For sale

$450,000

2305 N 32nd St, McAllen, TX 78501

3beds

2baths

5,848sqft

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Apartment, Multi Family

Built in 2002

-- sqft lot

$-- Zestimate^®

$77/sqft

$-- HOA

What's special

Tile flooringCeiling fansGranite countertopsCrown molding

8-Unit Multifamily Investment Opportunity in McAllen A rare opt for a hands-on investor. This well-maintained 8-unit multifamily property is a straightforward path to increased income with minimal capital investment. Recent vacancy is attributable to prior ownership policy, such as rent increases & pet restrictions. comparable 2BR/1BA units in the immediate area are currently leasing in the $795-$900 range, supporting strong upside once the two vacant units are re-leased. The unit includes seven 2-bedroom/1-bath units & one 1-bedroom/1-bath, each unit has tile flooring, granite countertops, crown molding, and ceiling fans. Built in 2002, the property features individually metered electric & water service, 14+ parking spaces, Buyer and buyer's agent to independently verify all information, including square footage, unit mix, income, expenses, and occupancy history. Full rent roll and pro forma available in docs.

6 days

199

16

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Has Heating (Unspecified Type)

Cooling

Central Air

Appliances

Included: Electric Water Heater, Refrigerator, Stove/Range
Laundry: Laundry Closet, Washer/Dryer Connection

Features

Ceiling Fan(s), Crown Molding
Flooring: Tile

Interior area

Total structure area: 5,848
Total interior livable area: 5,848 sqft

Property

Parking

Parking features: Garage Faces Front

Features

Exterior features: None
Fencing: None

Lot

Size: 0.42 Acres
Features: Irregular Lot

Details

Additional structures: Outbuilding (None)
Parcel number: L132000000011300

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment, Multi Family

Materials

Brick
Foundation: Slab
Roof: Composition

Condition

New construction: No
Year built: 2002

Utilities & green energy

Water: Public

Green energy

Energy efficient items: None

Community & HOA

Community

Features: None, Street Lights
Security: Smoke Detector(s)
Subdivision: La Lomita Estates

HOA

Has HOA: No

Location

Region: Mcallen

Financial & listing details

Price per square foot: $77/sqft
Tax assessed value: $531,976
Annual tax amount: $12,133
Date on market: 7/13/2026
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$876/mo

Price history

Date	Event	Price
7/13/2026	Listed for sale	$450,000-37.9%$77/sqft
Source: Greater McAllen AOR #509460 Report a problem
6/16/2023	Listing removed	--
Source: Greater McAllen AOR #398925 Report a problem
2/24/2023	Listed for sale	$725,000+4.3%$124/sqft
Source: Greater McAllen AOR #398925 Report a problem
3/1/2022	Listing removed	--
Source: Greater McAllen AOR #374579 Report a problem
1/18/2022	Listed for sale	$695,000$119/sqft
Source: Greater McAllen AOR #374579 Report a problem
1/13/2022	Listing removed	--
Source: RE/MAX International Report a problem
11/18/2021	Listed for sale	$695,000$119/sqft
Source: Greater McAllen AOR #365316 Report a problem
11/10/2021	Pending sale	$695,000$119/sqft
Source: Greater McAllen AOR #365316 Report a problem
9/21/2021	Listed for sale	$695,000$119/sqft
Source: Greater McAllen AOR #365316 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,739 -3.4%	$531,976
2024	$10,081 -0.9%	$531,976 -0.9%
2023	$10,177 +30.5%	$536,944 +37.7%
2022	$7,800 +15.6%	$390,000 +19%
2021	$6,749	$327,760 -0.8%
2020	--	$330,530 -0.8%
2019	$6,851 -12%	$333,296 +4%
2018	$7,787	$320,587 +4.6%
2017	$7,787 -3.6%	$306,506 -3.2%
2016	$8,078 +26.4%	$316,714 +26.9%
2015	$6,392	$249,567
2014	$6,392	$249,567 +0.1%
2013	--	$249,373
2012	--	$249,373 -6.7%
2011	--	$267,356 -0.9%
2010	--	$269,845 -0.9%
2009	--	$272,324 +15.6%
2008	--	$235,647 +5.6%
2007	--	$223,109 -16.7%
2006	--	$267,894 -0.9%
2005	--	$270,219 -2.3%
2004	--	$276,620 +19.3%
2003	--	$231,895 +596.6%
2002	--	$33,290
2001	--	$33,290
2000	--	$33,290

Find assessor info on the county website

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: 78501

Getting around

32 / 100

Car-Dependent

37 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

9/10
Seguin Elementary School
Grades: PK-5Distance: 0.3 mi
6/10
De Leon Middle School
Grades: 6-8Distance: 1.3 mi
6/10
Rowe High School
Grades: 9-12Distance: 0.5 mi

Schools provided by the listing agent

Elementary: Seguin
Middle: De Leon
High: Rowe H.S.
District: McAllen 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.