6-Unit Multifamily in Mcallen, TX
TX · listed Apr 8, 2026 (203 days)
▼ Reduced 2.7% on Sep 14, 2026, was $740,000
- $/unit
- $120,000
- ▲ 30% vs TX · 66th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 6
- 3 bldg · 2023
Financials
- Asking price
- $720,000
- Price per unit
- $120,000
- Price per sq ft
- $122
- 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
- Not stated
- Buildings
- 3
- Year built
- 2023
- Building size
- 5,901 sq ft
- Avg unit size
- 984 sq ft
- Lot size
- 0.36 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
- Sep 14, 2026: $740K → $720K
- Location
- Approximate (~0.5 mi)
- Listing #
- 1730
About this property
Exceptional income-producing opportunity in North McAllen! This well-constructed sixplex offers strong, diversified cash flow potential in a high-demand rental market. Five long-term rental units, one unit operating as a short-term rental (Airbnb), generating approximately $1,500/month, providing an immediate value-add component and increased revenue flexibility. All units are fully equipped with in-unit washer and dryer, stove, refrigerator, and microwave hood—an attractive feature that supports higher rental rates and tenant retention while minimizing future capital expenditures. Each unit includes a private patio with grass and sprinkler system, enhancing tenant appeal and overall property desirability. Rear alley access with 11 parking spaces ensures ample parking, a key factor for tenant satisfaction and occupancy stability. low maintenance finishes, and strong rental demand in N McAllen, ideal turnkey property with immediate income and long-term appreciation potential.
Multifamily | 6 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| $720K | $72K$72K | 11.7%gy | |
| $665K | $111K$111K | — | |
Stabilized | $525K | $53K$53K | — |
High yieldStabilized | $519K | $65K$65K | 8.6% |
Owner financingStabilized | $420K | $84K$84K | — |
Stabilized | $545K | $68K$68K | 6.1% |