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317 N 28th Street, McAllen, TX 78501

McAllen
Local realty services provided by:CENTURY 21 Johnston Company
317 N 28th Street,McAllen, TX 78501
$689,000
  • - Beds
  • - Baths
  • 7,200 sq. ft.
  • Multi-family
  • Active
Listed by: alejandro lopez
Office: capital advisors real estate group
MLS#:504739
Source:TX_GMAR

Price summary

  • Price:$689,000
  • Price per sq. ft.:$95.69

About this home

High-Cashflow 8-Unit Multifamily | Fully Renovated | $80K+ Annual Income Discover this turnkey 8-unit investment property in the heart of McAllen, TX, delivering strong, stable cashflow exceeding $80,000 per year. Each unit offers 2 bedrooms and 1 bathroom, featuring fully renovated interiors with new kitchens, modern flooring, updated showers, and all-new systems throughout — ensuring minimal maintenance and long-term durability. Unit Rents: $850–$975/month Occupancy: 100% leased Parking: 16 dedicated spaces Utilities: Separately metered; tenants pay all utilities The property’s comprehensive exterior and interior renovations give it a clean, modern appeal that attracts and retains quality tenants. With all upgrades complete, this is a true turnkey asset offering immediate income and long-term appreciation potential. Ideal for investors seeking reliable cashflow, strong yield, and hands-off management in a thriving McAllen rental market.

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Home facts

  • Year built:1993
  • Listing ID #:504739
  • Added:97 day(s) ago
  • Updated:August 24, 2026 at 09:53 AM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Electric Water Heater
  • Living area:7,200 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Shingle
  • Year built:1993
  • Building area:7,200 sq. ft.
  • Construction Materials:Frame/Wood
  • Exterior Features:Balcony
  • Foundation Description:Slab

Schools

  • High school:Memorial H.S.
  • Middle school:Travis
  • Elementary school:Alvarez

Utilities

  • Water:Electric Water Heater
  • Sewer:City Sewer

Finances and disclosures

  • Price:$689,000
  • Price per sq. ft.:$95.69
  • Tax amount:$7,983

Features and amenities

  • Laundry features:Laundry Area
  • Amenities:Balcony, Sidewalks, Street Lights

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