6-Unit Multifamily in Mcallen, TX
TX · listed Apr 8, 2026 (203 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Value-add | $675K | $135K$135K | — |
Mcallen, TXOwner financing | $700K | $88K$88K | — |
Mcallen, TXOwner financingHigh yieldVacant | $700K | $88K$88K | 8.8% |
Mcallen, TXHigh yieldStabilized | $449K | $90K$90K | 12.4% |
Stabilized | $765K | $96K$96K | — |
Stabilized | $700K | $100K$100K | 11.3%gy |


