40-Unit Multifamily in Rio Grande City, TX

TX · listed Feb 13, 2026 (257 days)

Price per unit compared

This property$84K

Within ~40 mi (124)$86K

Texas median (1,029)$100K

$/unit: $84,000; ▼ 16% vs TX · 36th pct
Cap rate: —
Gross yield: —
Units: 40; 40 bldg · 2007

Financials

Asking price: $3,360,000
Price per unit: $84,000
Price per sq ft: $83
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: 40
Unit mix: 27 2BD/1BA units and 13 3BD/2BA units
Buildings: 40
Year built: 2007
Building size: 40,432 sq ft
Avg unit size: 1,011 sq ft
Lot size: 2.72 acres
Condition: Not stated

Deal terms

Owner financing: Not stated

Listing

Listed: Feb 13, 2026
Days on market: 257 days
On MultifamilyRadar: Oct 28, 2026
Last price change: Not stated
Location: Approximate (~0.5 mi)
Listing #: 1774

About this property

Large-scale multifamily investment opportunity featuring 40 residential units distributed across 10 subdivision lots in Rio Grande City. The well-balanced unit mix includes 27 2BD/1BA units and 13 3BD/2BA units, each offering approximately 1,103 square feet of living space. Located on Cornerstone Loop and Cedarwood Dr it has convenient access to Hwy 83, municipal offices, shopping, and dining supports tenant appeal and occupancy stability. A compelling opportunity for investors seeking immediate scale and long-term appreciation potential.

Multifamily | 40 Units

Location

Approximate area. The exact address is shared on request.

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