Duplex with Attached
For Sale
$436,000
821 Galveston Avenue McAllen, McAllen, TX 78501
Two-unit property completed in 2022, with private garages and backyard space serving each residence.
Property Size2,774 SF
Days on Market53
Property Features for 821 Galveston Avenue McAllen
General Information
Standard status
Active
Size
2,774 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,790
Amenities
private backyard
Building Details
Building Size
2,774 SF
Year Built
2022
Buildings
1
Listing Agency:
Encore Fine Properties
Listed By:
Ricardo D. Martinez · License #801068592
(956) 686-1571
Source:
Primeluxuryrealestate
Added: Sep 13
Changed: Oct 31
Last Checked: Nov 3 at 11:16AM
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 Encore Fine Properties
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Investment Insights
Based on property information with market context.
Completed in 2022, this duplex contains two separate residences, each offering 1,407 square feet with three bedrooms and three full bathrooms. Both units include an attached private two-car garage and a backyard. An exposed brick firewall separates the homes and provides physical separation between the units.
The property is located at 821 Galveston Avenue in McAllen, near major shopping malls, commercial centers, and the expressway. Its layout supports side-by-side residential use, with dedicated garage and outdoor areas for each unit.
The property is located at 821 Galveston Avenue in McAllen, near major shopping malls, commercial centers, and the expressway. Its layout supports side-by-side residential use, with dedicated garage and outdoor areas for each unit.
Key Highlights
- Two‑unit duplex completed in 2022
- Each residence offers 1,407 square feet, 3 bedrooms, and 3 full bathrooms
- Private 2‑car attached garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,066
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,320
$501.3K
Cap Rate 7%
$358,086
$358.1K
Cap Rate 9%
$278,511
$278.5K
Market Conditions
NOI Build-Up for 2,774 SF
Gross rent
$38.3K $13.80/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$35.8K $12.91/SF
− OpEx
−$10.7K −$3.87/SF
NOI
$25.1K $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%
$501,320
Cap Rate 7%
$358,086
Cap Rate 9%
$278,511
Alternative Uses
Best Use
Multifamily LT 5
$358.1K
$313.3K – $417.8K
NOI $25,066 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$329.1K
$288.0K – $383.9K
NOI $23,036 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$753.3K
$659.1K – $878.8K
NOI $52,728 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,447
Businesses Nearby
Explore this area
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 - Two-unit property completed in 2022, with private garages and backyard space serving each residence.
Where is this duplex located?
The property is located at 821 Galveston Avenue McAllen McAllen, TX.
What is the asking price?
The asking price for this property is $436,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2022; Each residence offers 1,407 square feet, 3 bedrooms, and 3 full bathrooms; Private 2‑car attached garage for each unit
