12-Unit Apartment
For Sale
$795,000
2911 and 2913 N Veterans Boulevard, San Juan, TX 78589
Residential Income, San Juan, TX
Property Size7,467 SF
Lot Size0.77 Acres
Price / SF$106.47
Days on Market95
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
Subdivision
Rsw Incorporated Unit No 1
Lot features
Mature Trees, Sidewalks
Elementary school
Reed & Mock
Middle school
Yzaguierre
High school
PSJA H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
From Ferguson 495 head north on Veterans Blvd (I Rd), pass El Dora Rd a little further north property will be on your right hand side. Lucky apartments
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 Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Jul 12
Changed: Sep 4
Last Checked: Oct 14 at 3:06PM
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.
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
Hotel Hospitality
$5.62M
$4.92M – $6.56M
NOI $393,698 @ 7.0% cap · market cap 49.52%
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
12
Residential units
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Explore this area
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
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?
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
