Well-Maintained Duplex
For Sale
$275,000
513 E Upas Ave, McAllen, TX 78501
Duplex with two units, each featuring 2 bedrooms and 2 full bathrooms, with appliances included.
Property Size2,744 SF
Price / SF$100.22
Days on Market94
Property Features for 513 E Upas Ave
General Information
Standard status
Active
Size
2,744 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1982
Listing Agency:
Casa Mia Real Estate, LLC.
Listed By:
Javier Quintanilla
Source:
Aregtx
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 7 at 2:09PM
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 Casa Mia Real Estate, LLC.
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Investment Insights
Based on property information with market context.
Well-maintained duplex at 513 E Upas Ave, McAllen, TX, offering two separate units. Each unit provides two bedrooms and two full bathrooms, and both include essential appliances for move-in readiness.
The property is positioned near shopping, dining, schools, and major roadways, supporting convenient day-to-day access.
This is a versatile residential income property with two units configured for tenants or multi-generational living.
The property is positioned near shopping, dining, schools, and major roadways, supporting convenient day-to-day access.
This is a versatile residential income property with two units configured for tenants or multi-generational living.
Key Highlights
- Duplex built in 1982 with 2 units total
- Each unit features 2 bedrooms and 2 full bathrooms
- Essential appliances included in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,795
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,900
$495.9K
Cap Rate 7%
$354,214
$354.2K
Cap Rate 9%
$275,500
$275.5K
Market Conditions
NOI Build-Up for 2,744 SF
Gross rent
$37.9K $13.80/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$35.4K $12.91/SF
− OpEx
−$10.6K −$3.87/SF
NOI
$24.8K $9.04/SF
Area
McAllen, TX
Vacancy
6.46%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,900
Cap Rate 7%
$354,214
Cap Rate 9%
$275,500
Alternative Uses
Best Use
Multifamily LT 5
$354.2K
$309.9K – $413.3K
NOI $24,795 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$325.5K
$284.8K – $379.8K
NOI $22,787 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$745.1K
$652.0K – $869.3K
NOI $52,158 @ 7.0% cap · market cap 18.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
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Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two units, each featuring 2 bedrooms and 2 full bathrooms, with appliances included.
Where is this duplex located?
The property is located at 513 E Upas Ave McAllen, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex built in 1982 with 2 units total; Each unit features 2 bedrooms and 2 full bathrooms; Essential appliances included in both units
