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For sale
  • Price cut: $9.1K (7/16)
    $599,400

    121 Melon Dr, Los Fresnos, TX 78566

    --beds
    --baths
    5,760sqft
    : 
    $4,371/mo
    Get pre-qualified
    Multi Family
    Built in 1984
    -- sqft lot
    $-- Zestimate®
    $104/sqft
    $-- HOA

    What's special

    Generous tract
    Rare investment opportunity with this package of four duplexes being sold together as an 8-plex in the rapidly growing Los Fresnos market. At $6,295 gross monthly income this fully occupied property offers immediate, stable cash flow, making it an ideal addition to any investor's portfolio. Each duplex is 2 bed/ 1 bath on one side and 3 bed / 1 bath on the other. Each unit is well-positioned to meet strong rental demand, while the overall property presents a compelling value-add opportunity for those looking to increase rents, improve operations, or enhance the asset over time. Situated on a generous tract, the property also includes additional land, opening the door for potential expansion or future development—further maximizing your return on investment. Whether you're a seasoned investor or looking to scale your portfolio, this 8-plex delivers both current income and long-term upside in one of the area's most promising markets. Owner is a licensed real estate agent in Texas.
    97 days
    |
    137
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Cesar Cepeda 956-908-3224,

    GRT Realty

    Source: RGVMLS,MLS#: 29776128MLS Logo

      Facts & features

      Interior

      Heating
      • Central
      Appliances
      • Included: Refrigerator, Electric Water Heater
      Features
      • None, High Speed Internet
      • Flooring: Tile
      Interior area
      • Total structure area: 5,760
      • Total interior livable area: 5,760 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 16
      • Parking features: 4 or More Car Garage
      • Has garage: Yes
      Features
      • Levels: One
      • Exterior features: None
      • Fencing: None
      Lot
      • Size: 1.38 Acres
      • Features: None
      Details
      • Additional structures: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Block
      • Foundation: Slab
      Condition
      • Year built: 1984

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      Green energy
      • Energy efficient items: None

      Community & HOA

      Community
      • Subdivision: Garwal Estates
      Location
      • Region: Los Fresnos

      Financial & listing details

      • Price per square foot: $104/sqft
      • Date on market: 5/4/2026
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,196/mo

        Price history

        DateEventPrice
        7/16/2026Price change$599,400-1.5%$104/sqft
        Source: RGVMLS #29776128 Report a problem
        6/24/2026Price change$608,500-0.2%$106/sqft
        Source: RGVMLS #29776128 Report a problem
        5/13/2026Price change$609,500-0.1%$106/sqft
        Source: RGVMLS #29776128 Report a problem
        5/4/2026Listed for sale$610,000$106/sqft
        Source: RGVMLS #29776128 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 78566

        Getting around

        1 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Los Fresnos
        • Middle: Los Cuates
        • High: Los Fresnos
        • District: Los Fresnos C.I.S.D.

        Source: RGVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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