3201 S 6TH LANE, MCALLEN, TX 78503
Homes for sale in Mcallen.
Homes for sale in 78503.
List Price$580,000
3201 S 6th Lane
McAllen, TX 78503
Listing #510192
4,754
Square Feet
4
Number of Units
Multi-Unit Residential
Type
About This Property
RARE INVESTMENT OPPORTUNITY! One of the LARGEST FOURPLEXES currently available in the market, this NEW CONSTRUCTION 2025 multifamily property offers approximately 4,800 SF of living space featuring four spacious units, each with 3 BEDROOMS and 2 FULL BATHROOMS. Each thoughtfully designed unit features an OPEN-CONCEPT FLOOR PLAN, contemporary finishes, modern fixtures WITH SMART LED MIRRORS, quality materials, and energy-efficient construction designed for comfortable, low-maintenance living. A major advantage for investors--ALL FOUR UNITS ARE CURRENTLY LEASED, providing IMMEDIATE RENTAL INCOME from day one. Each unit is leased at $1,495 per month, generating approximately $5,980 in MONTHLY GROSS RENTAL INCOME, $71,760 annually, AND A 9% CAP RATE. Conveniently located in McAllen near major highways, shopping, dining, hospitals, schools, and everyday amenities, this property offers strong tenant appeal and long-term investment potential.
Property Features
Location Information
County
Hidalgo
Directions
From Expressway 83, take Exit 142 toward 10th Street. Turn right onto S 10th Street after Starbucks Coffee, then turn left onto Bales Road. Turn right onto S 6th Lane. The property will be located on the left.
Subdivision
La Paz
Interior Features
Interior
Built-in Features, Ceiling Fan(s), Decorative/High Ceilings, Dryer, Microwave, Washer
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Heating
Central, Electric
Total Number of Units
4
Cooling
Central Air, Electric
Features
Street Lights
Floors
Tile
Windows/Doors Description
Energy Features (Double Pane Windows)
Laundry
Laundry Area, Washer/Dryer Connection
Exterior Features
Construction
Stucco
Garage Spaces
0
Exterior
Other
Parking Spaces
8
Foundation
Slab
Fencing
Other
Roof
Shingle
Lot Description
Cul-De-Sac
Possession
Closing and Funding
Lot Size in Acres
0.287
Septic or Sewer
City Sewer
Lot Size in Sq. Ft.
12,496
Water
Public
Buildings
Outbuilding (None)
Security Features
Smoke Detector(s)
Energy Features
Thermostat
Parking Description
No Garage
Road Description
Paved
School
Elementary School District
McAllen ISD
Middle School
De Leon
Elementary School
Milam
High School
Memorial H.S.
Additional Information
Property Type
RI
Units in Complex
4
Property SubType
Quadruplex
Taxes
13523
Year Built
2025
Tax Year
2025
APN
L168000000001100
Square Feet Source
HidalgoCAD
Status
Active
Similar Listings
Mortgage Calculator
$2,708
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,090
Monthly Tax
$483
Monthly Insurance
$135
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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