,100,000

9,300 sqft 0.96 AC lot

21-unit multifamily property across four buildings with on-site laundry, city water and sewer, and R-3 zoning.

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Three-Building Mixed-Use Property

521-601 Clay St, Kerrville, TX 78028

$897,500

974 sqft 0.78 AC lot

Medical office, renovated apartments, and former brewpub space occupy three separate buildings.

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Downtown Mixed-Use Property

521-601 Clay St, Kerrville, TX 78028

$897,500

974 sqft 0.78 AC lot

Three buildings combine office, apartment, and former brewpub improvements under DAC - Commercial zoning.

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Furnished Mixed-Use Property

124 Madrona, Kerrville, TX 78028

$1,250,000

2,578 sqft

Highway-fronted acreage combines furnished lodging improvements with gathering, storage, and outdoor hospitality amenities.

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Duplex with Detached Guest House

510 E Shady Dr, Kerrville, TX 78028

$370,000

1,194 sqft 0.15 AC lot

Two separate living areas offer flexible residential use with a covered porch, carport, and landscaped outdoor space.

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Guadalupe River Mobile Home & RV Park

2915 Riverside Dr, Kerrville, TX 78028

$450,000

1,200 sqft 0.59 AC lot

Waterfront park model property with public water and sewer service at each unit.

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Furnished Short-Term Rental Property

1524 N Water St, Kerrville, TX 78028

$649,000

3,318 sqft

Multiple renovated dwellings include private patios, a firepit, and separate heating and cooling systems.

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Guadalupe River Mobile Home Park

2915 Riverside Dr, Kerrville, TX 78028

$450,000

1,200 sqft 0.59 AC lot

Waterfront property includes four park model units and a fifth RV pad.

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Furnished Short-Term Rental Cottage

1220 Aransas St, Kerrville, TX 78028

$194,500

288 sqft 0.15 AC lot

Fully furnished one-bedroom cottage with a fenced lot, outdoor deck, and public water and sewer service.

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Unique Kerrville Property with History

504 Tivy Street, Unit 6, Kerrville, TX 78028

$2,645,000

5,782 sqft

Historic property blending craftsmanship and modern design with rental potential.

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Furnished Short-Term Rental Property

1520 Water St, Kerrville, TX 78028

$299,000

1,536 sqft 0.16 AC lot

MU zoning supports commercial use, with a communal great room and private bunk rooms for group stays.

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Multi-Building Mixed-Use Property

521601 Clay St, Kerrville, TX 78028

$897,500

4,578 sqft

Three buildings combine office, apartment, and former brewpub improvements within DAC zoning.

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Furnished Short-Term Rental Property

1520 Water St, Kerrville, TX 78028

$299,000

1,536 sqft 0.16 AC lot

MU-zoned cottage currently arranged for group stays with a communal great room and furnished sleeping accommodations.

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Furnished Tiny Home Rental

1220 Aransas St, Kerrville, TX 78028

$194,500

288 sqft

Fully furnished cottage with a fenced lot, wooden deck, and central air.

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Multifamily Compound with Guest House

126-130 Robby Ln, Kerrville, TX 78028

$992,500

4,740 sqft 5.33 AC lot

Three residential structures include updated interiors, covered parking, and shared outdoor amenities.

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Waterfront Mobile Home & RV Park

2915 Riverside Dr, Kerrville, TX 78028

$450,000

1,200 sqft

Waterfront park with individual utility connections and direct river access.

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8-Unit Apartment Building

Kerrville, TX 78028

$1,100,000

4,896 sqft 0.42 AC lot

Maintained multifamily property with central air, electric heating, tile flooring, and individual apartment appliances.

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Kerrville, TX Multifamily Properties Market Trends and Statistics

Explore 31 multifamily properties for sale in Kerrville, TX, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 122,753 square feet of properties for sale, with an estimated market value of $34,668,000.

Sale prices for multifamily properties in Kerrville, TX start at $194,500, averaging $1,333,384, and reaching up to $13,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 41K

Population Growth (5Y) +0.9%

Median Household Income $65,486

College Educated 22.0%

High-Yield Neighborhoods for Investment

Identify Kerrville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
78028	$1.4M

Taxes & Financing

Tax Rate (average for all types) 1.76%

Property Tax per SF $25.20 per SF

Tax Rate vs County Average 0.04 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Kerr County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Kerrville fall within the 10,000 to 25,000 square foot range.

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