Six-Unit Apartment
2800 N 30th Street McAllen, TX 78501
2800 N 30th Street, McAllen, TX, 78501
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For Sale
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Value-add six-unit apartment community featuring two three-plex buildings with 1 bed, 1 bath units.
Property Size4,200 SF
Price / SF$107.14
Days on Market187
Property Features for 2800 N 30th Street
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1983
Listing agency
Bluestone Brokers
(956) 221-0204
Listed by
David Goldberg · License #817479
Source
Crexi
Added: Jan 16 Updated: Jul 22 at 4:49AM Checked: Jul 22 at 4:49AM
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 Bluestone Brokers
Investment Insights
Based on property information with market context.
This six-unit multifamily property consists of two, three-plex buildings. All units are 1 bedroom and 1 bathroom, and are approximately 700 square feet each. The property is described as cash-flowing and includes appliances, supporting a turnkey setup for the right investor.
The building is centrally located in McAllen, TX, with proximity to schools, businesses, and major commercial corridors.
Each unit is paired with one parking spot. The seller indicates the property can be purchased as six units or together with neighboring properties owned by the same party to total 12 or 18 units.
The building is centrally located in McAllen, TX, with proximity to schools, businesses, and major commercial corridors.
Each unit is paired with one parking spot. The seller indicates the property can be purchased as six units or together with neighboring properties owned by the same party to total 12 or 18 units.
Key Highlights
- 6‑unit multifamily property with two 3‑plex buildings
- All units are 1 bed / 1 bath, approx. 700 SF each
- Year built: 1983
Local Financial Insights For Apartment 5plus
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 | $68.0k | $16.20 |
| − Vacancy | −$4.6k | −$1.10 |
| EGI | $63.4k | $15.10 |
| − OpEx | −$28.5k | −$6.79 |
| NOI | $34.9k | $8.30 |
4,200 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$498.2K
$436.0K – $581.3K
NOI $34,877 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$997.9K – $1.33M
NOI $79,834 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Village Apartments
Apartment Complex
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FAQs
What type of property is this?
Apartment building - Value-add six-unit apartment community featuring two three-plex buildings with 1 bed, 1 bath units.
Where is this apartment building located?
The property is located at 2800 N 30th Street McAllen, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 6‑unit multifamily property with two 3‑plex buildings; All units are 1 bed / 1 bath, approx. 700 SF each; Year built: 1983
