8-Unit Multifamily in Mcallen, TX
TX · listed Jul 29, 2026 (91 days)
- $/unit
- $81,250
- ▼ 12% vs TX · 40th pct
- Cap rate
- —
- Gross yield
- 12.2%
- Units
- 8
Financials
- Asking price
- $650,000
- Price per unit
- $81,250
- Price per sq ft
- Not stated
- Gross rent / year
- $79,200
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 12.2%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Available
Listing
- Listed
- Jul 29, 2026
- Days on market
- 91 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 2108
About this property
🚨 Rare 8-Unit Investment Opportunity in McAllen! 🏢💰
Properties like this do not come on the market often. This income-producing package includes 8 condominium units being sold together, with 7 of the 8 units currently leased and owner financing available.
📌 Investment Highlights
- 8 Total Units
- Each Unit Features 2 Bedrooms | 2 Bathrooms
- Approximately 902 SqFt Per Unit
- 7,216 Total Living SqFt
- Current Gross Rental Income: $6,600 Per Month
- Annual Gross Income: $79,200
- 7 Units Currently Occupied
- Separate Electric and Water Meters
- Refrigerator and Stove Included
- Tile Flooring
- Washer and Dryer Connections
- Owner Financing Available
- Situated on Approximately 0.52 Acres
✨ Each unit has its own individual condominium designation and legal description, but the seller is offering all eight units together as one investment package.
Located near scenic hike and bike trails, shopping, dining, and major McAllen amenities, this is a great opportunity for an investor looking for immediate rental income with additional upside potential.
💰 Offered at $650,000
📲 Contact me today for more information or to schedule a private showing. Proof of funds or lender pre-approval will be required.
Jose Alberto Lopez III 📞 📧
Brokered by Jade Real Estate LLC
LA: Maggie Harris | Keller Williams Realty RGV
Location
Somewhere in Mcallen. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Mcallen, TXHigh yieldStabilized | $449K | $90K$90K | 12.4% |
 Mcallen, TX | $1.44M | $90K$90K | — |
 Mcallen, TX▼ 3% cut | $675K | $84K$84K | — |
 Mcallen, TXStabilized | $765K | $96K$96K | — |
 Mcallen, TXValue-add | $675K | $135K$135K | — |
| Mcallen, TX Owner financing | $700K | $88K$88K | — |