Modern Triplex with Three Leased
For Sale
$455,000
2208 Galveston Avenue, McAllen, TX 78501
MULTI_FAMILY - McAllen, TX
Property Size3,024 SF
Lot Size0.16 Acres
Price / SF$150.46
Days on Market38
Property Features for 2208 Galveston Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Patio and Porch features
Porch, Patio
Fencing
Chain Link
Appliances
Electric Water Heater, Microwave, Refrigerator, Stove/Range-Electric Smooth
Subdivision
West Addition To Mcallen
Lot features
Alley, Curb & Gutters, Sprinkler System
Elementary school
Thigpen-Zavala
Middle school
Travis
High school
McAllen H.S.
Elementary school district
McAllen ISD
Middle school district
McAllen ISD
High school district
McAllen ISD
Directions
From the intersection of Expressway 83 & 23rd St., head north on 23rd St. Continue driving until you reach Galveston Ave., then turn right and head east. Your destination will be on the left-hand side, on the north side of the street.
Standard status
Active
APN
W240000006002200
Size
3,024 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7214
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
3
Building materials
Stucco
Roof type
Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Jose L. Aguilar
(956) 624-1891
Added: Jun 23
Changed: Jul 29
Last Checked: Jul 30 at 5:06PM
MLS# 491092
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.
Built in 2023, this modern triplex offers three identical units, each with three bedrooms and two bathrooms and 1,008 square feet of living space. The interiors include quartz counters in the kitchens and baths, a tiled backsplash, tiled shower walls, ceiling fans, and tiled flooring throughout. Each unit is equipped with kitchen appliances including a refrigerator, stove, and microwave, and every unit has its own separate utility meters.
The property is located at 2208 Galveston Avenue in McAllen, Texas 78501. Parking is provided both at the front and the rear of the triplex, and there is convenient alley access.
All three units are currently leased, creating immediate rental income for an investor or owner-occupant. The configuration also supports flexible occupancy, whether you choose to live in one unit while leasing the others or keep all three units under tenancy. Separate metering and dedicated off-street parking arrangements add day-to-day practicality for tenant management and operations.
The property is located at 2208 Galveston Avenue in McAllen, Texas 78501. Parking is provided both at the front and the rear of the triplex, and there is convenient alley access.
All three units are currently leased, creating immediate rental income for an investor or owner-occupant. The configuration also supports flexible occupancy, whether you choose to live in one unit while leasing the others or keep all three units under tenancy. Separate metering and dedicated off-street parking arrangements add day-to-day practicality for tenant management and operations.
Key Highlights
- Triplex built in 2023 with 3 identical units, each offering 3 bedrooms and 2 baths
- Each unit has 1,008 SF of living space for 3,024 total SF, with tiled flooring, tiled shower walls, and ceiling fans
- Kitchens feature quartz counters and include refrigerator, electric smooth‑top stove/range, and microwave
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 | $41.7k | $13.80 |
| − Vacancy | −$2.7k | −$0.89 |
| EGI | $39.0k | $12.91 |
| − OpEx | −$11.7k | −$3.87 |
| NOI | $27.3k | $9.04 |
3,024 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.4K
$341.6K – $455.4K
NOI $27,325 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$358.7K
$313.9K – $418.5K
NOI $25,112 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$821.1K
$718.5K – $958.0K
NOI $57,480 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,447
Businesses Nearby
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Newer triplex in McAllen featuring three separate, leased 3-bed/2-bath homes with individual utility meters.
Where is this triplex located?
The property is located at 2208 Galveston Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Triplex built in 2023 with 3 identical units, each offering 3 bedrooms and 2 baths; Each unit has 1,008 SF of living space for 3,024 total SF, with tiled flooring, tiled shower walls, and ceiling fans; Kitchens feature quartz counters and include refrigerator, electric smooth‑top stove/range, and microwave
