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Two-Building Multifamily Property

2911 and 2913 N Veterans Boulevard San Juan, TX 78589

Claim this Listing
New
For Sale
$795,000

MULTI_FAMILY - San Juan, TX

Property size:
7,467 SF
Lot size:
0.77 Acres
Price / SF:
$106.47/SF
Added:
Jul 12, 2026
Days on Market:
3
Last Refresh:
Jul 14 at 5:06 am

Property Features for 2911 and 2913 N Veterans Boulevard

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Exterior features
Mature Trees
Fencing
Chain Link
Appliances
Electric Water Heater
Standard status
Active
APN
265530 & 265528
Size
7,467 SF
Lot size
0.77 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
14171

Utilities

Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
1980
Floors in Building
2
Number of units
12
Building materials
Brick, Wood Siding
Roof type
Shingle

Listing agent Jaime Lee Gonzalez

Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX

Listing date Jul 12, 2026

MLS# 509448 Listing URL

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 multifamily property for sale includes 12 apartments split between two addresses. The unit mix consists of five two-bedroom, one-bath apartments and seven one-bedroom, one-bath apartments. Each apartment is described as having two dedicated parking spaces.

The property is located at 2911 and 2913 N Veterans Boulevard in San Juan, within Hidalgo County, Texas.

With its 12-apartment configuration and provided parking for each unit, this is a straightforward multifamily offering for buyers seeking a small residential income asset.

Key Highlights

  • 12‑apartment multifamily property built in 1980
  • Unit mix includes 5 two‑bedroom, 1‑bath units and 7 one‑bedroom, 1‑bath units
  • Each apartment has two dedicated parking spaces

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 $123.7k $16.56
− Vacancy −$14.3k −$1.92
EGI $109.3k $14.64
− OpEx −$49.2k −$6.59
NOI $60.1k $8.05
7,467 SF · lease $16.56/SF/yr · vacancy 11.60% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$858.9K
$751.5K – $1.00M (±1% cap)
NOI $60,120 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$5.62M
$4.92M – $6.56M (±1% cap)
NOI $393,698 @ 7.0% cap · market cap 49.52%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Dental Office Law Firm HVAC Service Building Supply Pharmacy Electrical Service Kitchen & Bath Showroom Gym & Fitness Center Garden Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Multifamily for sale with 12 units across two addresses in San Juan, TX, including one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 2911 and 2913 N Veterans Boulevard San Juan, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 12‑apartment multifamily property built in 1980; Unit mix includes 5 two‑bedroom, 1‑bath units and 7 one‑bedroom, 1‑bath units; Each apartment has two dedicated parking spaces
Contact an agent
More about this property
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