MULTIFAMILYRADAR
8-Unit Multifamily in Penitas, TX, photo 11 / 17
Stabilized
$599,000

8-Unit Multifamily in Penitas, TX

Hidalgo County, TX · listed Jan 18, 2025 (648 days)

Price per unit compared
This property$75K
Within ~40 mi (146)$85K
Texas median (1,029)$100K
$/unit
$74,875
▼ 25% vs TX · 27th pct
Cap rate
—
 
Gross yield
—
 
Units
8
1 bldg · 2003

Financials

Asking price
$599,000
Price per unit
$74,875
Price per sq ft
$59
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
8
Unit mix
seven spacious 2-bedroom/2-bath units and one 3-bedroom/2-bath unit
Buildings
1
Year built
2003
Building size
10,164 sq ft
Avg unit size
1,271 sq ft
Lot size
1 acres
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Jan 18, 2025
Days on market
648 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
2194

About this property

Attention All Investors! Incredible investment opportunity to own a fully occupied/rented 8-plex listed at $59 per sqft.! Located just north of U.S. 83 (I-2), is a well maintained 8-plex in the thriving area of Penitas, TX, with a proven rental history and steady income generation. This property features seven spacious 2-bedroom/2-bath units and one 3-bedroom/2-bath unit, which are all currently occupied (leased), ensuring immediate cash flow. Conveniently located near major roadways, shopping centers, and dining options, this 8-plex offers both a prime location and exceptional value. Whether you're looking to expand your portfolio or make a solid investment, this property is a growing and excellent location. Hurry and take advantage of this fantastic opportunity before it's gone!

Multifamily | 8 Units

Location

Approximate area. The exact address is shared on request.

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