Residential Income

Penitas, TX Residential Income Properties for Sale

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La Joya, TX Mission, TX Palmview, TX Edinburg, TX Sullivan City, TX Alton, TX Mcallen, TX Los Ebanos, 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 hot listings in Penitas

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Based on your search, we've compiled 46 Potential Opportunities for your consideration. Besides 1 Active listings in Penitas, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 37 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.

5-Unit Apartment Property
5-Unit Apartment Property

116 W 4th Street, La Joya, TX 78560

$520,000
2,340 sqft

Three separate buildings feature updated mechanical systems, appliances, and refreshed interior finishes.

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Brick Fourplex
Brick Fourplex

212 2nd Street, La Joya, TX 78560

$280,000
1,508 sqft

Two 2-bedroom, 1-bath apartments are described within the four-unit property.

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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.

Half-Acre Lot in Mission, TX
Half-Acre Lot in Mission, TX

Vaquero Avenue, Mission, TX 78574

$66,000
0.51 AC lot

Half-acre lot in quiet subdivision with water meter installed.

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15-Acre Tract with Home Foundation
15-Acre Tract with Home Foundation

22652 North Western Road, Edinburg, TX 78541

$400,000
653,400 sqft 15.00 AC lot

15 acres with partially constructed home, ideal for development.

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Spacious Residential Lot in Mission
Spacious Residential Lot in Mission

2709 Coywolf Lane, Mission, TX 78574

$135,000
0.51 AC lot

Half-acre residential lot in a desirable new subdivision.

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Undeveloped 10-Acre Tract in Mission
Undeveloped 10-Acre Tract in Mission

6707 LA HOMA RD, Mission, TX 78574

$500,000
10.00 AC lot

Undeveloped 10-acre tract suitable for commercial or residential development.

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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

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

1905 Ash St, Penitas, TX 78576-2002

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

Cedar St, Penitas, TX 78576

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

Penitas, TX 78576

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

Penitas, TX 78576

Estimated value:
$260,000
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

Estimated value:
$335,000
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

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

Cindy Ave, Penitas, TX 78576

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

Cindy St, Penitas, TX 78576

Estimated value:
$265,000
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

Estimated value:
$315,000
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

Estimated value:
$290,000
4,264 sqft 0.65 AC lot
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1905 Mile 3rd Rd
APARTMENT HOUSE (5+ UNITS)

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

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

Penitas, TX 78576

Estimated value:
$335,000
4,374 sqft 0.50 AC lot
View details
9 Jara Chinas Rd
Land

9 Jara Chinas Rd, Penitas, TX 78541

Estimated value: by Request
10.00 AC lot
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13 Jara Chinas Rd
Land

13 Jara Chinas Rd, Penitas, TX 78541

Estimated value: by Request
10.00 AC lot
View details
12 Jara Chinas Rd
Land

12 Jara Chinas Rd, Penitas, TX 78541

Estimated value: by Request
10.00 AC lot
View details
1902 Dogwood St
Multifamily properties

1902 Dogwood St, Penitas, TX 78576

Estimated value: by Request
View details
5 Jara Chinas Rd
Land

5 Jara Chinas Rd, Penitas, TX 78541

Estimated value: by Request
10.00 AC lot
View details
10 Jara Chinas Rd
Land

10 Jara Chinas Rd, Penitas, TX 78541

Estimated value: by Request
10.00 AC lot
View details
11 Jara Chinas Rd
Land

11 Jara Chinas Rd, Penitas, TX 78541

Estimated value: by Request
10.00 AC lot
View details
7 Jara Chinas Rd
Land

7 Jara Chinas Rd, Penitas, TX 78541

Estimated value: by Request
10.00 AC lot
View details

Penitas, TX Residential Income Properties Market Trends and Statistics

Explore 38 residential income 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
Multifamily properties 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

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