1870 King David Dr

Three Rivers, TX 78071

$1,199,000
Price
—
Beds
—
Baths
15,876 Sq. Ft.
$76 / Sq. Ft.
15,876
Sq. Ft.
$76
per Sq. Ft.

Description

Exceptional multifamily investment opportunity in the heart of Three Rivers, Texas! This 20-unit apartment complex offers both strong current performance and future upside with an 8.1% cap rate and room for rent increases. The property consists of twelve 2-bed/1-bath units and four 1-bed/1-bath units — all recently updated with central heat and air, laundry connections, and full kitchens. Exterior amenities include private parking, tenant patios or balconies, and convenient access to IH-37, ensuring...Exceptional multifamily investment opportunity in the heart of Three Rivers, Texas! This 20-unit apartment complex offers both strong current performance and future upside with an 8.1% cap rate and room for rent increases. The property consists of twelve 2-bed/1-bath units and four 1-bed/1-bath units — all recently updated with central heat and air, laundry connections, and full kitchens. Exterior amenities include private parking, tenant patios or balconies, and convenient access to IH-37, ensuring steady rental demand. Priced to sell, this is an ideal opportunity for investors seeking cash flow, appreciation potential, and a turnkey asset in a growing South Texas market.
  1. Listed by James Mirabal • TREC #0481796 • Mirabal Montalvo & Associates

Property Details for 1870 King David Drive

Parking Features
Asphalt
Stories
2
Subdivision Name
WM O'DOCHARTY
Waterfront
No
LISTING UPDATED: 01/14/2026 08:00 PM

Property Details for 1870 King David Drive

StatusActive
MLS #469959
Days on Market7
Taxes$5,749 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Apartment
Year Built1994
CountyLive Oak County

Location

Listing Courtesy of Mirabal Montalvo & Associates
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Building Information for 1870 King David Drive

Building/Complex1870 King David DrFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1994

Payment Calculator

$6,323 per month

30 year fixed, 6.15% Interest

Principal and Interest

$5,844

Property Taxes

$479

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1870 King David Drive

Summary
Location and General Information
  • City: Three Rivers
  • County Or Parish: Live Oak
  • State Or Province: TX
  • Postal Code: 78071
Taxes and HOA Information
  • Parcel Number: 0390-3300-0555-00
  • Association Fee: $.00
  • Association: No
  • Tax Annual Amount: $5,749.00
  • Tax Block: 0
  • Tax Legal Description: ABST 33 WM O'DOCHARTY 1.29 ACRES PT OF TR 111 (HAVEN APARTMENTS) 1.29 ACRES + MURRAY HILL BLOCK 129 LOT 3 - 6 & 1/5 OF 15 0.603 ACRES
  • Tax Lot: 111
  • Additional Parcels: Yes
School Information
  • Elementary School: Three Rivers
  • Elementary School District: Three Rivers ISD
  • High School: Three Rivers
  • High School District: Three Rivers ISD
  • Middle Or Junior School: Three Rivers
  • Middle Or Junior School District: Three Rivers ISD
Virtual Tour
Property
Lot Information
  • Building Area Source: Appraiser
  • Building Area Total: 15876.0
  • Living Area: 15876.0
  • Living Area Source: Appraiser
  • Lot Features: CornerLot
  • Lot Size Acres: 1.89
  • Lot Size Area: 82459.0
  • Lot Size Square Feet: 82459.0
Property and Assessments
  • Year Built: 1994
  • Property Sub Type: Apartment
  • Property SubType Additional: Apartment
  • Property Type: Residential
Utilities
  • Electric: SeparateMeters
  • Sewer: PublicSewer
  • Utilities: SewerAvailable, WaterAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab
  • Roof: Shingle
  • Security Features: SmokeDetectors
Interior Features
  • Appliances: ElectricOven, ElectricRange
  • Cooling: Yes
  • Cooling: CentralAir
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Carpet, Laminate
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: WindowTreatments
  • Laundry Features: WasherHookup, DryerHookup
  • Levels: Two
  • Stories Total: 2
  • Window Features: WindowCoverings
  • Bathrooms Total: 0
Mobile Home
Mobile/Manufactured Home
  • Human Modified: No
Multi Family
Multi-Family Information
  • NumberOfUnitsTotal: 0

Property History for 1870 King David Drive

DateEvent & SourcePriceAppreciation
Jan 13, 2026

Listed (Active)

South Texas MLS #469959

$1,199,000—
DateEvent & SourcePrice
01/13/2026

Listed (Active)

South Texas MLS #469959

$1,199,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1870 King David Drive

Taxable ValueLand$101,439Additions$326,534Total$427,973
Tax Record2022$8,780 ($732 / month)
Home Facts
Total Finished SqFt27,739 SqFtAbove Grade Finished SqFt27,739 SqFtLot Size125,888 SqFtStyleMulti-Family Dwelling (2-4)Year Built1991CountyLIVE OAKAPN0390-3300-0556-00

Schools near 1870 King David Drive

This home is within Three Rivers Independent School District.
Rating
School
Type
Grades
Distance
Three Rivers Elementary School
Public - PK to 6
Three Rivers Jr/Sr High School
Public - 7 to 12
Rating
School
Distance
Three Rivers Elementary School
PublicPK to 6

Three Rivers Jr/Sr High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1870 King David Drive, Three Rivers, TX 78071

1870 King David Drive is a condo for sale in Three Rivers, TX 78071. This property was listed for sale on January 14, 2026 by Mirabal Montalvo & Associates, it's currently listed at $1,199,000. This listing's school district is Three Rivers Independent School District. Nearby schools include Three Rivers Elementary School and Three Rivers Jr/Sr High School. 1870 King David Drive is a 0-bed, 0-bath, 15,876 sqft condo built in 1994.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mirabal Montalvo & Associates

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.