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For sale
  • Price cut: $6.5K (3/24)
    $298,000

    505 N 12th St, McAllen, TX 78501

    --beds
    --baths
    3,841sqft
    : 
    Multi Family
    Built in 1976
    -- sqft lot
    $-- Zestimate®
    $78/sqft
    $-- HOA

    What's special

    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.
    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#: 29755608MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 505 N 12th St.

    Next available tour time:Today at 11am

    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
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