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Investment Highlights

  • 100% occupied with all six units under fixed-term leases
  • Six income-producing residential units
  • Minutes from Historic Main Street
  • Immediate rental income at closing
  • Strong, stable cash-flow opportunity
  • Convenient access to shopping, dining, schools, healthcare, and local employers

Executive Summary

Offered at $990,000, this exceptional six-unit multifamily property presents a rare opportunity to acquire a fully leased, income-producing asset in one of the Texas Hill Country's most desirable investment markets. Located at 1402 N. Adams Street in Fredericksburg, this well-maintained apartment community offers immediate cash flow, six income-producing units, and outstanding long-term investment potential. With approximately 4,646 square feet, the property is currently 100% occupied, with all six units leased under fixed-term agreements, providing investors with stable rental income from day one. Multifamily properties of this size and quality rarely become available in Fredericksburg, making this an exceptional opportunity for investors seeking dependable cash flow and long-term appreciation. Residents enjoy convenient access to Historic Main Street, shopping, restaurants, schools, healthcare, local employers, and the renowned wineries that have made Fredericksburg one of Texas' premier destinations.
Fredericksburg's continued population growth, strong local economy, and limited multifamily inventory continue to support a healthy rental market and long-term investment value. Whether you're expanding an existing portfolio, completing a 1031 exchange, or acquiring your first multifamily investment, this property offers the stability of six leased units in one of the strongest rental markets in the Texas Hill Country. Investment opportunities like this are increasingly rare in Fredericksburg. This fully leased six-plex offers
the ideal combination of immediate income, long-term appreciation potential, and a prime location in one of Texas' most desirable real estate markets.

Attachments

Adams Survey

Property Facts

Price $990,000
Price Per Unit $165,000
Sale Type Investment
No. Units 6
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Low-Rise
Lot Size 0.28 AC
Building Size 4,646 SF
No. Stories 1
Year Built 1980
Zoning R-2
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
13995
Land Assessment
$186,710
Improvements Assessment
$237,990
Total Assessment
$424,700
  • Listing ID: 41962861

  • Date on Market: 9/1/2026

  • Last Updated:

  • Address: 1402 N Adams St, Fredericksburg, TX 78624

Contact the Sale Advisor

1402 N Adams St - 1402 N Adams - Premier Fredericksburg 6-Plex

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