MULTIFAMILYRADAR
8-Unit Multifamily in Mcallen, TX, photo 1
Owner financingHigh yieldVacant
$700,000

8-Unit Multifamily in Mcallen, TX

TX · listed Jul 12, 2026 (108 days)

Price per unit compared
This property$88K
Within ~40 mi (199)$81K
Texas median (1,196)$92K
$/unit
$87,500
▼ 5% vs TX · 46th pct
Cap rate
8.8%
▲ 1.4 pts vs TX median
Gross yield
—
 
Units
8
 

Financials

Asking price
$700,000
Price per unit
$87,500
Price per sq ft
$94
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
8.8%
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
8
Unit mix
8 x 2/2 units
Buildings
Not stated
Year built
Not stated
Building size
7,440 sq ft
Avg unit size
930 sq ft
Lot size
Not stated
Condition
Vacant

Deal terms

Owner financing
Available

Listing

Listed
Jul 12, 2026
Days on market
108 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1038

About this property

(address on request) presents an attractive multifamily investment opportunity in a highly convenient McAllen location. This recently remodeled, eight-unit property is positioned just minutes from La Plaza Mall, Interstate 2, and the city's expanding medical district, placing residents near major employers, hospitals, shopping, dining, and essential services.

The property is currently vacant, giving a new owner the valuable opportunity to lease each unit with brand-new tenants of their choosing. Investors can establish their own screening standards, lease terms, rental rates, deposit requirements, and management procedures without inheriting below-market leases or existing tenant complications.

Recent renovations help reduce the need for significant upfront improvements and allow ownership to focus immediately on marketing, leasing, and stabilizing the property. With eight separate units, the asset offers diversified rental income while remaining manageable for a local investor or professional property-management company.

Its central location should appeal to a wide range of prospective tenants, including healthcare workers, young professionals, service-industry employees, and residents seeking easy access to central McAllen and the expressway.

(address on request) offers a compelling combination of location, recent improvements, and lease-up potential. For an investor seeking a renovated multifamily property with the ability to build a fresh tenant base and create value through occupancy and professional management, this property is a strong opportunity worthy of consideration.

Multifamily | 8 Units | $87,500/unit

Highlights

  • Strong 8.8% Pro Forma Cap Rate
  • Competitive asking price
  • 8 x 2/2 units
  • Units have been remodeled
  • Prime Location By: La Plaza Mall, McAllen Medical, Expressway 2
  • Seller financing considered!

Location

Approximate area. The exact address is shared on request.

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