505 N 12th St

$298,000

505 N 12th St, Mcallen, TX 78501

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 06/26/2025

Details:

Building Size: 3,841 sqft

Lot Area: 0.3214 acres

Occupancy: 100%

Units: 4

Year Built: 1976

Floors: 2

Offered by Broker

Marsha Acosta

Broker Associate

Commercial Rio Grande Valley

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Highlights:

Fully occupied fourplex with long-term tenants — income-producing from day one
Three separate buildings on a 1/3-acre lot with dedicated yard space for each unit
Excellent location near McAllen’s vibrant downtown, well-established neighborhood and historic district
Quick access to major roads and public transportation — ideal for tenants
TLC needed, but strong value-add potential with room for rent increases
Located in a stable community with consistent rental demand
Walking distance to Archer Park and its popular food truck park

Description:

Prime investment opportunity in McAllen's centrally located Historic District! This fully occupied multi-tenant property features four apartments with long-term tenants, providing steady income from day one. Situated on a 1/3 acre with three buildings, each offering yard space, the property has potential for rent increases with some TLC. Enjoy quick access to major highways, public transportation, and McAllen's vibrant downtown, known for its shopping, dining, and entertainment. Just steps from the nostalgic Casa de Palmas Hotel, Archer Park, the popular food truck park, and the annual McAllen Art Crawl, this property offers both charm and growth potential. Don’t miss this opportunity!

Prime investment opportunity in McAllen's centrally located Historic District! This fully occupied multi-tenant property features four apartments with long-term tenants, providing steady income from day one. Situated on a 1/3 acre with three buildings, each offering yard space, the property has potential for rent increases with some TLC. Enjoy quick access to major highways, public transportation, McAllen Miller International Airport and McAllen's vibrant downtown, known for its shopping, dining, and entertainment. Just steps from the nostalgic Casa de Palmas Hotel, Archer Park, the popular food truck park, and the annual McAllen Art Crawl, this property offers both charm and growth potential. Don’t miss this opportunity!

NORTH MCALLEN LOTS 5 & 6 BLK 19