Five-Unit Apartment
For Sale
$429,000
302 Papalote Road, Rio Grande City, TX 78582
Commercial Sale, Rio Grande City, TX
Property Size4,650 SF
Lot Size0.01 Acres
Price / SF$92.26
Days on Market99
Property Features for 302 Papalote Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
12
Parking features
Special Needs
Patio and Porch features
Patio
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater
Subdivision
Mi Ranchito Estates
Directions
From US Highway 83 in Rio Grande City, head north on Hernandez Rd/Corrales Rd for approximately 0.7 miles. Turn left onto Corrales Rd, then make a right onto Papalote Rd. Property will be located a short distance ahead at 302 Papalote Rd, Rio Grande City, TX 78582.
Standard status
Active
APN
119500000004200000000
Size
4,650 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8108
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2018
Floors in Building
1
Building materials
Stucco
Roof type
Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Kenneth De La Cerda
(956) 416-5055
Added: Jul 7
Changed: Oct 8
Last Checked: Oct 13 at 2:06AM
MLS# 505385
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.
Built in 2018, this five-unit apartment property contains 4,650 square feet and is fully occupied. Each residence provides two bedrooms and two bathrooms, creating a consistent unit configuration across the complex. Construction includes stucco exteriors, shingle roofing, central heating, central air, and an electric water heater. Individual patios add outdoor space, while an accessible approach with ramp supports property access.
The property is located at 302 Papalote Road in Rio Grande City, Texas, near schools, shopping, dining, and major roadways. Its established occupancy, uniform floor plans, and relatively recent construction provide a straightforward multifamily configuration for continued rental operations.
The property is located at 302 Papalote Road in Rio Grande City, Texas, near schools, shopping, dining, and major roadways. Its established occupancy, uniform floor plans, and relatively recent construction provide a straightforward multifamily configuration for continued rental operations.
Key Highlights
- Five‑unit multifamily property with 4,650 square feet
- All units are occupied and each includes 2 bedrooms and 2 bathrooms
- Built in 2018 with stucco construction and shingle roofing
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
10
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
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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 - Fully leased multifamily property with practical two-bedroom layouts and on-site residential amenities.
Where is this apartment building located?
The property is located at 302 Papalote Road 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: Five‑unit multifamily property with 4,650 square feet; All units are occupied and each includes 2 bedrooms and 2 bathrooms; Built in 2018 with stucco construction and shingle roofing
