613 12th Street

McAllen, TX 78501

$379,000

Beds: N/A
Baths: N/A
Square feet: 3,343
Lot: 0.16 acres
Year built: 1971
Type: Multi-family
Status: For Sale
MLS #: 501268

Mortgage estimate

$2,811/ month

20% down, 30 years, 6.5% rate. Includes estimated taxes and insurance.

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Estimates only, not a loan offer. Actual taxes, insurance, financing and closing costs vary.

About this home

Prime investment opportunity in the heart of Downtown McAllen. This fully occupied 6-unit multifamily property delivers strong, stable income with nearly $4,000/month in rents 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.

Features

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