High yieldValue-add
$399,000
6-Unit Multifamily in Mcallen, TX
TX · listed Sep 22, 2026 (36 days)
Price per unit compared
This property$67K
Within ~40 mi (199)$82K
Texas median (1,196)$92K
- $/unit
- $66,500
- ▼ 28% vs TX · 28th pct
- Cap rate
- —
- Gross yield
- 13.5%
- Units
- 6
- 2 bldg · 1983
Financials
- Asking price
- $399,000
- Price per unit
- $66,500
- Price per sq ft
- $95
- Gross rent / year
- $54,000avg rent × units
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 13.5%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- six spacious one-bedroom, one-bath units
- Buildings
- 2
- Year built
- 1983
- Building size
- 4,200 sq ft
- Avg unit size
- 700 sq ft
- Lot size
- 0.22 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 22, 2026
- Days on market
- 36 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1358
About this property
Investment opportunity featuring six spacious one-bedroom, one-bath units at (address on request) in McAllen. The property consists of two three-unit buildings with approximately 700 square feet per unit. Five units are currently occupied, with one vacant unit available for showings. At an estimated market rent of $750 per unit, the property offers potential gross income of approximately $4,500 per month. Conveniently located near schools, shopping, dining and major roadways. An excellent opportunity to acquire an income-producing multifamily property with value-add potential.
Multifamily | 6 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Mcallen, TX High yieldValue-add | $399K | $67K$67K | 13.5%gy |
 Mcallen, TX | $1.2M | $150K$150K | — |
 Mcallen, TX▼ 4% cut | $2.4M | $200K$200K | — |
| Mcallen, TX Owner financing | $700K | $88K$88K | — |
 Mcallen, TX | $1.44M | $90K$90K | — |
| Mcallen, TX Owner financingHigh yieldStabilized | $650K | $81K$81K | 12.2%gy |