Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    600 S Canal St La Feria, TX 78559

    View on Map
    Sponsored
    For Sale
    $250,000

    MULTI_FAMILY - La Feria, TX

    Property size:
    1,640 SF
    Lot size:
    1.13 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 6 at 1:06 pm

    Property Features for 600 S Canal St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    8529400220040100
    Parking
    6
    Parking features
    Garage
    Exterior features
    Mature Trees
    Appliances
    Electric Water Heater, Refrigerator, Stove/Range
    Size
    1,640 SF
    Lot size
    1.13 Acres

    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

    We can help!

    Listing Contact
    Marvelia Monroy

    RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV (956) 566-8377

    Listing agent Marvelia Monroy (956) 650-5215

    Listing date Mar 6, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Income-Producing Triplex on Large Lot

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Feria
    County
    Cameron
    State
    Texas
    Longitude
    -97.828687
    Latitude
    26.15298

    Nearby Similar for Sale

    • $395,000
      4,474 SF

      Turnkey Restaurant in La Feria

      Fully equipped restaurant for sale in downtown La Feria, TX.
      900 S Main St, La Feria, TX 78559
      View Details
    • $360,000
      10.01 Acres

      Texas Ranch Ready to Enjoy

      10-acre ranch in La Feria, Texas, ready to enjoy.
      23713 Rabb Rd, La Feria, TX 78559
      View Details
    • $2,150,000
      19,372 SF

      Multifamily Investment Opportunity in La Feria

      Well-maintained multifamily property with strong occupancy rate in La Feria.
      300 Cub Cir, La Feria, TX 78559
      View Details
    • $2,100,000
      15,744 SF

      New Multifamily Community in La Feria

      New 16-unit multifamily property built in 2022 in La Feria.
      405 Lion's Villa Ave, La Feria, TX 78559
      View Details
    • $600,000
      2,800 SF

      Multifamily Property in La Feria, TX

      Multifamily property featuring a home, apartments, and RV pads.
      24529 Fm 506, La Feria, TX 78559
      View Details
    • $200,000
      Pending

      La Feria Multifamily Investment Property

      Multifamily property featuring a duplex, mobile home, apartment, and camper.
      13973 Pomegranite Ln, La Feria, TX 78559
      View Details
    • $704,000
      51.92 Acres

      Unrestricted Acres in La Feria, TX

      51.915 acres perfect for estate, subdivision, or agriculture.
      W Cantu Rd, La Feria, TX 78593
      View Details
    • $210,000

      La Feria Commercial Building - $210K

      High-traffic location, motivated seller.
      320 Us Highway 83, La Feria, TX 78559
      View Details
    • $685,000

      La Feria Office & Apartment Complex

      Prime Texas Investment Opportunity: Office & Apartments
      24529 Fm 506, La Feria, TX 78559
      View Details
    • $2,250,000

      La Feria Multifamily Investment

      20-Unit Apartment Complex, High Occupancy
      200-300 Cub Cir, La Feria, TX 78559
      View Details
    • $269,900

      La Feria Duplex: Prime Investment

      Charming 2-unit duplex, new construction.
      2114 Vly Cir, La Feria, TX 78559
      View Details
    • $89,900

      4.307 Acres Commercial Land, Santa Rosa, TX

      Prime Texas Land: Endless Development Potential
      0 4.307 Acres Parker Rd, La Feria, TX 78559
      View Details

    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 St 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.
    (956) 650-5215
    Request Owner's contact information
    600 S Canal St La Feria, TX 78559
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 S Canal St
    La Feria, TX 78559
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    600 S Canal St La Feria, TX 78559
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Marvelia Monroy
    Real Estate License ID: 0736310
    (956) 650-5215 (956) 423-8877
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!