Triplex With On-Site
For Sale
$275,000
2012 Gumwood Avenue McAllen, McAllen, TX 78501
Three residences combine a three-bedroom home with two one-bedroom units and shared coin-operated laundry.
Property Size2,154 SF
Days on Market59
Property Features for 2012 Gumwood Avenue McAllen
General Information
Standard status
Active
Size
2,154 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,102
Amenities
on-site laundry
covered parking
Building Details
Building Size
2,154 SF
Year Built
1960
Buildings
2
Tenancy
Multi
Listing Agency:
Texas Premier Realty
Listed By:
Billy Michael Bryant
(121) 084-4868
Source:
Primeluxuryrealestate
Added: Aug 17
Changed: Oct 5
Last Checked: Oct 12 at 11:57PM
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
Investment Insights
Based on property information with market context.
This 2,154-square-foot triplex is arranged as a three-bedroom, one-bath house and a separate duplex with two one-bedroom, one-bath units. The property includes one covered parking spot and coin-operated laundry facilities on site.
All three residences have long-term tenants. Located at 2012 Gumwood Ave in McAllen, the configuration provides three distinct residential units within one income-producing property.
All three residences have long-term tenants. Located at 2012 Gumwood Ave in McAllen, the configuration provides three distinct residential units within one income-producing property.
Key Highlights
- 2,154‑square‑foot triplex with three residential units
- Three‑bedroom, one‑bath house included
- Rear duplex contains two one‑bedroom, one‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,463
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,260
$389.3K
Cap Rate 7%
$278,043
$278.0K
Cap Rate 9%
$216,256
$216.3K
Market Conditions
NOI Build-Up for 2,154 SF
Gross rent
$29.7K $13.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$27.8K $12.91/SF
− OpEx
−$8.3K −$3.87/SF
NOI
$19.5K $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%
$389,260
Cap Rate 7%
$278,043
Cap Rate 9%
$216,256
Alternative Uses
Best Use
Multifamily LT 5
$278.0K
$243.3K – $324.4K
NOI $19,463 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$255.5K
$223.6K – $298.1K
NOI $17,887 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$584.9K
$511.8K – $682.4K
NOI $40,943 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,802
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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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?
Triplex - Three residences combine a three-bedroom home with two one-bedroom units and shared coin-operated laundry.
Where is this triplex located?
The property is located at 2012 Gumwood Avenue McAllen McAllen, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,154‑square‑foot triplex with three residential units; Three‑bedroom, one‑bath house included; Rear duplex contains two one‑bedroom, one‑bath units
