Income-Producing Triplex on Large
600 S Canal Street La Feria, TX 78559
600 S Canal Street, La Feria, TX, 78559
$250,000
For Sale
$250,000
MULTI_FAMILY - La Feria, TX
Property Size1,640 SF
Lot Size1.13 Acres
Price / SF$152.44
Days on Market100
Property Features for 600 S Canal Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 6
- Parking features
- Garage
- Exterior features
- Mature Trees
- Appliances
- Electric Water Heater, Refrigerator, Stove/Range
- Standard status
- Active
- APN
- 8529400220040100
- Size
- 1,640 SF
- Lot size
- 1.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7009
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Brick, Siding
- Roof type
- Composition
Listing agency
Keller Williams Realty RGV
(956) 928-1155
Listed by
Marvelia Monroy · License #0736310
(956) 650-5215
Added: Apr 14 Updated: Apr 15 at 9:30AM Checked: Jul 22 at 11:06PM
MLS# 488544
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 income-producing investment property is located in La Feria, Texas. Situated on a 1.13-acre lot, the property includes one building containing three individual units, each with one bedroom and one bathroom. The combined monthly income from these units is $2,150. Additional income potential exists through a coin-operated laundry facility for residents and a garage unit that could be rented. The property is conveniently located within walking distance of stores, restaurants, schools, and a church. Ample parking is available, and mature trees enhance the environment for tenants. The building size is 1640 square feet.
Key Highlights
- High‑income producing investment property with $2,150 monthly income.
- Potential for additional income through coin‑operated laundry and garage rental.
- Three individual 1‑bed/1‑bath units.
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 | $20.7k | $12.60 |
| − Vacancy | −$1.3k | −$0.81 |
| EGI | $19.3k | $11.79 |
| − OpEx | −$5.8k | −$3.54 |
| NOI | $13.5k | $8.25 |
1,640 SF · lease $12.60/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$193.3K
$169.1K – $225.5K
NOI $13,530 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$177.3K
$155.1K – $206.8K
NOI $12,408 @ 7.0% cap · market cap 4.96%
Theoretical Best
Healthcare Medical
$282.4K
$247.1K – $329.5K
NOI $19,767 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - La Feria triplex with income potential on 1.13 acres.
Where is this triplex located?
The property is located at 600 S Canal Street La Feria, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: High‑income producing investment property with $2,150 monthly income.; Potential for additional income through coin‑operated laundry and garage rental.; Three individual 1‑bed/1‑bath units.
