Remodeled Duplex With Rental
For Sale
$260,000
1917 Date Palm Avenue McAllen, McAllen, TX 78501
Two updated residences offer existing occupancy and recent improvements, including roofing, air-conditioning systems, and flooring.
Property Size1,868 SF
Days on Market55
Property Features for 1917 Date Palm Avenue McAllen
General Information
Standard status
Active
Size
1,868 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,965
Building Details
Building Size
1,868 SF
Year Built
1973
Listing Agency:
Texas Premier Realty
Listed By:
Monica Gonzalez
(956) 627-6312
Source:
Primeluxuryrealestate
Added: Sep 11
Changed: Sep 26
Last Checked: Nov 3 at 2:57PM
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 Texas Premier Realty
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Investment Insights
Based on property information with market context.
This duplex contains two residences that have been remodeled with new roofs, ACs, and floors. Both homes are currently rented, providing an existing income-producing configuration for the property.
Constructed in 1973, the duplex is located at 1917 Date Palm Avenue in McAllen, Texas. The property information identifies both residences as occupied by tenants and notes potential for higher rental income.
Constructed in 1973, the duplex is located at 1917 Date Palm Avenue in McAllen, Texas. The property information identifies both residences as occupied by tenants and notes potential for higher rental income.
Key Highlights
- Two residences within one duplex property
- Both homes have been remodeled
- New roofs, ACs, and floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,879
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer existing occupancy and recent improvements, including roofing, air-conditioning systems, and flooring.
Where is this duplex located?
The property is located at 1917 Date Palm Avenue McAllen 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 within one duplex property; Both homes have been remodeled; New roofs, ACs, and floors
