MULTIFAMILYRADAR
6-Unit Multifamily in Mcallen, TX, photo 11 / 2
Stabilized
$379,000

6-Unit Multifamily in Mcallen, TX

TX · listed Apr 8, 2026 (203 days)

Price per unit compared
This property$63K
Within ~40 mi (199)$82K
Texas median (1,196)$92K
$/unit
$63,167
▼ 31% vs TX · 24th pct
Cap rate
7.7%
▲ 0.3 pts vs TX median
Gross yield
—
 
Units
6
2 bldg · 1971

Financials

Asking price
$379,000
Price per unit
$63,167
Price per sq ft
$113
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
7.7%
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
6
Unit mix
Not stated
Buildings
2
Year built
1971
Building size
3,343 sq ft
Avg unit size
557 sq ft
Lot size
0.16 acres
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Apr 8, 2026
Days on market
203 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1257

About this property

Prime investment opportunity in the heart of Downtown McAllen. This fully occupied 6-unit multifamily property delivers strong, stable income with nearly $4,000/month in rents and an estimated 7.7% cap rate at the current asking price. Located in the desirable 78501 zip code, this property sits just minutes from 10th St and Expressway 83, offering excellent accessibility for tenants and consistent rental demand. Units are well-maintained, leased, and ideal for long-term cash flow. Downtown McAllen continues to grow with nearby shopping, restaurants, City Hall, and major employment centers, making this a reliable addition to any portfolio. Whether expanding your holdings or entering the multifamily sector, this property provides immediate income, strong fundamentals, and unbeatable location convenience. Don’t miss this rare opportunity in one of McAllen’s most sought-after rental corridors.

Multifamily | 6 Units | Prime Location | Downtown McAllen

Location

Approximate area. The exact address is shared on request.

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