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The Sidney Baker Luxury Apartments 1407 Sidney Baker St 60 Unit Apartment Building $18,675,764 CAD ($311,263 CAD/Unit) 5.17% Cap Rate Kerrville, TX 78028

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EXECUTIVE SUMMARY

Introducing The Sidney Baker Luxury Apartments, a premier multifamily investment opportunity in the heart of the Texas Hill Country. Located at 1407 Sidney Baker Street in Kerrville, this luxury-branded community offers a rare combination of high visibility, strong tenancy, and lifestyle appeal, positioned directly off one of Kerrville’s busiest commercial corridors. According to TxDOT, Sidney Baker Street (SH-16) averages approximately 15,000–21,000 vehicles per day, offering unmatched exposure for future ownership and signage opportunities.The property maintains an impressive 95%–100% occupancy rate, a testament to its strong management and consistent tenant demand. Comprised of spacious 1-bed/1-bath, 2-bed/2-bath, and 3-bed/2-bath units ranging from 900 sq ft to 1,399 sq ft, each residence features open-concept layouts, premium finishes, and private patios or balconies. Residents enjoy resort-style amenities, including a sparkling community pool, controlled-access entry, beautifully landscaped common areas, and plentiful parking throughout the gated property. Perfectly positioned along Sidney Baker Street, this asset offers quick access to major employers, retail centers, and healthcare hubs, while backing up directly to the Scott Schreiner Municipal Golf Course, providing serene views and a distinctive competitive advantage within the Kerrville rental market.With historically stable performance, minimal turnover, and future rent-growth potential, The Sidney Baker presents a strong addition to any investor’s portfolio. This is a turn-key, income-producing asset with proven returns and long-term appreciation potential, an exceptional opportunity to acquire a luxury multifamily property with premier frontage, top-tier tenancy, and timeless Hill Country appeal.

PROPERTY FACTS

Price $18,675,764 CAD
Price Per Unit $311,263 CAD
Sale Type Investment
Cap Rate 5.17%
No. Units 60
Property Type Multifamily
Property Subtype Apartment
Building Class A
Lot Size 3.20 AC
Building Size 72,000 SF
Average Occupancy 97%
No. Stories 2
Year Built 2018
Zoning C2

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Storage Space
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Crown Molding
  • Granite Countertops
  • High Speed Internet Access
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Views
  • Walk-In Closets
  • Carpet
  • Patio
  • Vinyl Flooring
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • Fitness Center
  • Pool
  • Property Manager on Site
  • Gated
  • Grill
  • Package Service
  • Pet Play Area
  • Wi-Fi
  • Lounge
  • Maintenance on site
  • Pet Washing Station
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 34 $2,089 CAD 1,095
3+2 4 $2,456 CAD 1,399
1+1 22 $1,591 CAD 900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R536311
Land Assessment
$540,128 CAD
Improvements Assessment
$10,365,096 CAD
Total Assessment
$10,905,224 CAD
  • Listing ID: 38106418

  • Date on Market: 2025-10-16

  • Last Updated:

  • Address: 1407 Sidney Baker St, Kerrville, TX 78028

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