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For sale
  • $375,000

    136 N Texas Ave, Mercedes, TX 78570

    --beds
    --baths
    2,240sqft
    : 
    $2,758/mo
    Get pre-qualified
    Multi Family
    Built in 1980
    -- sqft lot
    $361,400 Zestimate®
    $167/sqft
    $-- HOA

    What's special

    Cozy efficiency-style apartments
    Investment Opportunity: Discover a rare investment opportunity in the heart of Mercedes, Texas. This property features a 9-unit multi-family complex paired with a two-door commercial storefront, offering dual-income potential. The property is ideally located in a high-visibility area along N Texas Ave, providing possible stable residential cash flow and additional income from two street-front retail spaces. Property Highlights: - 9 total residential units, including cozy efficiency-style apartments - 2 commercial storefronts, suitable for retail, office, or small business rentals - Steady rental income with long-term tenants and low vacancy rates - Ideal for local retail, boutique, or office tenants - Strong cash flow potential from both residential and commercial tenants Located in a growing area of the Rio Grande Valley, this property offers both stability and upside. Don't miss out on this chance to own a multi-use property!
    261 days
    |
    22
    |
    0
    |

    Zillow last checked:

    Listed by:

    Joe Lee Hernandez,

    NextHome RGV Realty

    Source: NextHome,MLS#: 486573MLS Logo

      Facts & features

      Interior

      Features
      • Has basement: No
      Interior area
      • Total structure area: 2,240
      • Total interior livable area: 2,240 sqft

      Property

      Lot
      • Size: 3,920 Square Feet

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1980

      Community & HOA

      Location
      • Region: Mercedes

      Financial & listing details

      • Price per square foot: $167/sqft
      • Date on market: 11/9/2025
      • Lease term: Contact For Details

        Estimated market value

        $361,400

        $343,000 - $379,000

        $817/mo

        Price history

        DateEventPrice
        11/10/2025Listed for sale$375,000+62.3%$167/sqft
        Source: Greater McAllen AOR #486573 Report a problem
        10/17/2024Listed for rent$450
        Source: Zillow Rentals Report a problem
        8/31/2021Sold--
        Source: Greater McAllen AOR #354983 Report a problem
        5/25/2021Pending sale$231,000$103/sqft
        Source: Greater McAllen AOR #354983 Report a problem
        5/4/2021Listed for sale$231,000$103/sqft
        Source: Greater McAllen AOR #354983 Report a problem
        4/15/2021Listing removed--
        Source: Greater McAllen AOR #354983 Report a problem
        4/2/2021Listed for sale$231,000$103/sqft
        Source: Greater McAllen AOR #354983 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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: 78570

        Getting around

        73 / 100
        Very Walkable
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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