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36-Unit Apartment Building
For Sale
$1,950,000

2700 S 28th Street, McAllen, TX 78501

Residential Income, McAllen, TX

Property Size22,378 SF
Lot Size0.93 Acres
Price / SF$87.14
Days on Market49

Property Features for 2700 S 28th Street

General Information

Property type Residential Multi Family
Property subtype Other
Parking features None
Exterior features Mature Trees
Fencing Chain Link
Appliances Gas Water Heater, Refrigerator, Stove/Range-Electric Coil
Subdivision Bonham
Lot features Alley, Corner Lot, Curb & Gutters, Irregular Lot, Mature Trees, Sidewalks
Elementary school Escandon
Middle school Brown
High school Memorial H.S.
Elementary school district McAllen ISD
Middle school district McAllen ISD
High school district McAllen ISD
Directions From Ware rd. & I-2 (Expressway 83), south on Ware, east on Jordan The properties are located on the northeast, northwest, & southwest corners of Jordan and 28th street.
Standard status Active
APN 126491
Size 22,378 SF
Lot size 0.93 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 21844

Utilities

Water source Public

Building Details

Year built 1974
Floors in Building 2
Number of units 36
Building materials Brick, Wood Siding
Roof type Composition, Flat
Listing Agency: Realty Executives RGV · Realty Executives International
Listed By: Romayeo (Ronnie) R. Esparza · License #0609166
Added: Jul 21 Changed: Sep 6 Last Checked: Sep 7 at 7:06AM
MLS# 509848

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.

This 36-unit apartment property includes five buildings situated on three corner lots. The improvements total 22,378 square feet on approximately 0.9286 acres and were built in 1974. Exterior features include mature trees, chain-link fencing, brick and wood siding, and a combination of composition and flat roofing. Individual units are equipped with gas water heaters, refrigerators, and electric-coil stove/ranges. Public water serves the property, and no parking is identified.

The property is located near Escandon, Airport, Palmview, and Uvalde city parks, as well as Palmview Library and Recreation Center. A city bus stop is available nearby, with freeway access also noted. The site fronts the intersection area of Jordan Road and South 28th Street in McAllen.

Key Highlights

  • 36 units across 5 buildings
  • 22,378 square feet on 0.9286 acres
  • Three corner lots at Jordan Road and S. 28th Street

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Parking Lot & Garage HVAC Service Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

36
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

198
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-building apartment property with mature trees, public water, and convenient access to parks, transit, and the freeway.
Where is this apartment building located?
The property is located at 2700 S 28th Street McAllen, TX.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 36 units across 5 buildings; 22,378 square feet on 0.9286 acres; Three corner lots at Jordan Road and S. 28th Street
More about this property
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