712 Toronto Avenue, McAllen, TX 78503
- Added:
- Jun 24, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 26 at 2:06 pm
Property Features for 712 Toronto Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Garage
- Patio and Porch features
- Porch
- Exterior features
- Balcony
- Appliances
- Electric Water Heater, Water Heater (Other Location), Refrigerator, Stove/Range
- Standard status
- Active
- APN
- L17150200A000700
- Size
- 7,440 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1254
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 8
- Building materials
- Brick
Listing agent Ryan J. Mcdaniel (956) 299-2111
Listing office Effective Real Estate 2212 Primrose Ave., McAllen, TX (956) 322-8522
Listing date Jun 24, 2026
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.
HighLights
- 8‑unit multifamily property with all units configured as 2 bed, 2 bath
- Units have been extensively remodeled with new windows, door hardware, cabinets, countertops, tile, recessed lighting, trim, and ceiling fans
- Exterior features include brick construction, balcony, and porch
- Utilities/services include public water; heating and cooling are electric with central air
- Appliances include stove/range, refrigerator, and electric water heater
- Parking includes a garage and a carport
Overview
The building is located at 712 Toronto Avenue in McAllen, Texas. The public remarks indicate the property is just down the street from La Plaza Mall, which is described as a premier shopping destination in the Rio Grande Valley and featuring more than 1,300,000 square feet of retail space.
For investors or buyers seeking a small multifamily asset with consistent unit types, the uniform 2-bedroom, 2-bath configuration and documented interior upgrades may support straightforward leasing and maintenance planning. Seller financing is also noted in the remarks, which may offer additional flexibility for qualified buyers. All details regarding terms and condition beyond the stated improvements should be verified during due diligence.
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 | $120.5k | $16.20 |
| − Vacancy | −$8.2k | −$1.10 |
| EGI | $112.3k | $15.10 |
| − OpEx | −$50.5k | −$6.79 |
| NOI | $61.8k | $8.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.230273
- Latitude
- 26.184913
