317 N 28TH STREET, MCALLEN, TX 78501
Homes for sale in Mcallen.
Homes for sale in 78501.
317 N 28th Street
McAllen, TX 78501
List Price$729,999
Listing #485728
7,200
Square Feet
8
Number of Units
Multi-Unit Residential
Type
About This Property
High-Cashflow 8-Unit Multifamily | Fully Renovated | $80K+ Annual Income Discover this turnkey 8-unit investment property in the heart of McAllen, TX, delivering strong, stable cashflow exceeding $80,000 per year. Each unit offers 2 bedrooms and 1 bathroom, featuring fully renovated interiors with new kitchens, modern flooring, updated showers, and all-new systems throughout -- ensuring minimal maintenance and long-term durability. Unit Rents: $850--$975/month Occupancy: 100% leased Parking: 16 dedicated spaces Utilities: Separately metered; tenants pay all utilities The property's comprehensive exterior and interior renovations give it a clean, modern appeal that attracts and retains quality tenants. With all upgrades complete, this is a true turnkey asset offering immediate income and long-term appreciation potential. Ideal for investors seeking reliable cashflow, strong yield, and hands-off management in a thriving McAllen rental market.
Property Features
Location Information
County
Hidalgo
Directions
Take the i-2 highway and exit on Business 83 highway into N 28th St.
Subdivision
Alaniz
Interior Features
Interior
Ceiling Fan(s), Dryer, Split Bedrooms, Washer
Laundry
Laundry Area, Washer/Dryer Connection
Heating
Central, Electric
Appliances
Electric Water Heater, Other
Cooling
Central Air, Electric
Total Number of Units
8
Floors
Laminate
Features
Sidewalks, Street Lights
Exterior Features
Construction
Frame/Wood
Garage Spaces
0
Exterior
Balcony, None
Parking Spaces
16
Foundation
Slab
Fencing
None
Roof
Shingle
Lot Size in Acres
0.252
Possession
Closing and Funding
Lot Size in Sq. Ft.
10,998
Septic or Sewer
City Sewer
Buildings
Outbuilding (None)
Security Features
Smoke Detector(s)
Energy Features
Other
Parking Description
No Carport, No Garage
Road Description
Paved
School
Elementary School District
McAllen ISD
Middle School
Travis
Elementary School
Alvarez
High School
Memorial H.S.
Additional Information
Property Type
RI
Units in Complex
2
Property SubType
Multi Family
Taxes
7983
Year Built
1993
Tax Year
2024
APN
A230000000002901
Square Feet Source
HidalgoCAD
Status
Active
Similar Listings
Mortgage Calculator
$3,408
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,630
Monthly Tax
$608
Monthly Insurance
$170
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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