1 / 2▼ 8% cut
$1,795,000
36-Unit Multifamily in Mcallen, TX
TX · listed Jul 21, 2026 (99 days)
▼ Reduced 7.9% on Sep 28, 2026, was $1,950,000
Price per unit compared
This property$50K
Within ~40 mi (199)$82K
Texas median (1,196)$92K
- $/unit
- $49,861
- ▼ 46% vs TX · 13th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 36
- 5 bldg · 1974
Financials
- Asking price
- $1,795,000
- Price per unit
- $49,861
- Price per sq ft
- $80
- 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
- 36
- Unit mix
- Not stated
- Buildings
- 5
- Year built
- 1974
- Building size
- 22,378 sq ft
- Avg unit size
- 622 sq ft
- Lot size
- 0.93 acres
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 21, 2026
- Days on market
- 99 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Sep 28, 2026: $1.95M → $1.79M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1256
About this property
Amazing investment opportunity with these 36 units located in south McAllen. The property consists of 5 buildings on three corner lots of Jordan Rd. & S. 28th street. The apartments are within a quarter mile walking distance of Escandon, Airport, Palmview & Uvalde city parks, along with Palmview Library & Recreation center. The property has a city bus stop and easy access to the freeway.
Multifamily | 36 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Mcallen, TXValue-add | $675K | $135K$135K | — |
 Mcallen, TX | $1.44M | $90K$90K | — |
 Mcallen, TXOwner financingHigh yieldVacant | $700K | $88K$88K | 8.8% |
 Alton, TXStabilized | $700K | $100K$100K | 11.3%gy |
| Mcallen, TX Owner financingHigh yieldStabilized | $650K | $81K$81K | 12.2%gy |
 Mcallen, TXHigh yieldStabilized | $449K | $90K$90K | 12.4% |