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408 E Ulex Avenue, McAllen, TX 78504

Local realty services provided by:CENTURY 21 Johnston Company
408 E Ulex Avenue,McAllen, TX 78504
$1,200,000
  • - Beds
  • - Baths
  • 10,376 sq. ft.
  • Multi-family
  • Active
Listed by: norma elizondo
Office: red door real estate services
MLS#:485865
Source:TX_GMAR

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$115.65

About this home

Exceptional investment opportunity in the heart of McAllen! This well-maintained 12-plex located at 408 Ulex Ave is the perfect addition to any investor’s portfolio. Each unit offers comfortable living spaces and is designed for easy maintenance and consistent rental income. The property is located in a high-demand rental area, close to shopping centers, schools, restaurants, and major roadways—making it ideal for long-term tenants. The complex features a solid rental history and water is included, simplifying management and reducing tenant turnover. With McAllen’s growing rental market and strong economic stability, this property offers the potential for excellent cash flow and appreciation. Whether you’re a seasoned investor or just starting out, this 12-unit property presents a rare opportunity to own a multi-family complex in one of the Valley’s most desirable areas.

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Home facts

  • Year built:2000
  • Listing ID #:485865
  • Added:101 day(s) ago
  • Updated:February 10, 2026 at 04:59 PM

Rooms and interior

  • Living area:10,376 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Shingle
  • Year built:2000
  • Building area:10,376 sq. ft.
  • Lot area:0.6 Acres

Schools

  • High school:Memorial H.S.
  • Middle school:Cathey
  • Elementary school:Gonzalez

Utilities

  • Water:Water Heater (Other Location)
  • Sewer:City Sewer

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$115.65
  • Tax amount:$21,188

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