1 / 1924-Unit Multifamily in La Feria, TX
Cameron County, TX · listed Aug 13, 2026 (76 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Mercedes, TX | $1.2M | $71K$71K | — |
Harlingen, TXNew construction | $3.2M | $133K$133K | — |
Harlingen, TXValue-add | $1.15M | $64K$64K | — |
Weslaco, TXHigh yieldNew construction | $1.55M | $97K$97K | 10.2% |
| Weslaco, TX Owner financing | $1.4M | $70K$70K | — |
Harlingen, TXStabilized | $813K | $136K$136K | 8.4%gy |




