$675,000

502 N 15th St McAllen, TX 78501

Estimated payment $4,259/month

Total Views 2,585
-- Bed
-- Bath
4,008 Sq Ft
$168 Price per Sq Ft

Highlights

  • Mature Trees
  • Corner Lot
  • Covered Patio or Porch
  • Wood Flooring
  • No HOA
  • Cooling Available

About This Home

Renovated 5 unit apartment complex in Historic Palm District!! On the corner of 15th St. and Ebony in prime downtown location of McAllen!! The Seller has invested in many upgrades and improvements including but not limited to electrical, exterior stucco refinish and paint, new a/c mini splits on each apartment. Water/Trash included in the rent. There is a potential to raise rents in all units. Rent roll available.

Listing Agent

Noe Lopez

Re/Max Rgv Commercial Group Listed on: 06/18/2025

Re/Max Rgv Commercial Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,954

Year Built

  • Built in 1973

Lot Details

  • 10,500 Sq Ft Lot
  • Partially Fenced Property
  • Wood Fence
  • Corner Lot
  • Mature Trees

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Shingle Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • 4,008 Sq Ft Home
  • 2-Story Property
  • Stove

Flooring

  • Wood
  • Tile

Parking

  • Garage
  • No Garage
  • Side Facing Garage

Outdoor Features

  • Covered Patio or Porch

Schools

  • Wilson Elementary School
  • Travis Middle School
  • Mcallen High School

Utilities

  • Cooling Available
  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number N540000021001100

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • North Mcallen Subdivision

Building Details

  • Insurance Expense $2,000
  • Maintenance Expense $500
  • Gross Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,954

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Directions: Located on the corner of 15th street and Ebony in McAllen. From Business 83 go North on 15th St.
  • Year Built: 1973
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.241
  • Road Surface Type: Paved
  • Subdivision Name: North Mcallen
  • Carport Y N: No
  • Garage Yn: No
  • Efficiency: None
  • Building Stories: 2
  • GMAR_Escrow: 10000
  • Special Features: None
  • Stories: 2

Interior Features

  • Roof: Composition Shingle, Metal
  • Appliances: Electric Water Heater, Gas Water Heater, Refrigerator, Stove/Range
  • Flooring: Hardwood, Tile
  • Living Area: 4008

Exterior Features

  • Exterior Features: None
  • Interior Amenities: Other
  • Fencing: Partial, Wood
  • Lot Features: Alley, Corner Lot, Mature Trees, Sidewalks
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Covered Patio
  • Pool YN: No

Garage/Parking

  • Parking Features: No Garage, Garage Faces Side

Utilities

  • Laundry Features: None
  • Cooling: Electric, Other HVAC
  • Cooling Y N: Yes
  • Heating: Electric, Other HVAC
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Wilson
  • High School: McAllen H.S.
  • Junior High Dist: McAllen ISD
  • Middle Or Junior School: Travis

Lot Info

  • Lot Size Sq Ft: 10500.138
  • Parcel #: N540000021001100

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7954

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 5
  • Annual Gross Income: 48000
  • Insurance Expense: 2000

Map

Range of Values:

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Average Value
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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 $7,055 $300,840 $94,500 $206,340
2023 $6,635 $282,000 $94,500 $187,500
2022 $6,114 $246,541 $85,575 $160,966
2021 $5,310 $207,869 $85,575 $122,294
2020 $5,461 $214,051 $85,575 $128,476
2019 $4,882 $192,480 $85,575 $106,905
2018 $4,734 $186,315 $85,575 $100,740
2017 $4,847 $190,052 $85,575 $104,477
2016 $3,571 $140,024 $85,575 $54,449
2015 $3,153 $134,637 $85,575 $49,062
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 For Sale $675,000 +200.0% $168 / Sq Ft
04/30/2019 04/30/19 Sold -- -- --
03/08/2019 03/08/19 Pending -- -- --
01/17/2019 01/17/19 For Sale $225,000 -- $56 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Source: Greater McAllen Association of REALTORS®

MLS Number: 474025

Greater McAllen Association of REALTORS®

APN: N5400-00-021-0011-00

Texas Hidalgo County McAllen 78501

502 N 15th St, McAllen, TX

This home is located at 502 N 15th St, McAllen, TX 78501 and is currently priced at $675,000, approximately $168 per square foot. This property was built in 1973. 502 N 15th St is a home located in Hidalgo County with nearby schools including Wilson Elementary School, Travis Middle School, and McAllen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater McAllen Association of REALTORS® The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed.

Copyright 2025 Greater McAllen Association of Realtors. All rights reserved.

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Noe Lopez
Listing Agent
Noe Lopez
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Re/Max Rgv Commercial Group
(956) 450-7870