Three-Unit Triplex with Private
For Sale
$533,000
205 S Cynthia Street, McAllen, TX 78501
Residential Income, McAllen, TX
Property Size3,059 SF
Lot Size0.19 Acres
Price / SF$174.24
Days on Market34
Property Features for 205 S Cynthia Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking
5
Exterior features
Mature Trees
Appliances
Electric Water Heater, Smooth Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
Subdivision
Cathay Courts
Lot features
Mature Trees
Elementary school
Wilson
Middle school
Lincoln
High school
McAllen H.S.
Elementary school district
McAllen ISD
Middle school district
McAllen ISD
High school district
McAllen ISD
Directions
old 83 and Cynthia
Standard status
Active
APN
C230000003000600
Size
3,059 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7528
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2022
Floors in Building
1
Number of units
6
Building materials
Stucco
Roof type
Composition
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Ricardo D. Martinez · License #801068592
(956) 332-3803
Added: Sep 11
Last Checked: Oct 13 at 11:06PM
MLS# 514296
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.
Built in 2022, this 3,059-square-foot triplex contains three separate residential units. Two units each offer 3 bedrooms, 2 full bathrooms, a covered 2-car garage, and a private yard. The third unit includes 1 bedroom, 1 bathroom, a covered 1-car garage, and its own yard. The property has stucco construction, a composition roof, central heating, central air, and electric appliances including refrigerators, washers, dryers, microwaves, and smooth electric cooktops.
Located at 205 S Cynthia Street in McAllen, the property occupies 0.1869 acres in ZIP Code 78501. The surrounding area includes medical facilities and hospitals, restaurants, and commercial areas. Mature trees add exterior landscaping to the site.
Located at 205 S Cynthia Street in McAllen, the property occupies 0.1869 acres in ZIP Code 78501. The surrounding area includes medical facilities and hospitals, restaurants, and commercial areas. Mature trees add exterior landscaping to the site.
Key Highlights
- Three‑unit triplex completed in 2022
- 3,059 square feet on 0.1869 acres
- Two 3‑bedroom, 2‑bath units with covered 2‑car garages and private yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,641
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,820
$552.8K
Cap Rate 7%
$394,871
$394.9K
Cap Rate 9%
$307,122
$307.1K
Market Conditions
NOI Build-Up for 3,059 SF
Gross rent
$42.2K $13.80/SF
− Vacancy
−$2.7K −$0.89/SF
EGI
$39.5K $12.91/SF
− OpEx
−$11.8K −$3.87/SF
NOI
$27.6K $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%
$552,820
Cap Rate 7%
$394,871
Cap Rate 9%
$307,122
Alternative Uses
Best Use
Multifamily LT 5
$394.9K
$345.5K – $460.7K
NOI $27,641 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$362.9K
$317.5K – $423.4K
NOI $25,402 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$830.6K
$726.8K – $969.1K
NOI $58,145 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
971
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
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Frequently Asked Questions
What type of property is this?
Triplex - Recently built triplex with covered garages, private yards, and central HVAC.
Where is this triplex located?
The property is located at 205 S Cynthia Street McAllen, TX.
What is the asking price?
The asking price for this property is $533,000.
What are key features of this property?
This property features: Three‑unit triplex completed in 2022; 3,059 square feet on 0.1869 acres; Two 3‑bedroom, 2‑bath units with covered 2‑car garages and private yards
