613 S 12th Street, Mcallen, TX 78501
- $379,000
- 3,343
- SqFt
- List Price
- $379,000
- Price Change
- ▼ $10,000 1785028137
- Status
- ACTIVE
- MLS#
- 501268
- Living Area
- 3,343
- Lot Size (Acres)
- 0.1607
- Year Built
- 1971
Property Description
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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Additional Information
- Area
- Mcallen
- Subdivision
- Mcallen Addition
- Taxes
- $7,689
- Stories
- 2
- Interior Features
- Other
- Amenities
- Curbs, Other, Sidewalks, Street Lights
- Exterior Features
- Other
- Heating
- Central
- Cooling
- Central Air, Window Unit(s)
- Sewer
- City Sewer
- School District
- McAllen ISD
- Elementary School
- Fields
- Middle School
- Travis
- High School
- McAllen H.S.
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Listing courtesy of Erasmo Arjona with Re/Max Elite