About 686 State Highway 173
Excellent investment opportunity in the growing town of Bandera! This bank-owned property features 6 income-producing units with prime highway frontage and outstanding visibility. Generate immediate cash flow while exploring future development potential. Ideal for investors, owner-users, storage units, retail, office space, or other commercial ventures. Endless possibilities with income already in place.
Features of 686 State Highway 173
| MLS® # | 1972064 |
|---|---|
| Price | $590,000 |
| Number Of Units | 7 |
| Square Footage | 3,472 |
| Acres | 0.45 |
| Year Built | 2003 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | One Story |
| Status | Active |
Community Information
| Address | 686 State Highway 173 |
|---|---|
| Subdivision | N/A |
| City | Bandera |
| County | Bandera |
| State | TX |
| Zip Code | 78003 |
Multi-Unit Information
| Gross Annual Income | $109,800 |
|---|---|
| Net Operating Income | $97,800 |
| Annual Operating Expense | $12,000 |
| Operating Expense Includes | Taxes, Insurance, Maintenance, Management, All Utilities |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | NO |
| Includes | Other |
Unit 2 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | NO |
| Includes | Other |
Unit 3 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | NO |
| Includes | Other |
Unit 4 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | NO |
| Includes | Other |
Unit 5 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,100 |
| Occupied | YES |
| Includes | Other |
Unit 6 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 2 |
| Parking Spaces | 1 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $1,800 |
| Occupied | YES |
| Includes | Other |
Unit 7 Information
| Parking Type | Pad |
|---|---|
| Includes | Other |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central, Heat Pump |
|---|---|
| Cooling | Multi-Unit Central, Unit Central, Window/Wall, One Central, One Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Siding, Aluminum |
|---|---|
| Exterior Features | Special Yard Lights, Hot Tub, Common Utility Room |
| Roof | Metal |
| Foundation | Other |
School Information
| District | Bandera Isd |
|---|---|
| Elementary | Alkek |
| Middle | Bandera |
| High | Bandera |
Additional Information
| Date Listed | June 2nd, 2026 |
|---|---|
| Days on Market | 100 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 16.58 |
| Gross Rent Multiplier | 5.37 |
| Estimated Taxes | $8,888 |
Listing Details
| Agent | Robert Saenz |
|---|---|
| Office | Xsellence Realty |
| Contact Info | (210) 592-4285 |