
8-Unit Multifamily in Mcallen, TX
TX · listed Jul 12, 2026 (108 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Stabilized | $700K | $100K$100K | 11.3%gy |
Value-add | $675K | $135K$135K | — |
▼ 8% cut | $1.79M | $50K$50K | — |
Stabilized | $385K | $64K$64K | — |
| Mcallen, TX Owner financingHigh yieldStabilized | $650K | $81K$81K | 12.2%gy |
Stabilized | $379K | $63K$63K | 7.7% |