417 N 28th Street, McAllen, TX 78501
MULTI_FAMILY - McAllen, TX
- Added:
- Jul 2, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 4 at 5:06 pm
Property Features for 417 N 28th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage, Carport
- Exterior features
- Mature Trees
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
- Standard status
- Active
- APN
- A230000000003200
- Size
- 6,486 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9628
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1994
- Floors in Building
- 2
- Number of units
- 8
- Building materials
- Brick, Frame/Wood
- Roof type
- Shingle
Listing agent Romayeo (Ronnie) R. Esparza License #0609166 (956) 433-9557
Listing office Realty Executives RGV 902 Orange Avenue, Ste A, McAllen, TX (956) 971-8989
Listing date Jul 2, 2026
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.
HighLights
- 8 two‑story units in a brick/frame complex; each unit has 2 bedrooms and 1.5 baths
- Year built 1994
- Central electric heat with central air conditioning
- Appliances included: electric water heater, refrigerator, stove/range (electric coil), washer and dryer
- Parking includes a garage and carport; mature trees on the exterior
- Public water; shingle roof
Overview
The address is 417 N 28th Street in McAllen, Texas (Hidalgo County). Public remarks note the complex is located blocks from South Texas College and the McAllen convention center, offering convenient access to local destinations.
This configuration can suit buyers seeking a straightforward, repeatable unit mix within a compact multifamily. With all units sharing the same bedroom and bathroom count, the building’s operating profile may be simpler to manage than properties with multiple unit types. The property is offered for sale at $699,000.
Local Financial Insights For Apartment 5plus
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 | $105.1k | $16.20 |
| − Vacancy | −$7.1k | −$1.10 |
| EGI | $97.9k | $15.10 |
| − OpEx | −$44.1k | −$6.79 |
| NOI | $53.9k | $8.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.25196
- Latitude
- 26.210766
