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Fully Occupied 5-Unit Multifamily

302 Papalote Road Rio Grande City, TX 78582

Claim this Listing
For Sale
$429,000

COMMERCIAL - Rio Grande City, TX

Property size:
4,650 SF
Lot size:
0.01 Acres
Price / SF:
$92.26/SF
Added:
Jul 7, 2026
Days on Market:
8
Last Refresh:
Jul 14 at 5:06 am

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
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 agent Kenneth De La Cerda

Listing office BIG Realty 4847 S Jackson Rd., Pharr, TX

Listing date Jul 7, 2026

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.

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 Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Auto Parts Store (Bike/Boat/Book/etc) Store Auto Repair Shop Hair Salon Restaurant Nail Salon Skin Care Clinic Spa & Massage Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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.
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More about this property
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