Brick
New
For Sale
$360,000
2513 W Hackberry Avenue, McAllen, TX 78501
Residential Income, McAllen, TX
Property Size2,984 SF
Lot Size0.16 Acres
Price / SF$120.64
Days on Market2
Property Features for 2513 W Hackberry Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
None
Appliances
Electric Water Heater, Water Heater (In Attic), Water Heater (Other Location), Refrigerator, Stove/Range-Electric Smooth
Subdivision
Colonia Del Norte
Lot features
Sidewalks
Elementary school
Alvarez
Middle school
De Leon
High school
Rowe H.S.
Elementary school district
McAllen ISD
Middle school district
McAllen ISD
High school district
McAllen ISD
Directions
From 10th St head North, West on Hackberry Ave, South on N 23rd st. West on Gumwood Ave, North on 25th Street, West on Hackberry.
Standard status
Active
APN
C675000003000400
Size
2,984 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6889
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2015
Floors in Building
1
Number of units
5
Building materials
Brick
Roof type
Shingle
Listing Agency:
The International Real Estate Company
(956) 400-0192
Listed By:
Monica J. Acevedo
(956) 703-6377
Added: Sep 7
Last Checked: Sep 8 at 8:06AM
MLS# 513871
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 2015, this brick residential income property contains 2,984 square feet arranged as three separate units. The configuration includes one three-bedroom, two-bath residence and two additional residences with two bedrooms and two baths each. Refrigerators and electric smooth-top stove/ranges are included. Central electric heating and central air conditioning serve the property, while the roof is shingle construction.
The property occupies 0.1607 acres at 2513 W Hackberry Avenue in McAllen, Texas 78501. Public water service is available, and the three-unit layout provides a defined multifamily configuration within a single building.
The property occupies 0.1607 acres at 2513 W Hackberry Avenue in McAllen, Texas 78501. Public water service is available, and the three-unit layout provides a defined multifamily configuration within a single building.
Key Highlights
- Three‑unit configuration with one 3‑bedroom, 2‑bath unit and two 2‑bedroom, 2‑bath units
- 2,984 square feet on 0.1607 acres
- Built in 2015 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,963
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$539,260
$539.3K
Cap Rate 7%
$385,186
$385.2K
Cap Rate 9%
$299,589
$299.6K
Market Conditions
NOI Build-Up for 2,984 SF
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.
Gross rent
$41.2K $13.80/SF
− Vacancy
−$2.7K −$0.89/SF
EGI
$38.5K $12.91/SF
− OpEx
−$11.6K −$3.87/SF
NOI
$27.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$539,260
Cap Rate 7%
$385,186
Cap Rate 9%
$299,589
Alternative Uses
Best Use
Multifamily LT 5
$385.2K
$337.0K – $449.4K
NOI $26,963 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$354.0K
$309.7K – $413.0K
NOI $24,779 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$810.3K
$709.0K – $945.3K
NOI $56,720 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
813
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
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?
Triplex - Multi-unit property with varied floor plans, central HVAC, and included kitchen appliances in McAllen.
Where is this triplex located?
The property is located at 2513 W Hackberry Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Three‑unit configuration with one 3‑bedroom, 2‑bath unit and two 2‑bedroom, 2‑bath units; 2,984 square feet on 0.1607 acres; Built in 2015 with brick construction
