2208 Galveston Avenue, McAllen, TX 78501
MULTI_FAMILY - McAllen, TX
- Added:
- Jun 23, 2026
- Days on Market:
- 15
- Last Refresh:
- Jul 7 at 9:06 pm
Property Features for 2208 Galveston Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage, Carport
- Patio and Porch features
- Porch, Patio
- Fencing
- Chain Link
- Appliances
- Electric Water Heater, Microwave, Refrigerator, Stove/Range-Electric Smooth
- Standard status
- Active
- APN
- W240000006002200
- Size
- 3,024 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7214
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Jose L. Aguilar (956) 624-1891
Listing office BIG Realty 4847 S Jackson Rd., Pharr, TX (956) 465-0011
Listing date Jun 23, 2026
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.
HighLights
- Triplex built in 2023 with 3 identical units, each offering 3 bedrooms and 2 baths
- Each unit has 1,008 SF of living space for 3,024 total SF, with tiled flooring, tiled shower walls, and ceiling fans
- Kitchens feature quartz counters and include refrigerator, electric smooth‑top stove/range, and microwave
- All units have separate utility meters; electric central heating and central air; electric water heater
- Includes parking at both front and rear with garage and carport plus alley access; chain‑link fencing
- All 3 units are currently leased at $1,300 per month ($3,900 total)
Overview
The property is located at 2208 Galveston Avenue in McAllen, Texas 78501. Parking is provided both at the front and the rear of the triplex, and there is convenient alley access.
All three units are currently leased, creating immediate rental income for an investor or owner-occupant. The configuration also supports flexible occupancy, whether you choose to live in one unit while leasing the others or keep all three units under tenancy. Separate metering and dedicated off-street parking arrangements add day-to-day practicality for tenant management and operations.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.7k | $13.80 |
| − Vacancy | −$2.7k | −$0.89 |
| EGI | $39.0k | $12.91 |
| − OpEx | −$11.7k | −$3.87 |
| NOI | $27.3k | $9.04 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.244699
- Latitude
- 26.199195
