About This Home

This 0-bedroom, 0-bathroom commercial at 302 Papalote Road in Rio Grande City, TX is listed for $429,000 ($92 per sqft). Built in 2018, the home offers 4,650 sqft of living space on a 0.01 acres lot.

Key Features

  • Built in 2018
  • 0.01 acre lot
  • 12 parking spaces

Property Details

1 story
12-car garage
2018

Amenities

A/C
Listing Description

Investor opportunity in a growing area! This fully occupied 5-unit multifamily property offers immediate rental income with strong long-term potential. Each unit features 2 bedrooms and 2 bathrooms, providing an attractive and functional layout for tenants.

This income-producing property is ideal for investors seeking steady cash flow and portfolio expansion. Well-maintained and fully leased, the complex offers consistent occupancy appeal with spacious layouts designed for comfortable living. Conveniently located near schools, shopping, dining, and major roadways, this property combines accessibility with strong rental demand.

Excellent opportunity to own a turnkey investment property with multiple streams of income already in place. Properties like this are increasingly difficult to find - secure a valuable asset with immediate revenue potential and room for future appreciation.

Monthly Cost Estimate

$2,294/mo

20% down · 6.5% · 30 years

Principal$310
Interest$1,859
Insurance$125

Estimates only. Actual payments may vary.

Location

302 Papalote Road

Rio Grande City, TX 78582

Mi Ranchito Estates

Property Details

Construction

Stucco

Outdoor Features

Patio

Parking

Special Needs

Heating

Central

Cooling

Central Air

Appliances

Electric Water Heater

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 302 Papalote Road is listed at $429,000 ($92/sqft). The estimated monthly payment is $2,294 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2018, 0.01 acre lot, 12 parking spaces.

This property is listed by Kenneth De La Cerda.

KC

Kenneth De La Cerda

Agent at Benavides International Group

Listed by Benavides International Group · Broker phone: (956) 465-0011

MLS# 505385· Source: Greater McAllen Association of Realtors· 13 days on PropertySimple

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.

302 Papalote Road, Rio Grande City, TX 78582

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