Remodeled Duplex with
New
For Sale
$260,000
1917 Date Palm Avenue, McAllen, TX 78501
Residential Income, McAllen, TX
Property Size1,868 SF
Lot Size0.16 Acres
Price / SF$139.19
Days on Market4
Property Features for 1917 Date Palm Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
1
Parking features
Garage
Fencing
Chain Link
Appliances
Electric Water Heater, Stove/Range
Subdivision
Hammond Addition
Elementary school
Seguin
Middle school
Travis
High school
McAllen H.S.
Elementary school district
McAllen ISD
Middle school district
McAllen ISD
High school district
McAllen ISD
Directions
From Business 83, North on Bicentennial, W on Cedar, N on 20th, E on Date Palm
Standard status
Active
APN
H090000017000400
Size
1,868 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2965
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Building materials
HardiPlank Type
Roof type
Shingle
Listing Agency:
Texas Premier Realty
(210) 844-8683
Listed By:
Monica Gonzalez
(956) 321-8419
Added: Sep 9
Last Checked: Sep 12 at 1:06AM
MLS# 514919
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.
Investment Insights
Based on property information with market context.
This duplex contains two residences within a 1,868-square-foot property built in 1973. Both homes have undergone updates that include new roofs, air-conditioning systems, and flooring. The configuration is supported by central air, electric heating, electric water heating, and stove/range appliances. HardiPlank-type construction, shingle roofing, chain-link fencing, and a garage are also included.
The property occupies 0.1607 acres in McAllen, Texas, with public water service. Both residences are currently rented, providing an existing income-producing setup for the next owner. Additional physical features include central cooling and electric service for the HVAC systems.
The property occupies 0.1607 acres in McAllen, Texas, with public water service. Both residences are currently rented, providing an existing income-producing setup for the next owner. Additional physical features include central cooling and electric service for the HVAC systems.
Key Highlights
- Two residences currently rented
- 1,868 square feet on 0.1607 acres
- Updates include new roofs, AC systems, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,879
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,580
$337.6K
Cap Rate 7%
$241,129
$241.1K
Cap Rate 9%
$187,544
$187.5K
Market Conditions
NOI Build-Up for 1,868 SF
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.
Gross rent
$25.8K $13.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$24.1K $12.91/SF
− OpEx
−$7.2K −$3.87/SF
NOI
$16.9K $9.04/SF
Area
McAllen, TX
Vacancy
6.46%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$337,580
Cap Rate 7%
$241,129
Cap Rate 9%
$187,544
Alternative Uses
Best Use
Multifamily LT 5
$241.1K
$211.0K – $281.3K
NOI $16,879 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$221.6K
$193.9K – $258.5K
NOI $15,512 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$507.2K
$443.8K – $591.8K
NOI $35,507 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,471
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature updated interiors, central air, and current rental occupancy.
Where is this duplex located?
The property is located at 1917 Date Palm Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two residences currently rented; 1,868 square feet on 0.1607 acres; Updates include new roofs, AC systems, and flooring
