Bandera Multi-Family Properties for Sale

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Newest Bandera Multi-Family Homes for Sale

$1,498,000

1991102 MLS ⋅ ACTIVE Status

Rare investment opportunity! This income-producing property features four duplexes situated on approximately 5 acres, offering both immediate cash flow and significant future upside. With roughly 2 additional acres ready for development, investors have the potential to expand and add more units. Infrastructure is already in place with water and electricity available to support future construction, helping reduce development costs and timelines. Located just 7 minutes from downtown Bandera, this property offers the perfect balance of convenience and country living. Situated outside the city limits, owners can enjoy fewer restrictions and the potential benefits of lower property taxes while remaining close to shopping, dining, schools, and entertainment. The property offers a unique combination of current rental income and long-term growth potential, making it ideal for investors, developers, or those seeking to build a larger multifamily portfolio. Whether you're looking for consistent cash flow today or expansion opportunities tomorrow, this property delivers exceptional value and flexibility.

182 Joiner Dr, Bandera

$590,000

1972064 MLS ⋅ ACTIVE Status

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.

686 State Highway 173, Bandera

$469,900

1941213 MLS ⋅ ACTIVE Status

Rare Cash Flowing Hill Country Investment Opportunity: Medina River RV Park and Camping. Secure a turnkey, cash-flowing property on the Medina River between San Antonio and Bandera. This meticulously maintained park features 16 full-hookup 20/30/50-amp RV sites and 2 tent sites, with ample space to add at least 6 more RV sites for immediate expansion. The property currently operates at a strong 9.37% cap rate with a projected 18.25% pro-forma upside achievable through simple operational adjustments like online bookings, rate optimization, and accepting short-term guests (no capital expenditure required as the infrastructure is already in place for growth). The park offers an incredible utility moat including dual water sources with both city water and a private well, 6 metered electrical poles, high-speed fiber internet, and 6 permitted conventional septic systems designed for high capacity. Guest-centric amenities include on-site laundry, shower and restroom facilities, a park office with storage, covered RV and boat storage, and exclusive riverfront park access. Strategically designed for remote management, the property boasts extra-wide sites, mature trees for natural privacy, fencing, concrete pads, covered pavilions, and a park-owned security system. Ideally located for a diverse mix of short-term vacationers and long-term residents, this park offers the perfect combination of buy-and-hold stability and massive value-add potential. Capitalize on the untapped revenue streams of this high-performing Hill Country property. Schedule your tour today!

605 Lakeshore Ln, Bandera

$200,000

1940930 MLS ⋅ ACTIVE Status

This income-producing cabins near the heart of Bandera, surrounded by beautiful Hill Country views and close to a creek and Medina Lake. The property features two units, each with 1 bedroom and 1 bathroom, for a total of 2 bedrooms and 2 bathrooms, with each side currently renting for $1,100 per month. One unit is already rented, providing immediate income, while the other offers flexibility for owner occupancy or additional rental potential. The property may be purchased separately or together with 289 Chaparral, making it a versatile and attractive option for investors seeking a strong rental opportunity in a desirable area.

297 Chaparral Dr, Bandera

$198,000

1940929 MLS ⋅ ACTIVE Status

Located in the gated Enchanted River Estates near the heart of Bandera, this duplex-style property at 289 Chaparral offers an exceptional investment opportunity with stunning Hill Country views. Nestled between the Medina River and a nearby creek, the property features two units, each offering 2 bedrooms and 1 bathroom, for a total of 1,344 square feet. Both sides rent for $1,175 per month, providing a total potential income of $2,350, with one side already rented and the other ready for occupancy. High ceilings and beautiful laminate flooring enhance the interior appeal, while a durable metal roof adds long-term stability and peace of mind. The strong rental market in the area, along with Airbnb potential, makes this an ideal opportunity for investors or owner-occupants looking to live in one unit while renting the other-all within a scenic, gated community close to Bandera amenities.

289 Chaparral Dr, Bandera

$475,000

1938615 MLS ⋅ ACTIVE Status

Great new construction duplex's in Bandera, just off the main street. Easy walk to the courthouse and all the shops and restaurants. Directly across the street from Bandera Middle School. This duplex has separate water and electric meters. The units have all stainless steel kitchen appliances packages and include a refrigerator in addition to the stove, microwave, and dishwasher. Nice granite countertops in kitchen and baths, large living area, both bedrooms upstairs Each unit has a two spaces parking pad in front. Floor Plan in Documents

600A 10th, Bandera

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IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.  The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. 

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