505 N 12th St McAllen, TX 78501
Estimated payment $2,082/month
Highlights
- Wood Flooring
- No HOA
- Balcony
- Corner Lot
- Covered Patio or Porch
- Cooling System Mounted In Outer Wall Opening
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,010
Year Built
- Built in 1976
Lot Details
- 0.33 Acre Lot
- Chain Link Fence
- Corner Lot
Home Design
- Quadruplex
- Brick Exterior Construction
- Pillar, Post or Pier Foundation
- Wood Frame Construction
- Composition Shingle Roof
Interior Spaces
- 3,841 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Wood Flooring
- Electric Range
- Laundry Room
Parking
- Garage
- 3 Carport Spaces
- Side Facing Garage
Outdoor Features
- Balcony
- Covered Patio or Porch
- Outdoor Storage
Schools
- Wilson Elementary School
- Travis Middle School
- Mcallen High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number N540000019000500
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
- North Mcallen Subdivision
Building Details
- Insurance Expense $3,734
- Maintenance Expense $11,425
- Gross Income $29,700
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,987 | $297,960 | $126,000 | $171,960 |
| 2023 | $7,010 | $297,960 | $126,000 | $171,960 |
| 2022 | $6,121 | $246,825 | $116,200 | $130,625 |
| 2021 | $5,849 | $228,958 | $116,200 | $112,758 |
| 2020 | $4,359 | $170,858 | $58,100 | $112,758 |
| 2019 | $4,334 | $170,858 | $58,100 | $112,758 |
| 2018 | $4,117 | $162,062 | $56,000 | $106,062 |
| 2017 | $3,981 | $156,095 | $56,000 | $100,095 |
| 2016 | $3,090 | $121,136 | $56,000 | $65,136 |
| 2015 | $2,764 | $118,977 | $56,000 | $62,977 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Price Changed | $275,000 | -7.7% | $72 / Sq Ft |
| 03/24/2025 03/24/25 | Price Changed | $298,000 | -2.1% | $78 / Sq Ft |
| 01/22/2025 01/22/25 | Price Changed | $304,500 | -1.5% | $79 / Sq Ft |
| 10/07/2024 10/07/24 | Price Changed | $309,000 | -6.4% | $80 / Sq Ft |
| 08/06/2024 08/06/24 | For Sale | $330,000 | -- | $86 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $100,000 | Commercial |
Source: Greater McAllen Association of REALTORS®
MLS Number: 446232
APN: N5400-00-019-0005-00
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.
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.
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