Multifamily

Penitas, TX Multifamily Properties for Sale

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La Joya, TX Mission, TX Palmview, TX Edinburg, TX Sullivan City, TX Alton, TX Palmhurst, TX Mcallen, 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

Contact for pricing
4,536 sqft
Generates $4,500 of monthly income.
Fully occupied 6‑plex.
New roof.
2 Bed 1 Bath units.
Built in 2004.
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See what stands out in Hidalgo County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 21 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 1 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.

Six-Unit Apartment Building
Six-Unit Apartment Building

100 W 6th Street, La Joya, TX 78560

$269,900
3,640 sqft 0.30 AC lot

Stucco construction with central heating and air conditioning supports a straightforward multifamily configuration.

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Six-Unit Multifamily Property
Six-Unit Multifamily Property

100 W 6th St, La Joya, TX 78572

$269,900
3,640 sqft 0.30 AC lot

Six rental units totaling 3,640 SF are on a 12,948 SF lot near Expressway 83.

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New Construction Fourplex Investment Opportunity
New Construction Fourplex Investment Opportunity

905 Hidden Hills Street, Mission, TX 78572

Contact for pricing
4,210 sqft

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

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Profitable Triplex Investment Opportunity
Profitable Triplex Investment Opportunity

609 N St. Marie Avenue, Mission, TX 78574

Contact for pricing
3,480 sqft

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

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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.

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.

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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

$365,000
Estimated value
3,056 sqft 15.63 AC lot
View details
1905 Ash St
APARTMENT HOUSE (5+ UNITS)

1905 Ash St, Penitas, TX 78576-2002

$340,000
Estimated value
5,807 sqft 0.57 AC lot
View details
Cedar St
APARTMENT HOUSE (5+ UNITS)

Cedar St, Penitas, TX 78576

$290,000
Estimated value
5,916 sqft 0.78 AC lot
View details
Penitas, TX 78576
APARTMENT HOUSE (5+ UNITS)

Penitas, TX 78576

$280,000
Estimated value
5,178 sqft 0.57 AC lot
View details
Penitas, TX 78576
APARTMENT HOUSE (5+ UNITS)

Penitas, TX 78576

$260,000
Estimated value
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

$335,000
Estimated value
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

$320,000
Estimated value
4,536 sqft 0.50 AC lot
View details
Cindy Ave
APARTMENT HOUSE (5+ UNITS)

Cindy Ave, Penitas, TX 78576

$260,000
Estimated value
1,650 sqft 0.22 AC lot
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Cindy St
APARTMENT HOUSE (5+ UNITS)

Cindy St, Penitas, TX 78576

$265,000
Estimated value
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

$315,000
Estimated value
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

$290,000
Estimated value
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

$335,000
Estimated value
4,374 sqft 0.50 AC lot
View details
1902 Dogwood St
Multifamily properties

1902 Dogwood St, Penitas, TX 78576

Value Estimation by Request
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1502 Diamond Ave
Multifamily properties

1502 Diamond Ave, Penitas, TX 78576

Value Estimation by Request
1.01 AC lot
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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.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 1
Quadplexes 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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