Prime investment opportunity in an established McAllen neighborhood. This fully occupied multi-tenant property features four apartments with long-term tenants, offering steady income from day one. Ideally located with quick access to McAllen's main arteries, it's close to the vibrant nightlife of the historical and downtown districts and within walking distance to Archer Park and its popular food truck park. While the property needs some TLC, there's significant potential for rent increases, making it an excellent investment. There are 3 buildings on the 1/3 acre property with yard space for each area. Enjoy the benefits of a stable community, easy access to public transportation, and major highways. Don't miss this chance to own a promising property with great growth potential.
For sale
Price cut: $6.5K (3/24)
$298,000
505 N 12th St, McAllen, TX 78501
--beds
--baths
3,841sqft
Est.:
Multi Family
Built in 1976
-- sqft lot
$-- Zestimate®
$78/sqft
$-- HOA
What's special
- 314 days
- on Zillow |
- 213 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: March 24, 2025 at 01:32pm
Listed by:
Marsha Acosta 956-560-8525,
Coldwell Banker La Mansion Real Estate
Source: RGVMLS,MLS#: 29755608

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Appliances
- Included: Refrigerator, Electric Water Heater
- Laundry: Common Area
Interior area
- Total structure area: 3,841
- Total interior livable area: 3,841 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: 4 or More Car Garage, Attached, On Street
- Has attached garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: Two
Lot
- Size: 0.33 Acres
- Features: Corner Lot, Sidewalks
Details
- Parcel number: N540000019000500
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Foundation: Combination
Condition
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: None
Community & HOA
Community
- Subdivision: North Mcallen
Location
- Region: Mcallen
Financial & listing details
- Price per square foot: $78/sqft
- Tax assessed value: $297,960
- Annual tax amount: $5,647
- Date on market: 8/7/2024
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
- Loading
- Loading