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For sale
    • Price cut: $10K (5/23)
    $689,000

    317 N 28th St, McAllen, TX 78501

    16beds
    8baths
    7,200sqft
    : 
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    Apartment, Multi Family
    Built in 1993
    -- sqft lot
    $-- Zestimate®
    $96/sqft
    $-- HOA

    What's special

    High-Cashflow 8-Unit Multifamily | Fully Renovated | $80K+ Annual Income Discover this turnkey 8-unit investment property in the heart of McAllen, TX, delivering strong, stable cashflow exceeding $80,000 per year. Each unit offers 2 bedrooms and 1 bathroom, featuring fully renovated interiors with new kitchens, modern flooring, updated showers, and all-new systems throughout — ensuring minimal maintenance and long-term durability. Unit Rents: $850–$975/month Occupancy: 100% leased Parking: 16 dedicated spaces Utilities: Separately metered; tenants pay all utilities The property’s comprehensive exterior and interior renovations give it a clean, modern appeal that attracts and retains quality tenants. With all upgrades complete, this is a true turnkey asset offering immediate income and long-term appreciation potential. Ideal for investors seeking reliable cashflow, strong yield, and hands-off management in a thriving McAllen rental market.
    55 days
    |
    178
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Alejandro Lopez 956-562-0442,

    Capital Advisors Real Estate Group

    Source: Greater McAllen AOR,MLS#: 504739

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 16
      • Bathrooms: 8
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Electric Water Heater, Other
      • Laundry: Laundry Area
      Features
      • Ceiling Fan(s)
      • Flooring: Laminate
      Interior area
      • Total structure area: 7,200
      • Total interior livable area: 7,200 sqft

      Property

      Parking
      • Parking features: No Carport, No Garage
      Features
      • Exterior features: Balcony, None
      • Fencing: None
      Lot
      • Size: 0.25 Acres
      Details
      • Additional structures: Outbuilding (None)
      • Parcel number: A230000000002901

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Apartment, Multi Family
      Materials
      • Frame/Wood
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Year built: 1993

      Utilities & green energy

      • Sewer: Public Sewer
      Green energy
      • Energy efficient items: Other

      Community & HOA

      Community
      • Features: Sidewalks, Street Lights
      • Subdivision: Alaniz
      HOA
      • Has HOA: No
      Location
      • Region: Mcallen

      Financial & listing details

      • Price per square foot: $96/sqft
      • Tax assessed value: $415,000
      • Annual tax amount: $7,983
      • Date on market: 5/18/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $866/mo

        Price history

        DateEventPrice
        7/2/2026Listing removed$825
        Source: Zillow Rentals Report a problem
        5/23/2026Price change$689,000-1.4%$96/sqft
        Source: Greater McAllen AOR #504739 Report a problem
        5/21/2026Listed for rent$825+3.1%
        Source: Zillow Rentals Report a problem
        5/21/2026Listing removed$800
        Source: Zillow Rentals Report a problem
        5/18/2026Price change$699,000-4.2%$97/sqft
        Source: Greater McAllen AOR #504739 Report a problem
        2/17/2026Price change$800+3.2%
        Source: Zillow Rentals Report a problem
        2/2/2026Listed for rent$775
        Source: Zillow Rentals Report a problem
        1/21/2026Listing removed$775
        Source: Zillow Rentals Report a problem
        12/30/2025Price change$775-6.1%
        Source: Zillow Rentals Report a problem
        12/19/2025Price change$825-2.9%
        Source: Zillow Rentals Report a problem
        11/15/2025Price change$729,999-0.7%$101/sqft
        Source: Greater McAllen AOR #485728 Report a problem
        11/10/2025Price change$734,999-1.3%$102/sqft
        Source: Greater McAllen AOR #485728 Report a problem
        11/7/2025Price change$744,999-2.6%$103/sqft
        Source: Greater McAllen AOR #485728 Report a problem
        10/29/2025Listed for sale$764,999$106/sqft
        Source: Greater McAllen AOR #485728 Report a problem
        10/27/2025Listing removed$764,999$106/sqft
        Source: Greater McAllen AOR #465476 Report a problem
        10/20/2025Price change$764,999-4.4%$106/sqft
        Source: Greater McAllen AOR #465476 Report a problem
        9/12/2025Listed for rent$850
        Source: Zillow Rentals Report a problem
        9/4/2025Listed for sale$799,900+5.3%$111/sqft
        Source: Greater McAllen AOR #465476 Report a problem
        5/29/2025Listing removed$759,999$106/sqft
        Source: Greater McAllen AOR #465476 Report a problem
        5/1/2025Price change$759,999-2.6%$106/sqft
        Source: Greater McAllen AOR #465476 Report a problem
        4/15/2025Price change$779,999-1.3%$108/sqft
        Source: Greater McAllen AOR #465476 Report a problem
        4/10/2025Price change$789,999-2.5%$110/sqft
        Source: Greater McAllen AOR #465476 Report a problem
        3/18/2025Listed for sale$810,000$113/sqft
        Source: Greater McAllen AOR #465476 Report a problem
        3/3/2025Listing removed$810,000$113/sqft
        Source: Greater McAllen AOR #458456 Report a problem
        2/18/2025Listed for sale$810,000$113/sqft
        Source: Greater McAllen AOR #458456 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,597 +18.2%$415,000 +22.3%
        2024$6,430 +20%$339,312 +20%
        2023$5,359 -0.5%$282,760 +5%
        2022$5,386 +0%$269,295 +3%
        2021$5,384 $261,451 -1%
        2020-- $263,971 -0.9%
        2019$5,477 -1.7%$266,483 +16.4%
        2018$5,570 $229,000 +4.5%
        2017$5,570 +15.6%$219,226 +16%
        2016$4,820 +4.2%$188,980 +2.1%
        2015$4,627 $185,079 +17.4%
        2013-- $157,645 +5.2%
        2012-- $149,809 -9.5%
        2011-- $165,447 -21.9%
        2010-- $211,898 -0.9%
        2009-- $213,753 -0.9%
        2008-- $215,609 +4.3%
        2007-- $206,669 +14.9%
        2006-- $179,945 -1%
        2005-- $181,681 +17.5%
        2004-- $154,631 +10.7%
        2001-- $139,685 -21%
        2000-- $176,883
        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.
        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

        61 / 100
        Somewhat Walkable
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Alvarez
        • Middle: Travis
        • High: Memorial 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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