Fully Occupied Multifamily Investment
For Sale
$429,000
302 Papalote Rd, Rio Grande City, TX 78582
Five-unit multifamily property with immediate rental income in growing area.
Property Size4,650 SF
Price / SF$92.26
Days on Market99
Property Features for 302 Papalote Rd
General Information
Standard status
Active
Size
4,650 SF
Taxes and HOA fees
Annual Taxes
$8,108
Listing Agency:
BIG Realty
(956) 416-5055
Listed By:
Kenneth De La Cerda
(956) 416-5055
Source:
Exprealty
Added: May 25
Changed: Aug 25
Last Checked: Aug 30 at 8:45PM
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 BIG Realty
Investment Insights
Based on property information with market context.
This fully occupied 5-unit multifamily property presents an investor opportunity in a growing area. Each unit includes 2 bedrooms and 2 bathrooms, providing a functional layout for tenants. The property is well-maintained and fully leased, offering consistent occupancy appeal with spacious layouts designed for comfortable living. It is located near schools, shopping, dining, and major roadways, combining accessibility with rental demand. This income-producing property is suitable for investors seeking steady cash flow and portfolio expansion. The property size is 4650 square feet.
Key Highlights
- Fully occupied 5‑unit multifamily property providing immediate rental income.
- Each unit features a desirable 2 bedrooms and 2 bathrooms layout.
- Turnkey investment property requiring no immediate renovations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 78582, TX
43,253
Population
14,743
Households
2.9
Avg Household Size
31
Median Age
13%
College-Educated
61%
High-School Grad
565.3 sq mi
ZIP Area
77
Density / Sq Mi
$41,452
Median Household Income
$23,855
Median Earnings
$738
Median Rent
$102,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property with immediate rental income in growing area.
Where is this apartment building located?
The property is located at 302 Papalote Rd Rio Grande City, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Fully occupied 5‑unit multifamily property providing immediate rental income.; Each unit features a desirable 2 bedrooms and 2 bathrooms layout.; Turnkey investment property requiring no immediate renovations.
