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    8-Plex Apartment Building
    Updated: May 4
    8-Plex Apartment Building

    121 MELON DR., Los Fresnos, TX 78566

    $599,400
    5,760 sqft 1.38 AC lot
    Package of four duplexes sold together as an 8‑plex; fully occupied for current income
    Unit mix: each duplex has 2 bed/1 bath on one side and 3 bed/1 bath on the other
    Gross monthly income listed as $6,295
    1984 build with tile flooring
    Central heating with ductless, zoned, central air cooling
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    This listing looks promising.

    Here's a quick look at some key insights for

    121 MELON DR., LOS FRESNOS, TX 78566

    View Property Analytics

    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $623K
      Above asking
    View Property Analytics
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Los Fresnos, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Harlingen Multifamily Investment Opportunity
    Harlingen Multifamily Investment Opportunity

    630 W Taft Avenue, Harlingen, TX 78550

    $1,150,000
    11,924 sqft 0.41 AC lot

    18-unit apartment community in central Harlingen, Texas.

    View details
    Large Acreage Apartment Community
    Large Acreage Apartment Community

    3055 EL PASO RD, Brownsville, TX 78520

    $7,999,999
    38,800 sqft 11.31 AC lot

    Apartment community on a public utilities site with all existing units occupied and separate water and electric metering.

    View details
    30-Unit Apartment Community
    30-Unit Apartment Community

    1801 Atrium Drive, Harlingen, TX 78550

    $5,020,000
    32,164 sqft 3.34 AC lot

    For sale 30-unit apartment community on Atrium Drive in Harlingen, Texas.

    View details
    Multi-Building Income Portfolio
    Multi-Building Income Portfolio

    3724 BOCA CHICA BLVD., Brownsville, TX 78521

    $950,000
    8,200 sqft

    Five commercial buildings with five retail spaces and seven 2-bedroom apartments generating income.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

    View details
    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

    View details
    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

    View details
    Retail-Zoned Development Land Opportunity
    Retail-Zoned Development Land Opportunity

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

    View details

    Off-Market Properties in Los Fresnos, TX

    Consider similar Off-Market properties in Los Fresnos, TX. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    00 Whipple Rd
    Multifamily properties

    00 Whipple Rd, Los Fresnos, TX 78566

    Value Estimation by Request
    22.57 AC lot
    View details

    Los Fresnos, TX Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Los Fresnos, TX on our real estate platform. These investment opportunities span a total of 5,760 square feet of properties for sale, with an estimated market value of $599,400.

    Sale prices for two-family homes in Los Fresnos, TX average $599,400 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 25K
    Population Growth (5Y) +36.6%
    Median Household Income $64,385
    College Educated 26.8%

    High-Yield Neighborhoods for Investment

    Identify Los Fresnos submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    78566 $599.4K

    Taxes & Financing

    Tax Rate (average for all types) 1.85%
    Property Tax per SF $43.56 per SF
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cameron County

    New Delisted

    Total CRE Inventory on Market (SF)

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