1 / 2Value-add
$675,000
5-Unit Multifamily in Mcallen, TX
TX · listed Jun 18, 2025 (497 days)
Price per unit compared
This property$135K
Within ~40 mi (199)$81K
Texas median (1,196)$92K
- $/unit
- $135,000
- ▲ 47% vs TX · 71st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 5
- 2 bldg · 1973
Financials
- Asking price
- $675,000
- Price per unit
- $135,000
- Price per sq ft
- $168
- 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
- 5
- Unit mix
- Not stated
- Buildings
- 2
- Year built
- 1973
- Building size
- 4,008 sq ft
- Avg unit size
- 802 sq ft
- Lot size
- 0.24 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 18, 2025
- Days on market
- 497 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1160
About this property
Renovated 5 unit apartment complex in Historic Palm District!! On the corner of 15th St. and Ebony in prime downtown location of McAllen!! The Seller has invested in many upgrades and improvements including but not limited to electrical, exterior stucco refinish and paint, new a/c mini splits on each apartment. Water/Trash included in the rent. There is a potential to raise rents in all units. Rent roll available.
Multifamily | 5 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Mcallen, TXOwner financingHigh yieldVacant | $700K | $88K$88K | 8.8% |
 Mcallen, TX▼ 8% cut | $1.79M | $50K$50K | — |
| Mcallen, TX Owner financingHigh yieldStabilized | $650K | $81K$81K | 12.2%gy |
 Mcallen, TXStabilized | $379K | $63K$63K | 7.7% |
 Mcallen, TXHigh yieldStabilized | $449K | $90K$90K | 12.4% |
 Alton, TXStabilized | $700K | $100K$100K | 11.3%gy |