12-Unit Multifamily in Mcallen, TX
TX · listed Sep 4, 2026 (54 days)
▼ Reduced 18.9% on Oct 12, 2026, was $2,958,170
- $/unit
- $200,000
- ▲ 117% vs TX · 86th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 12
- 12 bldg · 2026
Financials
- Asking price
- $2,400,000
- Price per unit
- $200,000
- Price per sq ft
- $126
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- Not stated
- Buildings
- 12
- Year built
- 2026
- Building size
- 19,000 sq ft
- Avg unit size
- 1,583 sq ft
- Lot size
- 0.18 acres
- Condition
- New construction
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 4, 2026
- Days on market
- 54 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 12, 2026: $2.96M → $2.4M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1650
About this property
Exceptional bulk investment opportunity: 12 brand-new condominiums in gated Sunset Valley! Each unit offers 3 bedrooms, 2 bathrooms, a private patio, stainless-steel stove, refrigerator and microwave hood, upgraded chandeliers, a pantry and dishwasher space. Portfolio offers $240,000 in built-in equity as per sales and appraisal and strong rental potential. Includes two units current model home furniture. Tenants pay water and electricity. HOA covers trash, sprinkler service and grass trimming for accessible areas. Community amenities include courts, pickleball, playground, gated access, BBQ areas and jogging trails. Includes a 6-month builder warranty covering structural components, A/C, electrical systems and roof. Excellent opportunity for a rental portfolio, individual resale or rent-to-own program.
Multifamily | 12 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Mcallen, TXValue-add | $1.8M | $113K$113K | 9.8%gy |
 Mcallen, TX▼ 4% cut | $2.4M | $200K$200K | — |
 Mcallen, TX | $1.2M | $150K$150K | — |
| Mcallen, TX High yieldValue-add | $399K | $67K$67K | 13.5%gy |
 Mcallen, TXHigh yieldValue-add | $399K | $67K$67K | 13.5%gy |
 Mcallen, TX▼ 1% cutStabilized | $1.66M | $104K$104K | — |