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32611877
32611872

732 West Alice Avenue, Kingsville, TX 78363

CP
TX 769776
W.C. Miller Properties
WM
TX 461375
W.C. Miller Properties
Listed by W.C. Miller Properties
$500,000
43 days on market
Updated 37 days ago

732 West Alice Avenue, Kingsville, TX, 78363

Details
Property Type Multifamily
Square Footage 4,172
Units 6
Occupancy 50%
Pro-Forma Cap Rate 7%
Pro-Forma NOI $35,000
Price per SqFt $120
Class B
Year Built 1965
Year Renovated 2022
Buildings 2
Lot Size (SqFt) 7,000
Zoning R3
Ground Lease No
Sale Condition For sale by owner

6 Units Across the Street From TAMUK Campus

Marketing description

This recently renovated 6-unit residential property features a combination of one duplex and one quadplex, offering investors diversified unit layouts and strong income potential in a growing rental market.

The property has undergone extensive renovations, providing updated interiors and improved curb appeal while reducing near-term maintenance concerns for a new owner. Several units are already occupied, creating immediate cash flow with additional upside through lease-up of remaining vacancies.

Situated on a centrally located site with convenient access to Texas A&M University-Kingsville, local employers, retail, and major thoroughfares, this property is well-positioned to attract long-term tenants and steady rental demand.

Property Highlights:

6 Total Residential Units

One Duplex + One Quadplex Configuration

Recently Renovated Interiors & Exterior Improvements

Partial Occupancy Provides Immediate Income

Opportunity to Increase Cash Flow Through Lease-Up

Strong Rental Demand in Kingsville Market

Ideal for Investors Seeking Stabilized + Value-Add Potential

Convenient Access to Shopping, Employment & TAMUK

Whether you are looking to expand your multifamily portfolio or enter the investment market with a manageable asset, 732 W Alice Ave presents an excellent opportunity to acquire a renovated income-producing property with upside remaining.

Investment highlights

Across the street from Texas A&M University, Kingsville. A one block walk to a roughly 7,000 student campus creates a captive, renewable tenant base and supports above-market rent per square foot for the submarket.

Six units across two buildings on one parcel. One fourplex plus one duplex on the same tax record.

Recently renovated units. Updated flooring (no carpet), modern finishes, fresh paint, and updated appliances, with central air conditioning on the fourplex, materially lowers near-term capital expenditure risk for an incoming owner.

Three demand drivers, one location. Texas A&M University Kingsville (across the street), Naval Air Station Kingsville (5.2 miles), and CHRISTUS Spohn Hospital Kleberg (3.7 miles), insulating occupancy from single-employer risk.

Listing Contacts

CP
TX 769776
W.C. Miller Properties
WM
TX 461375
W.C. Miller Properties
Listed by W.C. Miller Properties

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Zoning

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R1 ResidentialSingle FamilySingle Family District 1
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Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Chris Parreira
License
769776
Brokerage
W.C. Miller Properties
Brokerage Phone
8307085700
Title
Associate Broker
Brokerage Address
302 West Cross Street
Name
Wes Miller
License
461375
Brokerage
W.C. Miller Properties
Brokerage Phone
8303876013
Title
Owner Broker
Brokerage Address
302 West Cross Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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