3-Unit Triplex with
For Sale
$240,000
600 S Canal Street, La Feria, TX 78559
Residential Income, La Feria, TX
Property Size1,640 SF
Lot Size1.13 Acres
Price / SF$146.34
Days on Market182
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
Subdivision
La Feria Land & Irrigation Co
Lot features
Irregular Lot, Mature Trees
Elementary school
Dominguez
Middle school
Green Junior High
High school
La Feria H.S.
Elementary school district
La Feria ISD
Middle school district
La Feria ISD
High school district
La Feria ISD
Directions
From higway business 83, turn south on Canal, drive south about 6 blocks and the property will be on your right hand side between the church and the middle school.
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
Amenities
coin-operated laundry facility
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 15
Changed: Sep 29
Last Checked: Oct 13 at 4:06PM
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 1,640-square-foot triplex contains three individual one-bedroom, one-bath units within a single building. Built in 1980, the property has brick and siding construction, composition roofing, window-unit cooling, electric water heating, refrigerators, and stove/ranges. A coin-operated laundry facility serves residents, while the garage provides an additional enclosed improvement. The 1.13-acre site also includes ample parking and mature trees.
Located at 600 S Canal Street in La Feria, Texas, the property is within walking distance of stores, restaurants, schools, and a church. Public water service supports the property, and the unit configuration provides a clearly defined multifamily layout.
Located at 600 S Canal Street in La Feria, Texas, the property is within walking distance of stores, restaurants, schools, and a church. Public water service supports the property, and the unit configuration provides a clearly defined multifamily layout.
Key Highlights
- Three individual 1‑bed/1‑bath units in one building
- 1,640‑square‑foot triplex on 1.13 acres
- Coin‑operated laundry facility for residents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,530
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,600
$270.6K
Cap Rate 7%
$193,286
$193.3K
Cap Rate 9%
$150,333
$150.3K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$20.7K $12.60/SF
− Vacancy
−$1.3K −$0.81/SF
EGI
$19.3K $11.79/SF
− OpEx
−$5.8K −$3.54/SF
NOI
$13.5K $8.25/SF
Area
Cameron County, TX
Vacancy
6.46%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,600
Cap Rate 7%
$193,286
Cap Rate 9%
$150,333
Alternative Uses
Best Use
Multifamily LT 5
$193.3K
$169.1K – $225.5K
NOI $13,530 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$177.3K
$155.1K – $206.8K
NOI $12,408 @ 7.0% cap · market cap 5.17%
Theoretical Best
Healthcare Medical
$282.4K
$247.1K – $329.5K
NOI $19,767 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 78559, TX
12,533
Population
5,047
Households
2.5
Avg Household Size
37
Median Age
14%
College-Educated
72%
High-School Grad
36.3 sq mi
ZIP Area
345
Density / Sq Mi
$48,117
Median Household Income
$31,927
Median Earnings
$985
Median Rent
$99,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Brick-and-siding property includes resident laundry, a garage, mature trees, and public water service.
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 $240,000.
What are key features of this property?
This property features: Three individual 1‑bed/1‑bath units in one building; 1,640‑square‑foot triplex on 1.13 acres; Coin‑operated laundry facility for residents
