About This Home
This 0-bedroom, 0-bathroom residential multi family at 613 S 12th Street in McAllen, TX is listed for $389,000 ($116 per sqft). Built in 1971, the home offers 3,343 sqft of living space on a 0.16 acres lot.
Key Features
- Built in 1971
- 0.16 acre lot
- 2 stories
- 1 parking spaces
Property Details
Amenities
Prime investment opportunity in the heart of Downtown McAllen. This fully occupied 6-unit multifamily property delivers strong, stable income with nearly $4,000/month in rents and an estimated 7.7% cap rate at the current asking price. Located in the desirable 78501 zip code, this property sits just minutes from 10th St and Expressway 83, offering excellent accessibility for tenants and consistent rental demand.
Units are well-maintained, leased, and ideal for long-term cash flow. Downtown McAllen continues to grow with nearby shopping, restaurants, City Hall, and major employment centers, making this a reliable addition to any portfolio. Whether expanding your holdings or entering the multifamily sector, this property provides immediate income, strong fundamentals, and unbeatable location convenience. Don't miss this rare opportunity in one of McAllen's most sought-after rental corridors.
Monthly Cost Estimate
$2,080/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
613 S 12th Street
McAllen, TX 78501
Mcallen Addition
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 613 S 12th Street is listed at $389,000 ($116/sqft). The estimated monthly payment is $2,080 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1971, 0.16 acre lot, 2 stories, 1 parking spaces.
This property is listed by Erasmo Arjona and can be reached at 9565229632.
