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31569862
31569863

613 S 12th St, McAllen, TX 78501 For Sale

EA
TX 751604
RE/MAX Elite
Listed by RE/MAX Elite
$389,000
102 days on market
Updated 102 days ago

613 McAllen Apts

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,343
Units 6
Cap Rate 7.70%
Occupancy 100%
Price per SqFt $116
Broker Co-Op Yes
Year Built 1971
Buildings 2
Stories 2
Lot Size (SqFt) 7,000

Multifamily | 6 Units | Prime Location | Downtown McAllen

Marketing description

Prime investment opportunity in the heart of Downtown McAllen. This fully occupied 6-unit multifamily property delivers strong, stable income and an estimated 7.7% cap rate at the current asking price. Located in the desirable 78501 zip code, this property sits just minutes from 10th St and Expressway 83, offering excellent accessibility for tenants and consistent rental demand. Units are well-maintained, leased, and ideal for long-term cash flow. Downtown McAllen continues to grow with nearby shopping, restaurants, City Hall, and major employment centers, making this a reliable addition to any portfolio. Whether expanding your holdings or entering the multifamily sector, this property provides immediate income, strong fundamentals, and unbeatable location convenience. Don’t miss this rare opportunity in one of McAllen’s most sought-after rental corridors.

Listing Contacts

EA
TX 751604
RE/MAX Elite
Listed by RE/MAX Elite

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Additional Information

Name
Erasmo Arjona
License
751604
Brokerage
RE/MAX Elite
Brokerage Phone
(956) 583-2100
Brokerage Address
2575 East Griffin Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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