8-Unit Multifamily
For Sale
$1,900,000
4901 Buddy Owens Boulevard, McAllen, TX 78504
COMMERCIAL - McAllen, TX
Property Size7,931 SF
Lot Size8.70 Acres
Price / SF$239.57
Days on Market280
Property Features for 4901 Buddy Owens Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
28
Appliances
Electric Water Heater, Tankless Water Heater
Subdivision
John H Shary
Lot features
Office Complex
Directions
Drive North on Taylor Rd. Turn East (right) on Buddy Owens Blvd and the property will be on the south (right) side.
Standard status
Active
APN
281768
Size
7,931 SF
Lot size
8.70 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8385
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1985
Floors in Building
2
Building materials
Block, Stucco, Wood Siding
Roof type
Metal, Flat
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jalyssa Garza
(956) 655-2191
Added: Oct 29, 2025
Changed: Aug 3
Last Checked: Aug 4 at 7:06AM
MLS# 484077
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 8.7-acre property is offered as three connecting parcels and includes an 8-unit multifamily complex. The site also features two commercial offices with existing tenants, creating multiple revenue streams under one ownership platform.
The property has dual frontage on Buddy Owens Blvd and Taylor Rd, providing access and visibility from two directions. It is located in McAllen, TX within Hidalgo County.
Improvements include a building constructed with block, stucco, and wood siding, with a metal and flat roof. Heating is electric with central heating, and cooling is electric central air. In-unit amenities include electric and tankless water heaters, with the property dating to 1985.
The property has dual frontage on Buddy Owens Blvd and Taylor Rd, providing access and visibility from two directions. It is located in McAllen, TX within Hidalgo County.
Improvements include a building constructed with block, stucco, and wood siding, with a metal and flat roof. Heating is electric with central heating, and cooling is electric central air. In-unit amenities include electric and tankless water heaters, with the property dating to 1985.
Key Highlights
- 8.7‑acre site consisting of 3 connecting parcels
- Dual frontage on Buddy Owens Blvd and Taylor Rd
- Includes an 8‑unit multifamily complex
Financial Insights For Office B
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 | $166.6k | $21.00 |
| − Vacancy | −$25.0k | −$3.15 |
| EGI | $141.6k | $17.85 |
| − OpEx | −$35.4k | −$4.46 |
| NOI | $106.2k | $13.39 |
7,931 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,176 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$940.9K
$823.3K – $1.10M
NOI $65,860 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,752 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
8
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 8.7-acre multifamily offering with dual frontage on Buddy Owens Blvd and Taylor Rd, plus two commercial office tenants.
Where is this apartment building located?
The property is located at 4901 Buddy Owens Boulevard McAllen, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 8.7‑acre site consisting of 3 connecting parcels; Dual frontage on Buddy Owens Blvd and Taylor Rd; Includes an 8‑unit multifamily complex
