About 1871 State Highway 132
Turnkey 8-Unit Income Property | Short-Term or Long-Term Flexibility | Workshop On-Site Welcome to a rare multi-unit investment opportunity designed for maximum versatility and serious income potential. Located at 1871 State Hwy 132 in Natalia, this fully furnished and updated property features 8 total rental units, offering the freedom to operate as short-term rentals, long-term rentals, or a hybrid of both. The unit mix includes: 2 two-bedroom / one-bath units 2 one-bedroom / one-bath apartments 4 studio apartments Every unit comes fully furnished and refreshed, making this a true turnkey asset ready for immediate operation. Adding even more value, the property includes an on-site workshop, opening the door for storage, maintenance, creative workspace, or business use. This setup is ideal for an investor seeking eight separate income streams or an owner-operator who wants the option to live on site while managing the property. Property can also be sold with MLS #1939623 located next door as one transaction. That property includes one commercial business use space plus two adorable cottages for additional rental income.
Features of 1871 State Highway 132
| MLS® # | 1939647 |
|---|---|
| Price | $849,999 |
| Number Of Units | 8 |
| Acres | 0.00 |
| Year Built | 1951 |
| Type | Commercial |
| Sub-Type | Apartments |
| Status | Active |
Community Information
| Address | 1871 State Highway 132 |
|---|---|
| City | Natalia |
| County | Medina |
| State | TX |
| Zip Code | 78059 |
Multi-Unit Information
| Gross Income | $129,600 |
|---|---|
| Net Operating Income | $108,167 |
Amenities
| Amenities | Outside Storage |
|---|---|
| Utilities | Electricity, Water, Sewer |
| Parking Spaces | 11 |
Interior
| Heating | Individual Meters, Other |
|---|---|
| Cooling | Wall, Other |
| # of Stories | 2.0 |
| Stories | 2 |
Exterior
| Roof | Metal |
|---|---|
| Construction | Brick, Stone, Stucco, Rock/Stone Veneer |
| Foundation | Slab |
School Information
| District | Natalia |
|---|
Additional Information
| Date Listed | February 6th, 2026 |
|---|---|
| Days on Market | 157 |
| Zoning | NA |
| Short Sale | No |
| Cap Rate | 12.73 |
| Gross Rent Multiplier | 6.56 |
| Estimated Taxes | $7,545 |
Listing Details
| Agent | Nikki Moore |
|---|---|
| Office | TriPoint Realty LLC |
| Contact Info | (512) 529-6680 |
