613 S 12TH STREET, MCALLEN, TX 78501
Homes for sale in Mcallen.
Homes for sale in 78501.
613 S 12th Street
McAllen, TX 78501
List Price$389,000
Listing #501268
3,343
Square Feet
7
Number of Units
Multi-Unit Residential
Type
About This Property
Prime investment opportunity in the heart of Downtown McAllen. This fully occupied 6-unit multifamily property delivers strong, stable income with nearly $4,000/month in rents and an estimated 7.7% cap rate at the current asking price. Located in the desirable 78501 zip code, this property sits just minutes from 10th St and Expressway 83, offering excellent accessibility for tenants and consistent rental demand. Units are well-maintained, leased, and ideal for long-term cash flow. Downtown McAllen continues to grow with nearby shopping, restaurants, City Hall, and major employment centers, making this a reliable addition to any portfolio. Whether expanding your holdings or entering the multifamily sector, this property provides immediate income, strong fundamentals, and unbeatable location convenience. Don't miss this rare opportunity in one of McAllen's most sought-after rental corridors.
Property Features
Location Information
County
Hidalgo
Directions
From Expressway North on 10th St, left on Galveston, right on S 12th St. Property will be on your right.
Subdivision
Mcallen Addition
Interior Features
Interior
Other
Laundry
None
Heating
Central
Appliances
Electric Water Heater, Refrigerator, Stove/Range
Cooling
Central Air, Window Unit(s)
Total Number of Units
7
Floors
Tile
Features
Curbs, Other, Sidewalks, Street Lights
Exterior Features
Construction
Block, Other, Siding
Parking Spaces
1
Exterior
Other
Fencing
Chain Link, None, Other
Foundation
Slab
Lot Description
Alley, Curb & Gutters, Mature Trees, Sidewalks
Roof
Shingle
Lot Size in Acres
0.161
Possession
Closing and Funding
Lot Size in Sq. Ft.
7,000
Septic or Sewer
City Sewer
Buildings
Outbuilding (Other)
Parking Description
Detached, Other Garage or Carport, Garage Faces Rear
Energy Features
Other
Garage Spaces
0
Road Description
Paved
School
Elementary School District
McAllen ISD
Middle School
Travis
Elementary School
Fields
High School
McAllen H.S.
Additional Information
Property Type
RI
Units in Complex
7
Property SubType
Multi Family
Taxes
7689
Year Built
1971
Tax Year
2025
APN
M195000050001000
Square Feet Source
HidalgoCAD
Status
Active
Similar Listings
Mortgage Calculator
$1,815
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,401
Monthly Tax
$324
Monthly Insurance
$90
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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