MULTIFAMILYRADAR
24-Unit Multifamily in La Feria, TX, photo 11 / 19
High yieldValue-add
$1,750,000

24-Unit Multifamily in La Feria, TX

Cameron County, TX · listed Aug 13, 2026 (76 days)

Price per unit compared
This property$73K
Within ~40 mi (166)$88K
Texas median (1,029)$100K
$/unit
$72,917
▼ 27% vs TX · 26th pct
Cap rate
5.2%
▼ 2.1 pts vs TX median
NOI
$91K
$3,808/unit/yr
Units
24
2 bldg · 2001

Financials

Asking price
$1,750,000
Price per unit
$72,917
Price per sq ft
$90
Gross rent / year
$253,000
Net operating income
$91,388
NOI per unit
$3,808
Cap rate
5.2%
Gross yield
14.5%gross rent ÷ price
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
24
Unit mix
Not stated
Buildings
2
Year built
2001
Building size
19,440 sq ft
Avg unit size
810 sq ft
Lot size
3.17 acres
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Aug 13, 2026
Days on market
76 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1302

About this property

Multi-Family apartment complex with space to add more units, available in La Feria TX. Located conveniently off Expressway 83, nestled amongst new developments and established landmarks. These landmarks include eateries, gas stations, convenience stores and educational institutions. This 24 unit complex features two buildings split from each other with 12 units in each building, 6 units on the first floor and the other 6 above it. All units feature 2 bedrooms 1 bathrooms with washer and dryer connections. The second story units are accented with a balcony space perfect to care for plants or enjoy outdoor cooking. The structures themselve sit on 3 acres of land with space to build more units, only increasing your monthly income. Each building has their own designated parking spots with ample space to walk around and enjoy the mature trees that loom over the property providing shade and noise cancellation from the traffic. Ready to be the next investment in someone's portfolio.

Multifamily | 24 Units | With Value Add Opportunity

Highlights

  • Est Year Built: 2001
  • Total # Units: 24
  • # Elec Meters: 25
  • # Water Meters: 25
  • Living SqFt: 19,440
  • # Buildings: 2
  • Outbuilding: Other
  • Garage Spcs: 0.00
  • County: Cameron
  • TaxGEO ID: -001000
  • Base Taxes: $42,737
  • Tax Year: 2025
  • School District: La Feria ISD
  • Elementary Sch: Sam Houston
  • Middle School: W.B. Green
  • High School: La Feria H.S.
  • Subdivision: Camarillo
  • POA/HOA: No Mandatory:
  • Lot Dimensions: IRREGULAR
  • Lot SqFt: 138,085
  • Acreage: 3.17
  • Prop Insurance: 16,800
  • Maintenance: 11,400
  • Other Expenses: 0
  • Gr Oper Income: 253,000

Location

Approximate area. The exact address is shared on request.

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