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613 S 12th Street, McAllen, TX 78501

McAllen
Local realty services provided by:CENTURY 21 Johnston Company
613 S 12th Street,McAllen, TX 78501
$389,000
  • - Beds
  • - Baths
  • 3,343 sq. ft.
  • Multi-family
  • Active
Listed by: erasmo arjona
Office: re/max elite
MLS#:501268
Source:TX_GMAR

Price summary

  • Price:$389,000
  • Price per sq. ft.:$116.36

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.

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Home facts

  • Year built:1971
  • Listing ID #:501268
  • Added:70 day(s) ago
  • Updated:May 10, 2026 at 03:08 PM

Rooms and interior

  • Flooring:Tile
  • Kitchen Description:Electric Water Heater, Refrigerator, Stove/Range
  • Living area:3,343 sq. ft.

Heating and cooling

  • Cooling:Central Air, Window Unit(s)
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1971
  • Building area:3,343 sq. ft.
  • Lot Features:Alley, Curb & Gutters, Mature Trees, Sidewalks
  • Construction Materials:Block, Siding
  • Exterior Features:Alley, Chain Link, Curb & Gutters, Mature Trees, Sidewalks
  • Foundation Description:Slab

Schools

  • High school:McAllen H.S.
  • Middle school:Travis
  • Elementary school:Fields

Utilities

  • Water:Electric Water Heater
  • Sewer:City Sewer

Finances and disclosures

  • Price:$389,000
  • Price per sq. ft.:$116.36
  • Tax amount:$7,689

Features and amenities

  • Appliances:Refrigerator, Stove/Range
  • Amenities:Curbs, Sidewalks, Street Lights

Parking

  • Parking description:Detached, Garage Faces Rear, Other Garage or Carport

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