Six-Unit Multifamily
For Sale
$379,000
613 S 12th Street, McAllen, TX 78501
Residential Income, McAllen, TX
Property Size3,343 SF
Lot Size0.16 Acres
Price / SF$113.37
Days on Market121
Property Features for 613 S 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
1
Parking features
Other, Garage
Fencing
Chain Link
Appliances
Electric Water Heater, Refrigerator, Stove/Range
Subdivision
Mcallen Addition
Lot features
Alley, Curb & Gutters, Mature Trees, Sidewalks
Elementary school
Fields
Middle school
Travis
High school
McAllen H.S.
Elementary school district
McAllen ISD
Middle school district
McAllen ISD
High school district
McAllen ISD
Directions
From Expressway North on 10th St, left on Galveston, right on S 12th St. Property will be on your right.
Standard status
Active
APN
M195000050001000
Size
3,343 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7689
Utilities
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1971
Floors in Building
2
Number of units
7
Building materials
Block, Siding
Roof type
Shingle
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Erasmo Arjona
(956) 522-9632
Added: Jun 9
Changed: Sep 14
Last Checked: Oct 7 at 7:06PM
MLS# 501268
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 1971 multifamily property contains six units within 3,343 square feet on a 0.1607-acre parcel. The improvements include block and siding construction, a shingle roof, chain-link fencing, garage parking, central heating, and both central air and window-unit cooling. Appliances include electric water heaters, refrigerators, and stove/range units.
Located at 613 S 12th Street in McAllen, the property carries a 78501 postal code and sits in the Downtown McAllen area. The property is fully occupied, and the source information indicates an estimated 7.7% cap rate. Its location provides access to 10th Street and Expressway 83, with shopping, restaurants, City Hall, and employment centers identified nearby.
Located at 613 S 12th Street in McAllen, the property carries a 78501 postal code and sits in the Downtown McAllen area. The property is fully occupied, and the source information indicates an estimated 7.7% cap rate. Its location provides access to 10th Street and Expressway 83, with shopping, restaurants, City Hall, and employment centers identified nearby.
Key Highlights
- Six‑unit multifamily property with 3,343 square feet
- Built in 1971 on a 0.1607‑acre parcel
- Fully occupied rental property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,761
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,220
$555.2K
Cap Rate 7%
$396,586
$396.6K
Cap Rate 9%
$308,456
$308.5K
Market Conditions
NOI Build-Up for 3,343 SF
Gross rent
$54.2K $16.20/SF
− Vacancy
−$3.7K −$1.10/SF
EGI
$50.5K $15.10/SF
− OpEx
−$22.7K −$6.79/SF
NOI
$27.8K $8.30/SF
Area
McAllen, TX
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,220
Cap Rate 7%
$396,586
Cap Rate 9%
$308,456
Alternative Uses
Best Use
Apartment 5plus
$396.6K
$347.0K – $462.7K
NOI $27,761 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$907.8K
$794.3K – $1.06M
NOI $63,544 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,447
Businesses Nearby
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
Check the figures for this property
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?
Apartment building - Occupied rental property with garage parking, central heating, and a mix of central air and window-unit cooling.
Where is this apartment building located?
The property is located at 613 S 12th Street McAllen, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Six‑unit multifamily property with 3,343 square feet; Built in 1971 on a 0.1607‑acre parcel; Fully occupied rental property
