2501 Hibiscus Avenue, McAllen, TX 78501

Local realty services provided by:CENTURY 21 Johnston Company
2501 Hibiscus Avenue,McAllen, TX 78501
$3,200,000
  • - Beds
  • - Baths
  • 27,136 sq. ft.
  • Multi-family
  • Active
Listed by: allen lozano
Office: big realty
MLS#:487276
Source:TX_GMAR

Price summary

  • Price:$3,200,000
  • Price per sq. ft.:$117.92

About this home

Welcome to Paseo Del Sol apartment complex! Premier investment opportunity in the center of McAllen. This well-maintained 32-unit, two-story apartment community offers durable full-brick construction and paved covered parking encircling the property for added convenience and longevity. Each residence features a desirable 2-bedroom, 1-bathroom layout, consistently attracting long-term tenants and supporting strong operational performance. Currently 97% occupied, the asset reflects exceptional rental demand and a proven history of minimal vacancy. Its prime location places residents minutes from McAllen’s major retail corridors, entertainment districts, medical facilities, and key employment hubs further enhancing stability and future appreciation potential. With opportunities for rent optimization or interior value-add improvements, this property presents a compelling addition to a growing multifamily portfolio in one of South Texas’ most resilient markets.

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Home facts

  • Year built:1994
  • Listing ID #:487276
  • Added:28 day(s) ago
  • Updated:December 17, 2025 at 08:24 PM

Rooms and interior

  • Living area:27,136 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air, Electric
  • Heating:Central, Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1994
  • Building area:27,136 sq. ft.
  • Lot area:1.75 Acres

Schools

  • High school:McAllen H.S.
  • Middle school:De Leon
  • Elementary school:McAuliffe

Utilities

  • Water:Electric Water Heater, Public Water, Water Heater (Other Location)
  • Sewer:City Sewer

Finances and disclosures

  • Price:$3,200,000
  • Price per sq. ft.:$117.92
  • Tax amount:$41,397