Well-Maintained Duplex
513 E Upas Ave McAllen, TX 78501
New
For Sale
$275,000
Duplex with two units, each featuring 2 bedrooms and 2 full bathrooms, with appliances included.
Property Size2,744 SF
Price / SF$100.22
Days on Market3
Property Features for 513 E Upas Ave
General Information
- Standard status
- Active
- Size
- 2,744 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1982
Listing Agency:
Casa Mia Real Estate, LLC.
Listed By:
Javier Quintanilla
Source:
Aregtx
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:18AM
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 Casa Mia Real Estate, LLC.
Investment Insights
Based on property information with market context.
Well-maintained duplex at 513 E Upas Ave, McAllen, TX, offering two separate units. Each unit provides two bedrooms and two full bathrooms, and both include essential appliances for move-in readiness.
The property is positioned near shopping, dining, schools, and major roadways, supporting convenient day-to-day access.
This is a versatile residential income property with two units configured for tenants or multi-generational living.
The property is positioned near shopping, dining, schools, and major roadways, supporting convenient day-to-day access.
This is a versatile residential income property with two units configured for tenants or multi-generational living.
Key Highlights
- Duplex built in 1982 with 2 units total
- Each unit features 2 bedrooms and 2 full bathrooms
- Essential appliances included in both units
Financial Insights For Multifamily LT 5
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 | $37.9k | $13.80 |
| − Vacancy | −$2.4k | −$0.89 |
| EGI | $35.4k | $12.91 |
| − OpEx | −$10.6k | −$3.87 |
| NOI | $24.8k | $9.04 |
2,744 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$354.2K
$309.9K – $413.3K
NOI $24,795 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$325.5K
$284.8K – $379.8K
NOI $22,787 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$745.1K
$652.0K – $869.3K
NOI $52,158 @ 7.0% cap · market cap 18.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two units, each featuring 2 bedrooms and 2 full bathrooms, with appliances included.
Where is this duplex located?
The property is located at 513 E Upas Ave McAllen, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex built in 1982 with 2 units total; Each unit features 2 bedrooms and 2 full bathrooms; Essential appliances included in both units
