Fully Occupied 5-Unit
For Sale
$429,000
302 Papalote Road, Rio Grande City, TX 78582
COMMERCIAL - Rio Grande City, TX
Property Size4,650 SF
Lot Size0.01 Acres
Price / SF$92.26
Days on Market53
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: Aug 4
Last Checked: Aug 28 at 11:06AM
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.
This for-sale multifamily property consists of five fully occupied residential units. Each unit includes two bedrooms and two bathrooms, creating a consistent layout across the building. The property is described as well-maintained, with current occupancy in place.
Located at 302 Papalote Road in Rio Grande City, the complex is positioned for everyday convenience. Public remarks note proximity to schools, shopping, dining, and major roadways, which can support tenant access to routine services and travel routes.
For investors and owner-operators, the key practical feature is that the building is already fully occupied, providing immediate rental occupancy rather than a value-add conversion plan. The uniform unit mix of 2 bed/2 bath can also simplify leasing and operations by offering tenants a straightforward, repeatable floorplan. As a result, this property may appeal to buyers looking for a compact, income-producing multifamily asset within a residential income category.
Located at 302 Papalote Road in Rio Grande City, the complex is positioned for everyday convenience. Public remarks note proximity to schools, shopping, dining, and major roadways, which can support tenant access to routine services and travel routes.
For investors and owner-operators, the key practical feature is that the building is already fully occupied, providing immediate rental occupancy rather than a value-add conversion plan. The uniform unit mix of 2 bed/2 bath can also simplify leasing and operations by offering tenants a straightforward, repeatable floorplan. As a result, this property may appeal to buyers looking for a compact, income-producing multifamily asset within a residential income category.
Key Highlights
- Fully occupied 5‑unit multifamily property providing immediate rental income.
- Each unit features 2 bedrooms and 2 bathrooms.
- Convenient location near schools, shopping, dining, and major roadways.
Property Analytics
Property Profile
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
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 - Fully occupied five-unit property with 2-bedroom, 2-bath units, designed for comfortable, functional tenant living.
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: Fully occupied 5‑unit multifamily property providing immediate rental income.; Each unit features 2 bedrooms and 2 bathrooms.; Convenient location near schools, shopping, dining, and major roadways.
