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40-Unit Apartment Property
For Sale
$3,360,000

1214 Cornerstone Loop, Rio Grande City, TX 78582

Residential Income, Rio Grande City, TX

Property Size40,432 SF
Lot Size2.72 Acres
Price / SF$83.10
Days on Market205

Property Features for 1214 Cornerstone Loop

General Information

Property type Residential Multi Family
Property subtype Other
Parking 80
Parking features None
Appliances Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision Trophy Plex
Lot features Mature Trees, Sidewalks
Elementary school Ramirez
Middle school Rio Hondo Junior High
High school Rio Grande City H.S.
Elementary school district Rio Grande ISD
Middle school district Rio Grande ISD
High school district Rio Grande ISD
Directions Take Hwy 83 to Rio Grande, turn south on Trophy St, go past Dr. Mario Ramirez Elementary, turn west on Cornerstone Loop.
Standard status Active
APN 172800000202200000000 (+ multiple GEO IDS)
Size 40,432 SF
Lot size 2.72 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 78822

Utilities

Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 2007
Floors in Building 1
Number of units 40
Building materials Brick
Roof type Shingle
Listing Agency: Keller Williams Realty RGV
Listed By: Jaime Lee Gonzalez · License #713189
Added: Feb 13 Changed: Sep 4 Last Checked: Sep 6 at 8:06AM
MLS# 494702

Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This apartment property contains 40 residential units spread across 10 subdivision lots, with a total property size of 40,432 square feet on 2.7158 acres. The unit mix includes 27 two-bedroom, one-bath residences and 13 three-bedroom, two-bath residences, with each unit measuring approximately 1,103 square feet. Built in 2007, the property features brick construction, shingle roofing, central heating, central air, and public water. Appliances include electric water heaters, refrigerators, stoves/ranges, washers, and dryers.

The property is located at 1214 Cornerstone Loop in Rio Grande City, Texas, near Cedarwood Dr. Access to Hwy 83, municipal offices, shopping, and dining is noted from the site. Parking features are listed as none.

Key Highlights

  • 40 residential units across 10 subdivision lots
  • Unit mix includes 27 2BD/1BA units and 13 3BD/2BA units
  • Each unit offers approximately 1,103 square feet of living space

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon Dental Office Butcher Nail Salon Skin Care Clinic Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

40
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby

Demographics for 78582, TX

43,253
Population
14,743
Households
2.9
Avg Household Size
31
Median Age
13%
College-Educated
61%
High-School Grad
565.3 sq mi
ZIP Area
77
Density / Sq Mi
$41,452
Median Household Income
$23,855
Median Earnings
$738
Median Rent
$102,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick multifamily property with varied two- and three-bedroom layouts, central heating and cooling, and public water service.
Where is this apartment building located?
The property is located at 1214 Cornerstone Loop Rio Grande City, TX.
What is the asking price?
The asking price for this property is $3,360,000.
What are key features of this property?
This property features: 40 residential units across 10 subdivision lots; Unit mix includes 27 2BD/1BA units and 13 3BD/2BA units; Each unit offers approximately 1,103 square feet of living space
More about this property
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