For sale

$299,000

164 W Us Highway 83, Rio Grande City, TX 78582

12beds

9baths

4,437sqft

$2,441/mo

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Multi Family

Built in 1995

-- sqft lot

$-- Zestimate^®

$67/sqft

$-- HOA

What's special

Detached pier-and-beam single-family residence

Exceptional income-producing multifamily investment opportunity in Rio Grande City, TX. The property includes eight (8) apartment units and one (1) detached pier-and-beam single-family residence across three building structures. Apartment improvements consist of seven (7) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit, plus a 3-bedroom/1-bath home. Currently 100% occupied with established tenants, the property offers immediate cash flow and value-add potential. Situated on approximately 0.50 acres with 214 feet of frontage along Old US Hwy 83, the property offers future upside through rental growth, operational efficiencies, or site improvements (subject to applicable approvals). Seller-provided financials indicate an approximate 13% capitalization rate. Conveniently located near the Rio Grande City Medical Corridor, UTRGV Starr County Campus, South Texas College, shopping, dining, schools, and major employers.

59 days
66
5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 9

Heating

Has Heating (Unspecified Type)

Cooling

Electric, Window Unit(s)

Appliances

Included: Electric Water Heater, Electric Cooktop, Refrigerator, Stove/Range
Laundry: None, Washer/Dryer Connection

Features

Ceiling Fan(s)
Flooring: Tile

Interior area

Total structure area: 4,437
Total interior livable area: 4,437 sqft

Property

Parking

Total spaces: 4
Parking features: Detached, Other Garage or Carport
Carport spaces: 4

Features

Patio & porch: Covered Patio, Patio, Patio Slab
Fencing: Decorative Metal,None

Lot

Size: 0.5 Acres
Features: Irregular Lot

Details

Additional structures: Outbuilding (None)
Parcel number: 000820780001620000010 /000820780001620000000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Stucco
Foundation: Slab
Roof: Shingle

Condition

Year built: 1995

Utilities & green energy

Sewer: Public Sewer
Water: Public

Green energy

Energy efficient items: None

Community & HOA

Community

Features: None
Subdivision: Porcion 78

HOA

Has HOA: No

Location

Region: Rio Grande City

Financial & listing details

Price per square foot: $67/sqft
Annual tax amount: $6,261
Date on market: 7/20/2026
Road surface type: Caliche, Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/20/2026	Listed for sale	$299,000+8.7%$67/sqft
Source: Greater McAllen AOR #509418 Report a problem
9/8/2023	Sold	--
Source: Greater McAllen AOR #410680 Report a problem
8/24/2023	Pending sale	$275,000$62/sqft
Source: Greater McAllen AOR #410680 Report a problem
8/18/2023	Price change	$275,000-3.5%$62/sqft
Source: Greater McAllen AOR #410680 Report a problem
8/14/2023	Price change	$285,000-3.4%$64/sqft
Source: Greater McAllen AOR #410680 Report a problem
7/26/2023	Listed for sale	$295,000$66/sqft
Source: Greater McAllen AOR #410680 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: 78582

Getting around

27 / 100

Car-Dependent

37 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

4/10
Roque Guerra Jr Elementary School
Grades: PK-5Distance: 0.7 mi
5/10
Veterans Middle School
Grades: 6-8Distance: 1.7 mi
5/10
Rio Grande City High School
Grades: 9-12Distance: 5.3 mi

Schools provided by the listing agent

Elementary: Roque-Guerra
Middle: Veterans
High: Rio Grande City H.S.
District: Rio Grande ISD

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