417 N 28th Street McAllen, TX 78501
For sale multifamily property featuring eight two-story units with two bedrooms and 1.5 baths each.
Property Features for 417 N 28th Street
General Information
- Standard status
- Active
- Size
- 6,486 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1994
Listing office Realty Executives
Listing date Jul 3, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The complex is located blocks from South Texas College and the McAllen convention center.
As an eight-unit residential income property, it presents a straightforward multifamily configuration with uniform unit sizes and bathrooms as described in the property remarks.
Key Highlights
- Multifamily complex built in 1994
- 8 two‑story units total
- Each unit features 2 bedrooms and 1.5 bathrooms
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.1k | $16.20 |
| − Vacancy | −$7.1k | −$1.10 |
| EGI | $97.9k | $15.10 |
| − OpEx | −$44.1k | −$6.79 |
| NOI | $53.9k | $8.30 |
