Advertise
    Penitas, TX
    Apartment Building

    Penitas, TX Apartment Buildings for Sale

    Notify Me
    List
    Map
    La Joya, TX Mission, TX Palmview, TX Sullivan City, TX Edinburg, TX Palmhurst, TX Mcallen, TX Alton, TX
    Well-Maintained 6-Plex in Penitas, TX
    Updated: Oct 4, 2024
    Well-Maintained 6-Plex in Penitas, TX

    18202 Washington Palm Drive, Penitas, TX 78576

    $410,000
    4,536 sqft
    Generates $4,500 of monthly income.
    Fully occupied 6‑plex.
    New roof.
    2 Bed 1 Bath units.
    Built in 2004.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    18202 Washington Palm Drive, Penitas, TX 78576

    View Property Analytics

    • Est. Cap Rate

      8.9%
      Above avg (5.9%)

    • Est. NOI

      $37K
      Annual

    • Mortgage

      $186K
      Dec 2019

    • Property Type

      Apartment House
      Built 2004
    View Property Analytics
    Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 1 Active listings in Penitas, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 14 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.

    Mission, TX Multifamily Investment
    Mission, TX Multifamily Investment

    3000 E Coby Drive, Mission, TX 78574

    $975,000
    8,391 sqft 1.01 AC lot

    12-unit apartment complex on a 1-acre corner lot.

    View details
    North La Homa Apartment Building
    North La Homa Apartment Building

    5020 La Homa Road, Mission, TX 78574

    $550,000
    7,113 sqft

    For sale multifamily with nine 2-bed, 1-bath units and separate electric and water metering for each unit.

    View details
    Six-Unit Multifamily Property
    Six-Unit Multifamily Property

    100 W 6th St, La Joya, TX 78572

    $269,900
    3,640 sqft 0.30 AC lot

    Six rental units totaling 3,640 SF are on a 12,948 SF lot near Expressway 83.

    View details
    La Joya Multifamily Investment
    La Joya Multifamily Investment

    225-233 W 4th Street, La Joya, TX 78560

    $520,000
    6,092 sqft

    Six-unit multifamily investment property in La Joya, Texas.

    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.

    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
    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
    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

    View details

    Off-Market Properties in Penitas, TX

    Consider similar Off-Market properties in Penitas, 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.

    1905 Ash St
    APARTMENT HOUSE (5+ UNITS)

    1905 Ash St, Penitas, TX 78576-2002

    Value Estimation by Request
    5,807 sqft 0.57 AC lot
    View details
    Cedar St
    APARTMENT HOUSE (5+ UNITS)

    Cedar St, Penitas, TX 78576

    Value Estimation by Request
    5,916 sqft 0.78 AC lot
    View details
    Penitas, TX 78576
    APARTMENT HOUSE (5+ UNITS)

    Penitas, TX 78576

    Value Estimation by Request
    5,178 sqft 0.57 AC lot
    View details
    Penitas, TX 78576
    APARTMENT HOUSE (5+ UNITS)

    Penitas, TX 78576

    Value Estimation by Request
    4,564 sqft 0.57 AC lot
    View details
    17712 Salida Del Sol St
    APARTMENT HOUSE (5+ UNITS)

    17712 Salida Del Sol St, Penitas, TX 78576-8485

    Value Estimation by Request
    7,124 sqft 2.33 AC lot
    View details
    17709 Date Palm Dr
    APARTMENT HOUSE (5+ UNITS)

    17709 Date Palm Dr, Penitas, TX 78576-8583

    Value Estimation by Request
    4,536 sqft 0.50 AC lot
    View details
    Cindy Ave
    APARTMENT HOUSE (5+ UNITS)

    Cindy Ave, Penitas, TX 78576

    Value Estimation by Request
    1,650 sqft 0.22 AC lot
    View details
    Cindy St
    APARTMENT HOUSE (5+ UNITS)

    Cindy St, Penitas, TX 78576

    Value Estimation by Request
    4,404 sqft 0.22 AC lot
    View details
    18202 Washington Palm Dr
    APARTMENT HOUSE (5+ UNITS)

    18202 Washington Palm Dr, Penitas, TX 78576-8577

    Value Estimation by Request
    4,536 sqft 0.50 AC lot
    View details
    18318 El Conejo Dr
    APARTMENT HOUSE (5+ UNITS)

    18318 El Conejo Dr, Penitas, TX 78576-8481

    Value Estimation by Request
    4,264 sqft 0.65 AC lot
    View details
    1905 Mile 3rd Rd
    APARTMENT HOUSE (5+ UNITS)

    1905 Mile 3rd Rd, Penitas, TX 78576-2007

    $730,000
    Estimated value
    9,104 sqft 1.15 AC lot
    View details
    Penitas, TX 78576
    APARTMENT HOUSE (5+ UNITS)

    Penitas, TX 78576

    Value Estimation by Request
    4,374 sqft 0.50 AC lot
    View details
    1902 Dogwood St
    Multifamily properties

    1902 Dogwood St, Penitas, TX 78576

    Value Estimation by Request
    View details
    1502 Diamond Ave
    Multifamily properties

    1502 Diamond Ave, Penitas, TX 78576

    Value Estimation by Request
    1.01 AC lot
    View details

    Penitas, TX Apartment Buildings Market Trends and Statistics

    Explore 15 apartment buildings for sale in Penitas, TX on our real estate platform. These investment opportunities span a total of 4,536 square feet of properties for sale, with an estimated market value of $410,000.

    Sale prices for two-family homes in Penitas, TX start at $410,000, averaging $410,000, and reaching up to $410,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Demographics Overview

    Population 14K
    Population Growth (5Y) +26.7%
    Median Household Income $48,205
    College Educated 8.6%

    Taxes & Financing

    Tax Rate (average for all types) 2.50%
    Property Tax per SF $63.66 per SF
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hidalgo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hidalgo County

    Retail

    Office

    Residential Income

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Apartment buildings for Sale Near Penitas, TX

    Popular Searches in Penitas, TX

    Popular Categories

    Most Searched ZIP Codes in Penitas, TX

    • 78576

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!