Investment Opportunity in the Heart of McAllen! Well-maintained 4-plex located at 2904 Highland Ave offering strong rental potential and a proven steady rental history. All four units are currently leased, providing immediate and consistent cash flow from day one—a true turnkey investment opportunity. Each unit is individually metered for electricity, while the property operates on a single water meter averaging approximately $150/month, helping keep operating expenses low. Built in 2000 with an effective year built of 2010, this property has been consistently maintained, supporting long-term tenant retention and overall condition. Ideally situated near Rowe High School with convenient access to major roadways, shopping, and dining. This centrally located multifamily asset is perfect for investors seeking stable, income-producing property in a high-demand rental market.
For sale
$385,000
2904 Highland Ave, McAllen, TX 78501
6beds
4baths
3,384sqft
Quadruplex, Multi Family
Built in 2000
-- sqft lot
$-- Zestimate®
$114/sqft
$-- HOA
What's special
- 174 days
- 54
- 3
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Cecilia Olivarez 956-353-2401,
Hch Realty
Source: Greater McAllen AOR,MLS#: 498364
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Refrigerator, Stove/Range
- Laundry: None
Features
- Ceiling Fan(s)
- Flooring: Tile
- Windows: Double Pane Windows
Interior area
- Total structure area: 3,384
- Total interior livable area: 3,384 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached, No Garage, Other Garage or Carport
- Carport spaces: 4
Features
- Patio & porch: Deck
- Fencing: Wood
Lot
- Size: 8,250 Square Feet
- Features: Curb & Gutters, Sidewalks
Details
- Additional structures: Outbuilding (None)
- Parcel number: L132000000009100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Attic Fans
Community & HOA
Community
- Features: Curbs, Sidewalks, Street Lights
- Security: Smoke Detector(s)
- Subdivision: La Lomita Estates
HOA
- Has HOA: No
Location
- Region: Mcallen
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $280,000
- Annual tax amount: $5,126
- Date on market: 3/17/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,226/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Listed for sale | $385,000+8.5%$114/sqft |
Source: Greater McAllen AOR #498364 Report a problem | ||
| 3/30/2022 | Sold | -- |
Source: Greater McAllen AOR #366480 Report a problem | ||
| 3/5/2022 | Pending sale | $355,000$105/sqft |
Source: Greater McAllen AOR #366480 Report a problem | ||
| 2/16/2022 | Price change | $355,000+12.7%$105/sqft |
Source: Greater McAllen AOR #366480 Report a problem | ||
| 12/28/2021 | Pending sale | $315,000$93/sqft |
Source: Greater McAllen AOR #366480 Report a problem | ||
| 10/11/2021 | Price change | $315,000-6%$93/sqft |
Source: Greater McAllen AOR #366480 Report a problem | ||
| 9/25/2021 | Listed for sale | $335,000$99/sqft |
Source: Greater McAllen AOR #366480 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,126 -5% | $280,000 -1.7% |
| 2024 | $5,396 -9.4% | $284,739 -9.4% |
| 2023 | $5,955 +39.3% | $314,196 +33.3% |
| 2022 | $4,275 +9.9% | $235,682 +16.2% |
| 2021 | $3,891 | $202,753 -0.9% |
| 2020 | -- | $204,640 -0.9% |
| 2019 | $3,957 -18% | $206,527 +6.8% |
| 2018 | $4,827 | $193,384 +1.8% |
| 2017 | $4,827 +29.3% | $189,998 +29.8% |
| 2016 | $3,732 +3.9% | $146,330 +6.2% |
| 2015 | $3,591 | $137,840 -1.7% |
| 2014 | $3,591 | $140,190 -0.8% |
| 2013 | -- | $141,365 -0.8% |
| 2012 | -- | $142,541 -0.8% |
| 2011 | -- | $143,716 -8.3% |
| 2010 | -- | $156,740 -0.8% |
| 2009 | -- | $158,047 -0.8% |
| 2008 | -- | $159,351 +4.4% |
| 2007 | -- | $152,620 +5.1% |
| 2006 | -- | $145,191 -0.8% |
| 2005 | -- | $146,410 +21.9% |
| 2004 | -- | $120,069 -2.4% |
| 2003 | -- | $123,021 +2.8% |
| 2002 | -- | $119,721 |
| 2001 | -- | $119,721 -0.8% |
| 2000 | -- | $120,688 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 78501
Nearby schools
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.
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