1721 N 11TH ST., McAllen, TX 78501
MULTI_FAMILY - MCALLEN, TX
- Added:
- Apr 18, 2026
- Days on Market:
- 64
- Last Refresh:
- Jun 20 at 6:06 am
Property Features for 1721 N 11TH ST.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Garage
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s)
- Exterior features
- Deck/Balcony/Porch
- Appliances
- Range
- Standard status
- Active
- Size
- 2,768 SF
- Lot size
- 0.21 Acres
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl
Listing agent MYSSIE CARDENAS-BARAJAS (956) 802-0217
Listing office MARCUS PHIPPS REAL ESTATE, LLC 1617 E Tyler Suite H, HARLINGEN, TX (956) 423-5300
Listing date Apr 18, 2026
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Converted McAllen property with four 1‑bedroom, 1‑bath efficiency apartments
- Brick veneer building with restored original ebony stained oak flooring and vinyl flooring
- One unit available to tour; three units are currently occupied
- No central air; wall/window unit cooling in place with separate meters
- Kitchen appliances include a range; ceiling fans throughout
- Parking includes a carport and garage; includes a porch and deck/balcony/porch area
Overview
The building has a documented local history, believed to have originally been the annex of the McAllen Hotel, and later relocated to 11th and Redwood before being converted into its current four-unit configuration.
For tenants or buyers seeking a small multi-family asset, the property’s efficiency layouts can support straightforward occupancy management, while separate meters may simplify utility billing. With one unit available to view, prospective owners and brokers can assess the interior condition and finishes firsthand, including the original flooring noted throughout the building.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.2k | $13.80 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $35.7k | $12.91 |
| − OpEx | −$10.7k | −$3.87 |
| NOI | $25.0k | $9.04 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2284997
- Latitude
- 26.2196843
