$1,295,000

1312 W Kennedy St Pharr, TX 78577

Estimated payment $9,510/month

Total Views 1,865
-- Bed
-- Bath
11,152 Sq Ft
$116 Price per Sq Ft

Highlights

  • 0.87 Acre Lot
  • No HOA
  • Crown Molding
  • High Ceiling
  • Double Pane Windows
  • Walk-In Closet

About This Home

Investment Opportunity – 10 Modern Units in Prime McAllen Location!

Now available: a turn-key multifamily property featuring 10 well-maintained units ideally located near the intersection of Nolana and Jackson Rd., one of McAllen’s most accessible and high-demand areas. This income-generating complex includes:
• Five 3-bedroom, 2-bath units – spacious layouts, perfect for families or roommates
• Five 2-bedroom, 2-bath units – ideal for professionals, couples, or small families

Each unit is thoughtfully designed with modern finishes, tile flooring, open-concept living and kitchen areas, and dedicated parking spaces. The exteriors are freshly painted with a clean, uniform aesthetic and low-maintenance landscaping, giving the property excellent curb appeal.

Conveniently situated just minutes from shopping centers, schools, restaurants, and major thoroughfares, this property offers consistent rental demand and long-term investment potential.

Listing Agent

Juan Elizondo

Re/Max Elite Listed on: 06/19/2025

Re/Max Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,102

Year Built

  • Built in 2019

Lot Details

  • 0.87 Acre Lot
  • Privacy Fence
  • Wood Fence
  • Sprinkler System

Parking

  • 20 Carport Spaces

Home Design

  • Slab Foundation
  • Composition Shingle Roof
  • Stucco
  • Stone

Interior Spaces

  • Walk-In Closet
  • 11,152 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Porcelain Tile
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave

Laundry

  • Laundry closet
  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Thermostat

Schools

  • Arnold Elementary School
  • Lbj Middle School
  • Psja North High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number B203500000002200

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 5 Units
  • Beamsley Subdivision

Building Details

  • Insurance Expense $5,040
  • Maintenance Expense $5,000
  • Gross Income $131,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,102

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Directions: Head south on Jackson Rd. from the intersection with Nolana Ave., then turn left (east) onto Kennedy Ave. The property will be on the north side of the street.
  • Year Built: 2019
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.8738
  • Road Surface Type: Paved
  • Subdivision Name: Beamsley
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Thermostat
  • Building Stories: 1
  • GMAR_Escrow: 12995
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Microwave, Refrigerator, Stove/Range-Electric Smooth
  • Flooring: Porcelain Tile
  • Living Area: 11152
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

  • Exterior Features: Sprinkler System
  • Interior Amenities: Ceiling Fan(s), Crown/Cove Molding, Decorative/High Ceilings, Dryer, Microwave, Walk-In Closet(s), Washer
  • Fencing: Privacy, Wood
  • Lot Features: Sidewalks, Sprinkler System
  • Home Warranty: No
  • Construction Type: Stone, Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 20
  • Covered Parking Spaces: 20
  • Parking Features: Detached
  • Total Parking Spaces: 20

Utilities

  • Laundry Features: Laundry Area, Washer/Dryer Connection
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Association: No

Schools

  • Elementary School: Arnold
  • High School: PSJA North H.S.
  • Junior High Dist: PSJA ISD
  • Middle Or Junior School: LBJ

Lot Info

  • Lot Size Sq Ft: 38063.1636
  • Parcel #: B203500000002200

Building Info

  • Buildings: 5

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 30102

Multi Family

  • Number Of Units In Community: 5
  • Number Of Units Total: 10
  • Annual Gross Income: 131100
  • Insurance Expense: 5040

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $25,085 $935,256 $247,416 $687,840
2023 $23,999 $895,428 $247,416 $648,012
2022 $21,840 $778,633 $152,256 $626,377
2021 $19,170 $671,133 $152,256 $518,877
2020 $16,619 $574,513 $152,256 $422,257
2019 $2,789 $95,160 $95,160 $0
2018 $3,702 $125,611 $125,611 $0
2017 $1,923 $64,709 $64,709 $0
2016 $1,923 $64,709 $64,709 $0
2015 $1,915 $64,709 $64,709 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 For Sale $1,295,000 -- $116 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Edwards Abstract & Title Co
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $89,840 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: Greater McAllen Association of REALTORS®

MLS Number: 474063

Greater McAllen Association of REALTORS®

APN: B2035-00-000-0022-00