Brick
For Sale
$249,000
2905 N 8th Street, McAllen, TX 78501
Residential Income, McAllen, TX
Property Size2,040 SF
Lot Size0.21 Acres
Price / SF$122.06
Days on Market10
Property Features for 2905 N 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Other
Appliances
Electric Water Heater
Subdivision
Camellia Terrace
Elementary school
Jackson
Middle school
Cathey
High school
McAllen H.S.
Elementary school district
McAllen ISD
Middle school district
McAllen ISD
High school district
McAllen ISD
Directions
From Nolana & 10th St, travel south on N 10th St. Turn left on Harvey Ave, then left on N 8th St. Property will be on the right.
Standard status
Active
APN
C045000001000300
Size
2,040 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4996
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1975
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Veale Properties
(956) 897-0070
Listed By:
Trisha Scott
(956) 329-9090
Added: Oct 5
Last Checked: Oct 14 at 7:06AM
MLS# 517061
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 1975 duplex contains 2,040 square feet on a 0.2144-acre lot. The building has brick construction, a composition roof, central heating and central air conditioning, and an electric water heater.
H-E-B, restaurants, and shopping are accessible on foot from the property at 2905 N 8th Street in McAllen.
H-E-B, restaurants, and shopping are accessible on foot from the property at 2905 N 8th Street in McAllen.
Key Highlights
- Duplex with 2,040 square feet of building area
- 0.2144‑acre lot
- Built in 1975 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,433
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,660
$368.7K
Cap Rate 7%
$263,329
$263.3K
Cap Rate 9%
$204,811
$204.8K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$28.2K $13.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$26.3K $12.91/SF
− OpEx
−$7.9K −$3.87/SF
NOI
$18.4K $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 Rate 5%
$368,660
Cap Rate 7%
$263,329
Cap Rate 9%
$204,811
Alternative Uses
Best Use
Multifamily LT 5
$263.3K
$230.4K – $307.2K
NOI $18,433 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$242.0K
$211.8K – $282.3K
NOI $16,940 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$553.9K
$484.7K – $646.3K
NOI $38,776 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,085
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Nearby grocery, dining, and retail destinations are within walking distance.
Where is this duplex located?
The property is located at 2905 N 8th Street McAllen, TX.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Duplex with 2,040 square feet of building area; 0.2144‑acre lot; Built in 1975 with brick construction
