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    Penitas, TX
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    Penitas, TX Multifamily Properties for Sale

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    La Joya, TX Mission, TX Palmview, TX Sullivan City, TX Edinburg, TX Palmhurst, TX Mcallen, TX Alton, TX
    Well-Maintained 6-Plex in Penitas, TX
    Updated: Oct 4, 2024
    Well-Maintained 6-Plex in Penitas, TX

    18202 Washington Palm Drive, Penitas, TX 78576

    $410,000
    4,536 sqft
    Generates $4,500 of monthly income.
    Fully occupied 6‑plex.
    New roof.
    2 Bed 1 Bath units.
    Built in 2004.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    18202 Washington Palm Drive, Penitas, TX 78576

    View Property Analytics

    • Est. Cap Rate

      8.9%
      Above avg (5.9%)

    • Est. NOI

      $37K
      Annual

    • Price @ 7% Cap

      $522K
      Above asking

    • Property Type

      Apartment House
      Built 2004
    View Property Analytics
    Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 1 Active listings in Penitas, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 15 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    La Joya Multifamily Investment
    La Joya Multifamily Investment

    225-233 W 4th Street, La Joya, TX 78560

    $520,000
    6,092 sqft

    Six-unit multifamily investment property in La Joya, Texas.

    View details
    La Joya Multifamily Investment
    La Joya Multifamily Investment

    225 W 4th Street, La Joya, TX 78560

    $180,000
    2,052 sqft

    Two detached units in La Joya, ideal for investors.

    View details
    New Construction Fourplex Investment Opportunity
    New Construction Fourplex Investment Opportunity

    905 Hidden Hills Street, Mission, TX 78572

    $575,000
    4,210 sqft

    New construction fourplex with modern design and open-concept living.

    View details
    Profitable Triplex Investment Opportunity
    Profitable Triplex Investment Opportunity

    609 N St. Marie Avenue, Mission, TX 78574

    $315,000
    3,480 sqft

    Triplex with reliable rental income, spacious units, and new roof.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Mission, TX Corner Lot
    Mission, TX Corner Lot

    7301 Lakeview Drive, Mission, TX 78574

    $60,000
    0.17 AC lot

    Corner lot in Mission, TX with utilities and flexible options.

    View details
    Residential Lot in Sullivan City
    Residential Lot in Sullivan City

    Guadalupe Flores Street, Sullivan City, TX 78595

    $39,900
    0.18 AC lot

    Vacant 8,004 sq ft residential lot in Sullivan City, TX.

    View details
    Weslaco Land Ideal for Development
    Weslaco Land Ideal for Development

    S Airport Drive, Weslaco, TX 78596

    $750,000
    9.55 AC lot

    Corner lot suitable for commercial or residential development.

    View details
    Residential Land in La Feria, TX
    Residential Land in La Feria, TX

    523 Canada Dr. lot: 4, La Feria, TX 78552

    $40,000
    0.06 AC lot

    Residential lot suitable for placing a mobile home.

    View details

    Off-Market Properties in Penitas, TX

    Consider similar Off-Market properties in Penitas, TX. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    304 Main St
    MOBILE HOME PARK, TRAILER PARK

    304 Main St, Penitas, TX 78576-7217

    Value Estimation by Request
    3,056 sqft 15.63 AC lot
    View details
    1905 Ash St
    APARTMENT HOUSE (5+ UNITS)

    1905 Ash St, Penitas, TX 78576-2002

    Value Estimation by Request
    5,807 sqft 0.57 AC lot
    View details
    Cedar St
    APARTMENT HOUSE (5+ UNITS)

    Cedar St, Penitas, TX 78576

    Value Estimation by Request
    5,916 sqft 0.78 AC lot
    View details
    Penitas, TX 78576
    APARTMENT HOUSE (5+ UNITS)

    Penitas, TX 78576

    Value Estimation by Request
    5,178 sqft 0.57 AC lot
    View details
    Penitas, TX 78576
    APARTMENT HOUSE (5+ UNITS)

    Penitas, TX 78576

    Value Estimation by Request
    4,564 sqft 0.57 AC lot
    View details
    17712 Salida Del Sol St
    APARTMENT HOUSE (5+ UNITS)

    17712 Salida Del Sol St, Penitas, TX 78576-8485

    Value Estimation by Request
    7,124 sqft 2.33 AC lot
    View details
    17709 Date Palm Dr
    APARTMENT HOUSE (5+ UNITS)

    17709 Date Palm Dr, Penitas, TX 78576-8583

    Value Estimation by Request
    4,536 sqft 0.50 AC lot
    View details
    Cindy Ave
    APARTMENT HOUSE (5+ UNITS)

    Cindy Ave, Penitas, TX 78576

    Value Estimation by Request
    1,650 sqft 0.22 AC lot
    View details
    Cindy St
    APARTMENT HOUSE (5+ UNITS)

    Cindy St, Penitas, TX 78576

    Value Estimation by Request
    4,404 sqft 0.22 AC lot
    View details
    18202 Washington Palm Dr
    APARTMENT HOUSE (5+ UNITS)

    18202 Washington Palm Dr, Penitas, TX 78576-8577

    Value Estimation by Request
    4,536 sqft 0.50 AC lot
    View details
    18318 El Conejo Dr
    APARTMENT HOUSE (5+ UNITS)

    18318 El Conejo Dr, Penitas, TX 78576-8481

    Value Estimation by Request
    4,264 sqft 0.65 AC lot
    View details
    1905 Mile 3rd Rd
    APARTMENT HOUSE (5+ UNITS)

    1905 Mile 3rd Rd, Penitas, TX 78576-2007

    $730,000
    Estimated value
    9,104 sqft 1.15 AC lot
    View details
    Penitas, TX 78576
    APARTMENT HOUSE (5+ UNITS)

    Penitas, TX 78576

    Value Estimation by Request
    4,374 sqft 0.50 AC lot
    View details
    1902 Dogwood St
    Multifamily properties

    1902 Dogwood St, Penitas, TX 78576

    Value Estimation by Request
    View details
    1502 Diamond Ave
    Multifamily properties

    1502 Diamond Ave, Penitas, TX 78576

    Value Estimation by Request
    1.01 AC lot
    View details

    Penitas, TX Multifamily Properties Market Trends and Statistics

    Explore 16 multifamily properties for sale in Penitas, TX on our real estate platform. These investment opportunities span a total of 4,536 square feet of properties for sale, with an estimated market value of $410,000.

    Sale prices for multifamily properties in Penitas, TX average $410,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 14K
    Population Growth (5Y) +26.7%
    Median Household Income $48,205
    College Educated 8.6%

    Taxes & Financing

    Tax Rate (average for all types) 2.50%
    Property Tax per SF $63.66 per SF
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hidalgo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hidalgo County

    Retail

    Office

    Residential Income

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