8-Unit Multifamily in Rio Grande City, TX

Starr County, TX · listed May 28, 2025 (518 days)

Price per unit compared

This property$49K

Within ~40 mi (120)$86K

Texas median (1,029)$100K

$/unit: $49,250; ▼ 51% vs TX · 4th pct
Cap rate: —
Gross yield: —
Units: 8; 1 bldg · 1990

Financials

Asking price: $394,000
Price per unit: $49,250
Price per sq ft: $77
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: 8
Unit mix: four 2 bedroom/1 bath units and four 1 bedroom/1 bath units
Buildings: 1
Year built: 1990
Building size: 5,146 sq ft
Avg unit size: 643 sq ft
Lot size: 0.13 acres
Condition: Stabilized

Deal terms

Owner financing: Not stated

Listing

Listed: May 28, 2025
Days on market: 518 days
On MultifamilyRadar: Oct 28, 2026
Last price change: Not stated
Location: Approximate (~0.5 mi)
Listing #: 1599

About this property

Great investment opportunity available in Rio Grande City just minutes away from restaurants and shopping. This 8 plex features four 2 bedroom/1 bath units and four 1 bedroom/1 bath units each with their own separate water and electric meter. Tenants pay all utilities. Complex is already generating income with long term tenants on half of the units and the other half as short term on Airbnb.

Multifamily | 8 Units

Location

Approximate area. The exact address is shared on request.

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