Remodeled Duplex with
For Sale
$259,000
1917 Date Palm Avenue, McAllen, TX 78501
Residential Income, McAllen, TX
Property Size1,868 SF
Lot Size0.16 Acres
Price / SF$138.65
Days on Market36
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
Central Air, Electric
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
Changed: Sep 25
Last Checked: Oct 14 at 4:06AM
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 / Yr
$15,512
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,240
$310.2K
Cap Rate 7%
$221,600
$221.6K
Cap Rate 9%
$172,356
$172.4K
Market Conditions
NOI Build-Up for 1,868 SF
Gross rent
$30.3K $16.20/SF
− Vacancy
−$2.1K −$1.10/SF
EGI
$28.2K $15.10/SF
− OpEx
−$12.7K −$6.79/SF
NOI
$15.5K $8.30/SF
Area
McAllen, TX
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,240
Cap Rate 7%
$221,600
Cap Rate 9%
$172,356
Alternative Uses
Best Use
Apartment 5plus
$221.6K
$193.9K – $258.5K
NOI $15,512 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$507.2K
$443.8K – $591.8K
NOI $35,507 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences feature updated interiors, central air, and current rental occupancy.
Where is this multifamily property located?
The property is located at 1917 Date Palm Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $259,000.
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
