McAllen Multifamily Investment
613 S 12th Street McAllen, TX 78501
613 S 12th Street, McAllen, TX, 78501
$389,000
For Sale
$389,000
MULTI_FAMILY - McAllen, TX
Property Size3,343 SF
Lot Size0.16 Acres
Price / SF$116.36
Days on Market100
Property Features for 613 S 12th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 1
- Parking features
- Other, Garage
- Fencing
- Chain Link
- Appliances
- Electric Water Heater, Refrigerator, Stove/Range
- Standard status
- Active
- APN
- M195000050001000
- Size
- 3,343 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7689
Utilities
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1971
- Floors in Building
- 2
- Number of units
- 7
- Building materials
- Block, Siding
- Roof type
- Shingle
Listing Agency
RE/MAX elite
(956) 583-2100
2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX
Listed by
Erasmo Arjona
(956) 522-9632
Added: Apr 9 Checked: Jul 17 at 11:06 pm
MLS# 501268
Listing URL
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.
Located in Downtown McAllen, this multifamily property features six units and is fully occupied. The property generates approximately $4,000 per month in rents. Situated in the 78501 zip code, the location provides accessibility for tenants, being minutes from 10th St and Expressway 83. The units are well-maintained and leased, suitable for long-term cash flow. The property is located near shopping, restaurants, City Hall, and major employment centers. The lot size is 0.1607 acres and the property size is 3,343 square feet.
Key Highlights
- Fully occupied 6‑unit multifamily property in Downtown McAllen
- Nearly $4,000/month in rents with an estimated 7.7% cap rate (at the current asking price)
- Central heating plus central air, with window unit(s) cooling
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 | $54.2k | $16.20 |
| − Vacancy | −$3.7k | −$1.10 |
| EGI | $50.5k | $15.10 |
| − OpEx | −$22.7k | −$6.79 |
| NOI | $27.8k | $8.30 |
3,343 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$396.6K
$347.0K – $462.7K
NOI $27,761 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$907.8K
$794.3K – $1.06M
NOI $63,544 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully occupied 6-unit property in Downtown McAllen with strong income.
Where is this apartment building located?
The property is located at 613 S 12th Street McAllen, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Fully occupied 6‑unit multifamily property in Downtown McAllen; Nearly $4,000/month in rents with an estimated 7.7% cap rate (at the current asking price); Central heating plus central air, with window unit(s) cooling
