16-Unit Multifamily in Mcallen, TX
TX · listed Sep 22, 2026 (36 days)
- $/unit
- $112,500
- ▲ 22% vs TX · 63rd pct
- Cap rate
- —
- Gross yield
- 9.8%
- Units
- 16
- 2 bldg · 1980
Financials
- Asking price
- $1,800,000
- Price per unit
- $112,500
- Price per sq ft
- $112
- Gross rent / year
- $177,060
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 9.8%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- fifteen 2-bedroom, 2-bath units and one 1-bedroom, 1-bath unit
- Buildings
- 2
- Year built
- 1980
- Building size
- 16,068 sq ft
- Avg unit size
- 1,004 sq ft
- Lot size
- 0.53 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 22, 2026
- Days on market
- 36 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1380
About this property
Investment opportunity featuring a 16-unit multifamily asset with strong existing income and additional upside potential. The property consists of fifteen 2-bedroom, 2-bath units and one 1-bedroom, 1-bath unit. Six remodeled units lease for $985+ per month, nine units lease for $900+, and the 1-bedroom unit leases for $725. Reported gross rental income is $14,755 per month, or $177,060 annually, excluding laundromat revenue. Tenants pay their own electricity, while ownership covers water. Recent capital improvements include new asphalt, siding, roofs on both buildings, and fresh exterior paint, reducing near-term capital exposure. A newly remodeled on-site laundromat provides tenant convenience and an additional income stream. This income-producing asset offers immediate cash flow with further upside through continued interior renovations, rental growth, and ancillary income.
Multifamily | 16 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Mcallen, TX▼ 1% cutStabilized | $1.66M | $104K$104K | — |
 Mcallen, TX▼ 19% cutNew construction | $2.4M | $200K$200K | — |
 Mcallen, TX | $1.13M | $94K$94K | — |
 Mcallen, TX | $1.2M | $150K$150K | — |
 Mcallen, TXValue-add | $799K | $80K$80K | — |
 Mcallen, TX▼ 3% cutValue-add | $799K | $80K$80K | — |