NOT LISTED FOR SALE

7432 Lakeside Blvd Olmito, TX 78575

Estimated Value: $739,000

-- Bed
-- Bath
6,804 Sq Ft
$109/Sq Ft Est. Value

Sale Details

Date Sold: January 29, 2026

125 Days on Market

Highlights

  • Deck
  • Double Pane Windows
  • Handicap Accessible
  • Los Fresnos High School Rated A-
  • Walk-In Closet
  • Tile Flooring

About This Home

As of January 2026

Turnkey Multifamily Investment – Two Fully Occupied Triplexes Incredible investment opportunity! This property features two well-maintained triplex apartment buildings (6 total units) situated on nearly half an acre in a desirable and high-demand rental area. Each unit is approximately 1,150 sq. ft. and offers a spacious 2-bedroom, 2-bath layout with a full suite of appliances included—refrigerator, stove, washer, and dryer. Property Highlights: Two 3-plex buildings (6 units total) Each unit is 2 Bed / 2 Bath – approx. 1,150 sq. ft. All appliances convey: Refrigerator, stove, washer, and dryer Currently 100% occupied $1,000/month per unit in rental income Located in a highly rated school district Only 10 minutes to shopping, restaurants, and hospitals Strong rental demand and low vacancy area This is a fully leased, income-producing property with upside potential in a growing market. Ideal for investors looking for stable cash flow with minimal upkeep.

Last Agent to Sell the Property

Jesus Garcia

Balboa Realty Brokerage Phone: 9564596337 License #TREC # 0794278 Listed on: 07/01/2025

Last Buyer's Agent

Jesus Garcia

Balboa Realty Brokerage Phone: 9564596337 License #TREC # 0794278 Listed on: 07/01/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2016

Lot Details

  • 0.43

Home Design

  • Slab Foundation

Interior Spaces

  • Walk-In Closet
  • 6,804 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Tile Flooring

Laundry

  • Dryer
  • Washer

Parking

  • 14 Car Garage
  • No Garage

Schools

  • Villarreal Elementary School
  • Resaca Middle School
  • Los Fresnos High School

Utilities

  • Central Heating
  • Electric Water Heater

Additional Features

  • Handicap Accessible
  • Deck
  • 18,750 Sq Ft Lot

Community Details

  • 6 Units
  • Olmito Original Townsite Groves Subdivision

Listing and Financial Details

  • Total Actual Rent $2,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2016

Lot Details

0.43 Acres

Listing Details

  • Flooring: Tile
  • Interior Amenities: Walk-In Closet(s), High Speed Internet
  • Year Built: 2016
  • Property Sub-Type: Multi Family
  • PropertyType: Residential Income
  • ResoLotFeatures: Curb & Gutter
  • Lot Size Acres: 0.43
  • Road Surface Type: Paved
  • Co List Office Phone: 956-459-6337
  • MLS Status: Sold
  • Subdivision Name: Olmito Original Townsite Groves
  • Reso Accessibility Features: Handicap Access
  • Unit Levels: One
  • Reso Window Features: Double Pane Windows
  • NAV25_rets_property_type: Residential Income
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Water Heater, Dryer, Refrigerator, Washer

Exterior Features

  • Construction Type: Concrete
  • Foundation Details: Slab
  • Other Structures: None
  • Patio And Porch Features: Deck/Balcony/Porch

Garage/Parking

  • Attached Garage: No
  • Attached Garage: Yes
  • Parking Features: 4 or More Car Garage, No Garage, Other
  • Total Parking Spaces: 14

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Heating: Central
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Villarreal
  • High School: Los Fresnos
  • Junior High Dist: Los Fresnos C.I.S.D.
  • Middle Or Junior School: Resaca

Lot Info

  • Lot Size Sq Ft: 18750
  • ResoLotSizeUnits: Square Feet

Multi Family

  • Number Of Units Total: 6
  • Total Actual Rent: 2000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2025
Closed on
Jan 29, 2026
Sold by
Bought by
Seller's Agent
Jesus Garcia
Balboa Realty
Buyer's Agent
Jesus Garcia
Balboa Realty
List Price
$739,000
Views
23

Purchase Details

Closed on
May 13, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 29, 2013
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 1998
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- San Jacinto Title
-- San Jacinton Title Services
-- None Available
-- None Available
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/29/2026 01/29/26 Sold -- -- --
11/16/2025 11/16/25 Off Market -- -- --
11/04/2025 11/04/25 Pending -- -- --
07/01/2025 07/01/25 For Sale $739,000 -- $109 / Sq Ft
Source: Rio Grande Valley Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,916 $545,414 $96,563 $448,851
2024 $7,916 $487,848
2023 $6,626 $406,540 $65,625 $340,915
2022 $7,180 $379,977 $35,625 $344,352
2021 $5,021 $252,993 $35,625 $217,368
2020 $5,096 $255,147 $35,625 $219,522
2019 $5,086 $257,297 $35,625 $221,672
2018 $5,121 $259,445 $35,625 $223,820
2017 $5,107 $259,445 $35,625 $223,820
2016 $711 $36,129 $35,625 $504
2015 $713 $36,129 $35,625 $504
Source: Public Records

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Map

Source: Rio Grande Valley Multiple Listing Service

MLS Number: 29766414

Rio Grande Valley Multiple Listing Service
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