1306 Royola Street, Palmview, TX 78572
MULTI_FAMILY - Palmview, TX
- Added:
- Jun 23, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 29 at 9:06 am
Property Features for 1306 Royola Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 24
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Water Heater (Laundry Room), Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- D538000000000700
- Size
- 8,927 SF
- Lot size
- 0.61 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 22400
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 12
- Building materials
- Stucco
- Roof type
- Composition
Listing agent Karena Herrera (956) 336-3124
Listing office Encore Fine Properties 817 N Ware Road, McAllen, TX (956) 821-6170
Listing date Jun 23, 2026
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.
HighLights
- Built in 2023: modern 12‑unit apartment complex with two single‑story buildings
- Unit mix: seven 2‑bedroom/1‑bath and five 1‑bedroom/1‑bath apartments
- Each unit features granite countertops and tile flooring
- In‑unit appliance package includes stove, refrigerator, microwave, washer, and dryer
- Two covered parking spaces per unit
- Utilities/services include public water and electric central heating and central air cooling
Overview
The property is located in Palmview, Texas, at 1306 Royola Street, about a quarter-mile from Expressway I-2/Hwy 83. The listing notes convenient access to shopping, dining, and entertainment in Mission and McAllen, supporting straightforward day-to-day connectivity for tenants.
For buyers seeking a newer multifamily asset, the combination of built-in 2023 construction, functional one- and two-bedroom layouts, and in-unit laundry can simplify leasing and tenant turnover. The covered parking allocation and consistent in-unit amenities across the complex are practical features for resident satisfaction and day-to-day operations.
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 | $147.8k | $16.56 |
| − Vacancy | −$17.1k | −$1.92 |
| EGI | $130.7k | $14.64 |
| − OpEx | −$58.8k | −$6.59 |
| NOI | $71.9k | $8.05 |
Alternative Uses
Current Use by Public Records
Map
- City
- Palmview
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.386383
- Latitude
- 26.232784
