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Two-Building Multifamily Investment
For Sale
$525,000

11112 N 29th St, McAllen, TX 78504

Ten occupied units across two apartment buildings on a half-acre lot, on septic with access to city sewer hookup.

Property Size6,992 SF
Lot Size0.50 Acres
Price / SF$75.09
Days on Market95

Property Features for 11112 N 29th St

General Information

Standard status Active
Size 6,992 SF
Lot size 0.50 Acres
Property subtype Multi-Family
Occupancy 100%

Additional Details

Utilities to Site Yes
Multifamily Units 10

Building Details

Year Built 1975
Tenancy Multi
Listing Agency: RE/MAX Hacienda
Listed By: Hector M. Guerra · License #TREC#0341517
Source: Aregtx
Added: Jul 20 Changed: Oct 4 Last Checked: Oct 7 at 1:01PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Hacienda

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Investment Insights

Based on property information with market context.

This two-building apartment property contains 10 units total, with unit mix including seven 2-bedroom, 1-bath units, one 1-bedroom, 1-bath unit, and two efficiency units with a small kitchenette. All units are currently occupied. The property is being sold strictly as-is.

The apartments are located in the Sharyland School District on a half-acre lot in NW McAllen. The buildings are on septic tanks, and the seller notes they have access to be hooked up to the McAllen city sewer system now that the area has been annexed.

All financing terms are cash or conventional financing only; owner financing is not being offered.

Key Highlights

  • 10 occupied units across 2 apartment buildings on a 0.5‑acre lot
  • Unit mix: seven 2BR/1BA units, one 1BR/1BA unit, and two efficiency 1BR/1BA units
  • Year built: 1975

Property Analytics

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Lease Details

10
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

69
Businesses Nearby

Demographics for 78504, TX

56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Ten occupied units across two apartment buildings on a half-acre lot, on septic with access to city sewer hookup.
Where is this apartment building located?
The property is located at 11112 N 29th St McAllen, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 10 occupied units across 2 apartment buildings on a 0.5‑acre lot; Unit mix: seven 2BR/1BA units, one 1BR/1BA unit, and two efficiency 1BR/1BA units; Year built: 1975
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