712 Toronto Ave., McAllen, TX 85901
MULTI_FAMILY - McAllen, TX
- Added:
- Jun 19, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 28 at 10:06 pm
Property Features for 712 Toronto Ave.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
- Parking features
- Garage
- Patio and Porch features
- Deck
- Pets allowed
- No
- Interior features
- Ceiling Fan(s), Washer/Dryer Hook-up
- Exterior features
- Balcony, Deck, Fence
- Fencing
- Fenced
- Appliances
- Oven-Single, Refrigerator, Stove
- Standard status
- Active
- Size
- 7,440 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10032
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Composition
Listing agent Ryan McDaniel (956) 299-2111
Listing office Effective Real Estate 1817 Padre Blvd, Ste 3, Mcallen, TX (956) 322-8522
Listing date Jun 19, 2026
Copyright © 2026 South Padre Island Board 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.
HighLights
- 8‑unit multifamily property; all units are 2 bedroom, 2 bath
- Remodeled interiors include new windows, door hardware, cabinets, countertops, tile, recessed lighting, trim, and ceiling fans
- Brick construction with a composition roof; year built 1985
- Includes washer/dryer hook‑up and kitchen appliances: oven, stove, and refrigerator
- Exterior features include balcony and deck, plus a fenced yard
- On‑site parking with a garage
Overview
The property is located in McAllen, Texas, with the seller noting it is just down the street from La Plaza Mall. The remarks also reference La Plaza Mall as a major shopping destination in the Rio Grande Valley with more than 1,300,000 square feet of retail space.
The combination of consistent unit mix and completed interior upgrades may appeal to investors or buyers seeking a manageable 8-unit residential income asset. Seller financing is available, according to the public remarks, which can provide an alternative path to acquisition for qualified buyers.
Local Financial Insights For Apartment 5plus
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 | $120.5k | $16.20 |
| − Vacancy | −$8.2k | −$1.10 |
| EGI | $112.3k | $15.10 |
| − OpEx | −$50.5k | −$6.79 |
| NOI | $61.8k | $8.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2300124
- Latitude
- 26.2034071
