About 613 S 12th Street
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.
Features of 613 S 12th Street
| MLS® # | 501268 |
|---|---|
| Price | $379,000 |
| Square Footage | 3,343 |
| Acres | 0.16 |
| Year Built | 1971 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 613 S 12th Street |
|---|---|
| Subdivision | Mcallen Addition |
| City | McAllen |
| County | Hidalgo |
| State | TX |
| Zip Code | 78501 |
Amenities
| Parking Spaces | 1 |
|---|---|
| Parking | Detached, Other Garage or Carport, Garage Faces Rear |
| Is Waterfront | No |
| Has Pool | No |
| Laundry Features | None |
| Community Amenities | Curbs, Other, Sidewalks, Street Lights |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Electric Water Heater, Refrigerator, Stove/Range |
| Heating | Central |
| Cooling | Central Air, Window Unit(s) |
| Total # of Units | 7 |
| # of Buildings | 2 |
Exterior
| Exterior Features | Other |
|---|---|
| Lot Description | Alley, Curb & Gutters, Mature Trees, Sidewalks |
| Roof | Shingle |
| Construction | Block, Other, Siding |
| Foundation | Slab |
School Information
| District | McAllen ISD |
|---|---|
| Elementary | Fields |
| Middle | Travis |
| High | McAllen H.S. |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| Annual Tax | $7,689 |
| Property Insurance | $1,800 |
| Gross Income | $46,740 |
| HOA Association | No |
Listing Details
| Agent | Erasmo Arjona |
|---|---|
| Office | RE/MAX elite |
| Contact Info | 956-522-9632 |