About 1491 Katy Drive
Excellent investment opportunity in Eagle Pass! This fully occupied 6-unit apartment complex offers immediate income potential in a convenient, centrally located area. Each unit features approximately 900 square feet of living space with 2 bedrooms and 1 bathroom, along with an open-concept living, dining, and kitchen area. All units are equipped with central air conditioning and heating. Tenants are responsible for all utilities, helping simplify operating expenses for the owner. With all six units currently occupied, this property presents an attractive opportunity for investors looking to add an established multifamily property to their portfolio.
Features of 1491 Katy Drive
| MLS® # | 2014269 |
|---|---|
| Price | $649,000 |
| Number Of Units | 6 |
| Square Footage | 5,416 |
| Acres | 0.28 |
| Year Built | 1998 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | New |
Community Information
| Address | 1491 Katy Drive |
|---|---|
| Subdivision | CARTHAGE PLACE |
| City | Eagle Pass |
| County | Maverick |
| State | TX |
| Zip Code | 78852 |
Multi-Unit Information
| Gross Annual Income | $57,300 |
|---|---|
| Net Operating Income | $50,350 |
| Annual Operating Expense | $6,950 |
| Operating Expense Includes | Taxes |
Unit 1 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | YES |
| Rent | $800 |
| Occupied | YES |
| Includes | Oven/Stove, Washer Connection, Dryer Connection, Refrigerator |
Unit 2 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | YES |
| Rent | $800 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator, Washer Connection, Dryer Connection |
Unit 3 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | YES |
| Rent | $800 |
| Occupied | YES |
| Includes | Dryer Connection, Oven/Stove, Refrigerator, Washer Connection |
Unit 4 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $775 |
| Occupied | YES |
| Includes | Dryer Connection, Oven/Stove, Refrigerator, Washer Connection |
Unit 5 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 2 |
| Parking Type | Pad |
| Handicap Access | NO |
| Rent | $800 |
| Occupied | YES |
| Includes | Dryer Connection, Oven/Stove, Refrigerator, Washer Connection |
Unit 6 Information
| Parking Type | Pad |
|---|---|
| Includes | Dryer Connection, Oven/Stove, Refrigerator, Washer Connection |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Central |
|---|---|
| Cooling | One Central |
| Has Basement | No |
Exterior
| Exterior | Brick, Siding |
|---|---|
| Exterior Features | Cable TV Available |
| Roof | Composition |
| Construction | Pre-Owned |
| Foundation | Slab |
School Information
| District | Eagle Pass ISD |
|---|---|
| Elementary | San Luis |
| Middle | Memorial |
| High | C.C. Winn |
Additional Information
| Date Listed | September 4th, 2026 |
|---|---|
| Days on Market | 1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 7.76 |
| Gross Rent Multiplier | 11.33 |
| Estimated Taxes | $9,839 |
Listing Details
| Agent | Matthew Gary |
|---|---|
| Office | Keller Williams Laredo |
| Contact Info | (830) 776-3692 |