12-Unit Apartment
2911 and 2913 N Veterans Boulevard, San Juan, TX 78589
For Sale
$795,000
Residential Income, San Juan, TX
Property Size7,467 SF
Lot Size0.77 Acres
Price / SF$106.47
Days on Market125
Property Features for 2911 and 2913 N Veterans Boulevard
General Information
Property type
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Parking features
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Appliances
Subdivision
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Elementary school
Middle school
High school
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Middle school district
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Size
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Taxes and HOA fees
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Building Details
Year built
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Number of units
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Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License TX #713189
(956) 599-8400
Added: Jul 12
Changed: Sep 4
Last Checked: Nov 13 at 8:06PM
MLS# 509448
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.
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Investment Insights
Based on property information with market context.
This 7,467-square-foot apartment property contains 12 units, including five two-bedroom, one-bath apartments and seven one-bedroom, one-bath apartments. Built in 1980, the improvements combine brick and wood siding with a shingle roof, central heating, central air conditioning, and an electric water heater.
Situated at 2911 and 2913 N Veterans Boulevard in San Juan, Texas, the property occupies 0.765 acres. The site includes mature trees, chain-link fencing, and access to public water. The unit mix provides two established residential configurations within a single multifamily asset.
Situated at 2911 and 2913 N Veterans Boulevard in San Juan, Texas, the property occupies 0.765 acres. The site includes mature trees, chain-link fencing, and access to public water. The unit mix provides two established residential configurations within a single multifamily asset.
Key Highlights
- 12 apartments with five two‑bedroom, one‑bath units and seven one‑bedroom, one‑bath units
- 7,467 square feet on 0.765 acres
- Built in 1980 with brick and wood siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,120
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,400
$1.2M
Cap Rate 7%
$858,857
$858.9K
Cap Rate 9%
$668,000
$668.0K
Market Conditions
NOI Build-Up for 7,467 SF
Gross rent
$123.7K $16.56/SF
− Vacancy
−$14.3K −$1.92/SF
EGI
$109.3K $14.64/SF
− OpEx
−$49.2K −$6.59/SF
NOI
$60.1K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,400
Cap Rate 7%
$858,857
Cap Rate 9%
$668,000
Alternative Uses
Best Use
Apartment 5plus
$858.9K
$751.5K – $1.00M
NOI $60,120 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.06M
NOI $183,867 @ 7.0% cap · market cap 23.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
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Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Hidalgo County, TX
Properties on Market for Apartment buildings in Hidalgo County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Twelve apartments provide a mix of one- and two-bedroom floor plans with central heating and air conditioning.
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 apartments with five two‑bedroom, one‑bath units and seven one‑bedroom, one‑bath units; 7,467 square feet on 0.765 acres; Built in 1980 with brick and wood siding
