5-Unit Multifamily in Mcallen, TX
Hidalgo County, TX · listed May 13, 2026 (168 days)
- $/unit
- $89,800
- ▼ 3% vs TX · 48th pct
- Cap rate
- 12.4%
- ▲ 5.0 pts vs TX median
- NOI
- $56K
- $11,125/unit/yr
- Units
- 5
- 1 bldg · 1971
Financials
- Asking price
- $449,000
- Price per unit
- $89,800
- Price per sq ft
- $123
- Gross rent / year
- $82,563
- Net operating income
- $55,623
- NOI per unit
- $11,125
- Cap rate
- 12.4%
- Gross yield
- 18.4%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 5
- Unit mix
- (4) 2BR/1BA and (1) 1BR/1BA
- Buildings
- 1
- Year built
- 1971
- Building size
- 3,660 sq ft
- Avg unit size
- 732 sq ft
- Lot size
- 0.15 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 13, 2026
- Days on market
- 168 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1428
About this property
A renovated 5-unit short-term rental portfolio in McAllen's Medical Corridor, generating $82,563 in gross revenue and $55,623 NOI on FY 2025 actuals. The property totals 3,660 SF with a unit mix of (4) 2BR/1BA and (1) 1BR/1BA — all turnkey and actively income-producing. Airbnb with 300+ reviews, strong guest demand, and a proven operating history.
At a 32.6% expense ratio this asset is priced well below replacement cost and delivers returns nearly double the Texas multifamily average. Located within 2 miles of Rio Grande Regional Hospital and South Texas Health System, demand is consistent and recurring.
Multifamily | 5 Units | $90,000/unit
Highlights
- 5-unit multifamily short-term rental portfolio totaling 3,660 SF
- Unit mix: four 2BR/1BA units and one 1BR/1BA unit
- Seller-reported FY 2025 NOI of $55,623
- 12.36% cap rate at $450,000 asking price
- $82,563 seller-reported gross revenue
- 32.6% seller-reported operating expense ratio
- Located near McAllen's Medical Corridor
- Near Rio Grande Regional Hospital, South Texas Health System, and La Plaza Mall
- Paved on-site parking
- 1031-exchange friendly investment opportunity
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Mcallen, TXStabilized | $765K | $96K$96K | — |
| Mcallen, TX Owner financingHigh yieldStabilized | $650K | $81K$81K | 12.2%gy |
 Mcallen, TX▼ 3% cut | $675K | $84K$84K | — |
 Mcallen, TXValue-add | $675K | $135K$135K | — |
| Mcallen, TX Owner financing | $700K | $88K$88K | — |
 Mcallen, TXStabilized | $379K | $63K$63K | 7.7% |