818 Walnut Ave McAllen, TX 78501
Estimated payment $2,529/month
Highlights
- Corner Lot
- No HOA
- Tile Flooring
- Cathey Middle School Rated A-
- Laundry closet
- Central Heating and Cooling System
About This Home
Calling all savvy investors! Check out this charming 4-plex in the heart of McAllen, bursting with potential and ready for some TLC. Situated in one of the city's most promising investment areas, this property is your canvas to transform and create a valuable asset. With spacious units and a prime location, the possibilities are endless. Whether you're looking to renovate for rental income or flip for profit, this is the opportunity you've been waiting for. Don't miss out on making your mark in McAllen's thriving real estate market! This could be used as an owner occupied investment or short /long term rentals ! This Multi Property features 4 parking spots and is perfect for those looking to generate rental income. Don’t miss out on this great opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,801
Year Built
- Built in 1974
Lot Details
- 0.53 Acre Lot
- Corner Lot
Home Design
- Quadruplex
- Brick Exterior Construction
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
Interior Spaces
- 4,224 Sq Ft Home
- 1-Story Property
- Tile Flooring
Laundry
- Laundry closet
- Washer and Dryer Hookup
Parking
- 4 Carport Spaces
- No Garage
Schools
- Jackson Elementary School
- Cathey Middle School
- Memorial High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number H295000002000800
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Highland Center Subdivision
Building Details
- Maintenance Expense $2,400
- Gross Income $22,200
Map
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 |
|---|---|---|---|---|
| 2025 | $11,327 | $613,017 | $248,851 | $364,166 |
| 2024 | $11,327 | $483,008 | $248,852 | $234,156 |
| 2023 | $10,509 | $446,668 | $209,450 | $237,218 |
| 2022 | $7,801 | $314,586 | $162,445 | $152,141 |
| 2021 | $7,503 | $293,678 | $162,445 | $131,233 |
| 2020 | $7,492 | $293,678 | $162,445 | $131,233 |
| 2019 | $7,472 | $294,563 | $162,445 | $132,118 |
| 2018 | $6,836 | $269,069 | $144,011 | $125,058 |
| 2017 | $5,321 | $208,616 | $92,167 | $116,449 |
| 2016 | $4,832 | $189,452 | $92,167 | $97,285 |
| 2015 | $4,126 | $174,877 | $92,167 | $82,710 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/03/2026 03/03/26 | For Sale | $365,000 | +46.6% | $86 / Sq Ft | |
| 08/09/2021 08/09/21 | Sold | -- | -- | -- | View Prior Sale |
| 04/14/2021 04/14/21 | Pending | -- | -- | -- | |
| 04/06/2021 04/06/21 | For Sale | $249,000 | 0.0% | $59 / Sq Ft | |
| 03/30/2021 03/30/21 | Pending | -- | -- | -- | |
| 02/25/2021 02/25/21 | For Sale | $249,000 | -- | $59 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Corporation Service |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $302,491 | Construction |
Source: Greater McAllen Association of REALTORS®
MLS Number: 497297
APN: H2950-00-002-0008-00
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.
Copyright 2026 Greater McAllen Association of Realtors. All rights reserved.
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Ask me questions while you tour the home.