Fully Occupied 5-Unit
302 Papalote Road Rio Grande City, TX 78582
302 Papalote Road, Rio Grande City, TX, 78582
$429,000
For Sale
$429,000
COMMERCIAL - Rio Grande City, TX
Property Size4,650 SF
Lot Size0.01 Acres
Price / SF$92.26
Days on Market10
Property Features for 302 Papalote Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 12
- Parking features
- Special Needs
- Patio and Porch features
- Patio
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 119500000004200000000
- Size
- 4,650 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8108
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Building materials
- Stucco
- Roof type
- Shingle
Listing Agency
BIG Realty
(956) 465-0011
4847 S Jackson Rd., Pharr, TX
Listed by
Kenneth De La Cerda
(956) 416-5055
Added: Jul 7 Checked: Jul 16 at 10:06 pm
MLS# 505385
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 for-sale multifamily property consists of five fully occupied residential units. Each unit includes two bedrooms and two bathrooms, creating a consistent layout across the building. The property is described as well-maintained, with current occupancy in place.
Located at 302 Papalote Road in Rio Grande City, the complex is positioned for everyday convenience. Public remarks note proximity to schools, shopping, dining, and major roadways, which can support tenant access to routine services and travel routes.
For investors and owner-operators, the key practical feature is that the building is already fully occupied, providing immediate rental occupancy rather than a value-add conversion plan. The uniform unit mix of 2 bed/2 bath can also simplify leasing and operations by offering tenants a straightforward, repeatable floorplan. As a result, this property may appeal to buyers looking for a compact, income-producing multifamily asset within a residential income category.
Located at 302 Papalote Road in Rio Grande City, the complex is positioned for everyday convenience. Public remarks note proximity to schools, shopping, dining, and major roadways, which can support tenant access to routine services and travel routes.
For investors and owner-operators, the key practical feature is that the building is already fully occupied, providing immediate rental occupancy rather than a value-add conversion plan. The uniform unit mix of 2 bed/2 bath can also simplify leasing and operations by offering tenants a straightforward, repeatable floorplan. As a result, this property may appeal to buyers looking for a compact, income-producing multifamily asset within a residential income category.
Key Highlights
- Fully occupied 5‑unit multifamily property providing immediate rental income.
- Each unit features 2 bedrooms and 2 bathrooms.
- Convenient location near schools, shopping, dining, and major roadways.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully occupied five-unit property with 2-bedroom, 2-bath units, designed for comfortable, functional tenant living.
Where is this apartment building located?
The property is located at 302 Papalote Road Rio Grande City, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Fully occupied 5‑unit multifamily property providing immediate rental income.; Each unit features 2 bedrooms and 2 bathrooms.; Convenient location near schools, shopping, dining, and major roadways.
