MULTIFAMILYRADAR
6-Unit Multifamily in Mcallen, TX, photo 1
New construction
$975,000

6-Unit Multifamily in Mcallen, TX

TX · listed Jul 17, 2026 (103 days)

Price per unit compared
This property$163K
Within ~40 mi (200)$82K
Texas median (1,196)$92K
$/unit
$162,500
▲ 76% vs TX · 81st pct
Cap rate
—
 
Gross yield
—
 
Units
6
2024

Financials

Asking price
$975,000
Price per unit
$162,500
Price per sq ft
$147
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
6
Unit mix
(3) 3-bedroom, 2-bath units and (3) 2-bedroom, 2-bath units
Buildings
Not stated
Year built
2024
Building size
6,639 sq ft
Avg unit size
1,107 sq ft
Lot size
Not stated
Condition
New construction

Deal terms

Owner financing
Not stated

Listing

Listed
Jul 17, 2026
Days on market
103 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1146

About this property

Excellent investment opportunity in McAllen's newest multifamily subdivision, Park Terrace! This modern 6-unit apartment complex is ideally located at the corner of Nolana Avenue and Jackson Road, offering exceptional access to the area's top employers, shopping, and dining. Just 4 minutes from Doctors Hospital at Renaissance, 4 minutes from Expressway 281, and minutes from major retail and entertainment destinations, this property is perfectly positioned for strong rental demand. The property features an ideal unit mix of (3) 3-bedroom, 2-bath units and (3) 2-bedroom, 2-bath units. Each unit includes a refrigerator, stove, and microwave, providing added convenience for tenants. Built just 2 years ago, this newer construction offers modern finishes, low maintenance, and an excellent opportunity for investors seeking a quality, income-producing asset in one of McAllen's fastest-growing areas.

Location

Approximate area. The exact address is shared on request.

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