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36-Unit Apartment Property
For Sale
$1,795,000

2700 S 28th St, McAllen, TX 78501

Five-building apartment property near city parks, a library, recreation facilities, public transit, and freeway access.

Property Size22,378 SF
Price / SF$80.21
Days on Market55

Property Features for 2700 S 28th St

General Information

Standard status Active
Size 22,378 SF
Property subtype Multi-Family

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Additional Details

Multifamily Units 36

Building Details

Year Built 1974
Buildings 5
Listing Agency: Realty Executives RGV
Listed By: Romayeo (Ronnie) R. Esparza · License #0609166
Source: Aregtx
Added: Aug 14 Changed: Oct 2 Last Checked: Oct 7 at 1:46PM

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 Realty Executives RGV

Investment Insights

Based on property information with market context.

This apartment property contains 36 units distributed across 5 buildings on three corner lots. The site is at the intersection of Jordan Rd. and S. 28th Street in south McAllen, providing a multi-building residential configuration within an established city setting.

Residents are within a quarter mile of Escandon, Airport, Palmview, and Uvalde city parks, as well as Palmview Library and Recreation Center. A city bus stop serves the property, and freeway access is available nearby.

Key Highlights

  • 36 units across 5 buildings
  • Three corner lots at Jordan Rd. and S. 28th Street
  • Within a quarter mile of four city parks

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Food Market Kitchen & Bath Showroom Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

36
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

198
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-building apartment property near city parks, a library, recreation facilities, public transit, and freeway access.
Where is this apartment building located?
The property is located at 2700 S 28th St McAllen, TX.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 36 units across 5 buildings; Three corner lots at Jordan Rd. and S. 28th Street; Within a quarter mile of four city parks
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