For sale

$1,975,000

2095 La Palma St, San Benito, TX 78586

3beds

2baths

23,816sqft

$14,643/mo

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Apartment, Multi Family

Built in 1994

-- sqft lot

$1,373,400 Zestimate^®

$83/sqft

$-- HOA

What's special

Prime 36-Unit Apartment Complex. Strong Income & Value-Add Potential. Multifamily investment opportunity. This 36-unit apartment complex features a mix of 34 two-bedroom units and 2 one-bedroom units, offering a solid foundation of stable rental income with room for upside through continued renovations and management efficiencies. Units feature semi-updated interiors. All electrical is individually metered, providing utility cost transparency for tenants, while water is serviced by two master meters. Key property features include: On-site laundry facilities for additional revenue, ample parking, office space (may be convertible into additional units or other income-generating use), and strategic location. The complex enjoys strong occupancy and presents a clear opportunity to increase NOI through rental growth, operational efficiencies, and selective capital improvements. Financial packet, pro forma, and rent roll available upon request.

428 days

47

2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Has Heating (Unspecified Type)

Cooling

Central Air, Electric

Appliances

Included: Electric Water Heater, Refrigerator, Stove/Range
Laundry: Laundry Area

Features

Ceiling Fan(s)
Flooring: Carpet, Other, Vinyl
Windows: Double Pane Windows

Interior area

Total structure area: 23,816
Total interior livable area: 23,816 sqft

Property

Parking

Parking features: No Carport, No Garage

Features

Patio & porch: Deck/Balcony/Porch
Fencing: Chain Link,Non Privacy

Lot

Size: 1.2 Acres

Details

Additional structures: Laundry Facility, Office
Parcel number: 6108201240009310

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment, Multi Family

Materials

Brick, Wood Siding
Foundation: Slab
Roof: Composition

Condition

Year built: 1994

Utilities & green energy

Sewer: Public Sewer
Water: Public

Green energy

Energy efficient items: None, Thermostat

Community & HOA

Community

Features: Curbs, Street Lights
Subdivision: San Benito Land & Water Co.

HOA

Has HOA: No

Location

Region: San Benito

Financial & listing details

Price per square foot: $83/sqft
Annual tax amount: $21,265
Date on market: 5/27/2025
Road surface type: Paved

Estimated market value

$1,373,400

$989,000 - $1.88M

$962/mo

Price history

Date	Event	Price
5/27/2025	Listed for sale	$1,975,000$83/sqft
Source: Greater McAllen AOR #472199 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.

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.

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Climate risks

Neighborhood: 78586

Getting around

36 / 100

Car-Dependent

37 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

5/10
Fred Booth Global Leadership Academy
Grades: PK-5Distance: 0.8 mi
5/10
Berta Cabaza Middle School
Grades: 6-8Distance: 0.8 mi
2/10
San Benito High School
Grades: 9-12Distance: 0.3 mi

Schools provided by the listing agent

Elementary: Fred Booth
Middle: Cabaza
High: San Benito H.S.
District: San Benito 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.