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164 W Us Highway 83 Highway, Rio Grande City, TX 78582

Rio Grande City
Local realty services provided by:CENTURY 21 Johnston Company
164 W Us Highway 83 Highway,Rio Grande City, TX 78582
$299,000
  • - Beds
  • - Baths
  • 4,437 sq. ft.
  • Multi-family
  • Active
Listed by: antonio garza
Office: coldwell banker commercial rio grande valley
MLS#:509418
Source:TX_GMAR

Price summary

  • Price:$299,000
  • Price per sq. ft.:$67.39

About this home

Exceptional income-producing multifamily investment opportunity in Rio Grande City, TX. The property includes eight (8) apartment units and one (1) detached pier-and-beam single-family residence across three building structures. Apartment improvements consist of seven (7) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit, plus a 3-bedroom/1-bath home. Currently 100% occupied with established tenants, the property offers immediate cash flow and value-add potential. Situated on approximately 0.50 acres with 214 feet of frontage along Old US Hwy 83, the property offers future upside through rental growth, operational efficiencies, or site improvements (subject to applicable approvals). Seller-provided financials indicate an approximate 13% capitalization rate. Conveniently located near the Rio Grande City Medical Corridor, UTRGV Starr County Campus, South Texas College, shopping, dining, schools, and major employers.

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Home facts

  • Year built:1995
  • Listing ID #:509418
  • Added:1 day(s) ago
  • Updated:July 21, 2026 at 12:38 AM

Rooms and interior

  • Flooring:Tile
  • Kitchen Description:Electric Cooktop, Electric Water Heater, Refrigerator, Stove/Range
  • Living area:4,437 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric, Window Unit(s)
  • Heating:Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1995
  • Building area:4,437 sq. ft.
  • Lot Features:Irregular Lot
  • Construction Materials:Block, Brick, Stucco
  • Exterior Features:Covered Patio, Decorative Metal, Patio Slab
  • Foundation Description:Slab

Schools

  • High school:Rio Grande City H.S.
  • Middle school:Veterans
  • Elementary school:Roque-Guerra

Utilities

  • Water:Electric Water Heater, Public Water
  • Sewer:City Sewer

Finances and disclosures

  • Price:$299,000
  • Price per sq. ft.:$67.39
  • Tax amount:$6,261

Features and amenities

  • Appliances:Refrigerator, Stove/Range
  • Laundry features:Washer/Dryer Connection

Parking

  • Parking description:Detached, Other Garage or Carport

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