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Image 1 - 505 N 12th St, McAllen, Texas, 78501 - House for sale
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N Th St, Mcallen, Home For Sale
505 N 12th St, McAllen, Texas, 78501

N Th St, Mcallen, Home For Sale

house for sale
Listed: 08/09/24

505 N 12th St, McAllen, Texas, 78501

Studio Bed:
3,841 Sq Ft Living Area:
Save
Price
$ 330,000

About This House

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.

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McAllen Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In August 2024, the asking price for 2 bed houses for sale in/near McAllen, United States averaged $234,718, staying on the same level compared to the previous month.
Median price trends for properties for sale in McAllen, United States as of August 2024.

Household Income

Median household income: $45,057
Number of households: 43,987
The average household income in McAllen, TX declined from $45,568 to $45,057 in the past year. This data is an estimate based upon 43,987 households in McAllen, TX.
The chart below presents how household income is distributed in McAllen, TX in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in McAllen, TX compared to median property taxes around the country. The prevalent amount of property taxes in McAllen, TX equals $3k+ , which is less than the national average.