Turnkey 5-Unit Short-Term Rental
For Sale
$449,000
2513 Beaumont Avenue, McAllen, TX 78501
Renovated 5-unit portfolio with (4) 2BR/1BA and (1) 1BR/1BA units, turnkey and actively income-producing with paved parking.
Property Size3,660 SF
Price / SF$122.68
Days on Market162
Property Features for 2513 Beaumont Avenue
General Information
Standard status
Active
Size
3,660 SF
Property subtype
Multifamily
Additional Details
Cap Rate
12.36%
Multifamily Units
5
Amenities
paved on-site parking
Building Details
Building Size
3,660 SF
Year Built
1992
Listing Agency:
SVN | Hanna Solutions Commercial Real Estate
Listed By:
Mark Hanna, CCIM
(956) 821-8001
Source:
Svn
Added: May 14
Changed: Oct 10
Last Checked: Oct 20 at 5:53PM
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 SVN | Hanna Solutions Commercial Real Estate
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Investment Insights
Based on property information with market context.
A renovated 5-unit short-term rental portfolio totaling 3,660 SF, currently set up and operating as turnkey accommodations. The unit mix is four (4) 2BR/1BA units and one (1) 1BR/1BA unit. Seller-reported FY 2025 performance includes $82,563 in gross revenue and $55,623 NOI, reflecting a 12.36% cap rate, with a 32.6% seller-reported operating expense ratio.
The property is located near McAllen’s Medical Corridor, close to Rio Grande Regional Hospital, South Texas Health System, and La Plaza Mall. On-site parking is paved.
This is presented as a 1031-exchange friendly investment opportunity with an asking price of $450,000.
The property is located near McAllen’s Medical Corridor, close to Rio Grande Regional Hospital, South Texas Health System, and La Plaza Mall. On-site parking is paved.
This is presented as a 1031-exchange friendly investment opportunity with an asking price of $450,000.
Key Highlights
- Renovated 5‑unit short‑term rental portfolio totaling 3,660 SF with (4) 2BR/1BA and (1) 1BR/1BA units
- Seller‑reported FY 2025 gross revenue of $82,563 and FY 2025 NOI of $55,623
- Reported 12.36% cap rate at a $450,000 asking price
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,393
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,860
$607.9K
Cap Rate 7%
$434,186
$434.2K
Cap Rate 9%
$337,700
$337.7K
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$59.3K $16.20/SF
− Vacancy
−$4.0K −$1.10/SF
EGI
$55.3K $15.10/SF
− OpEx
−$24.9K −$6.79/SF
NOI
$30.4K $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%
$607,860
Cap Rate 7%
$434,186
Cap Rate 9%
$337,700
Alternative Uses
Best Use
Apartment 5plus
$434.2K
$379.9K – $506.6K
NOI $30,393 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$993.8K
$869.6K – $1.16M
NOI $69,569 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated 5-unit portfolio with (4) 2BR/1BA and (1) 1BR/1BA units, turnkey and actively income-producing with paved parking.
Where is this short term rental property located?
The property is located at 2513 Beaumont Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Renovated 5‑unit short‑term rental portfolio totaling 3,660 SF with (4) 2BR/1BA and (1) 1BR/1BA units; Seller‑reported FY 2025 gross revenue of $82,563 and FY 2025 NOI of $55,623; Reported 12.36% cap rate at a $450,000 asking price
