Prime investment opportunity in an established McAllen neighborhood. This fully occupied multi-tenant property features four apartments with long-term tenants, offering steady income from day one. Ideally located with quick access to McAllen's main arteries, it's close to the vibrant nightlife of the historical and downtown districts and within walking distance to Archer Park and its popular food truck park. While the property needs some TLC, there's significant potential for rent increases, making it an excellent investment. There are 3 buildings on the 1/3 acre property with yard space for each area. Enjoy the benefits of a stable community, easy access to public transportation, and major highways. Don't miss this chance to own a promising property with great growth potential.
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Price Unknown
505 N 12th St, McAllen, TX 78501
--beds
--baths
3,841sqft
Multi Family
Built in 1976
-- sqft lot
$-- Zestimate®
$--/sqft
$1,676 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,676/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Marsha Acosta 956-560-8525,
Coldwell Banker La Mansion Real Estate
Bought with:
Mark Wells, TREC # 0523858
JPAR
Source: RGVMLS,MLS#: 29755608
Facts & features
Interior
Appliances
- Included: Refrigerator, Electric Water Heater
- Laundry: Common Area
Interior area
- Total structure area: 3,841
- Total interior livable area: 3,841 sqft
Property
Parking
- Total spaces: 6
- Parking features: 4 or More Car Garage, Attached, On Street
- Has attached garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: Two
Lot
- Size: 0.33 Acres
- Features: Corner Lot, Sidewalks
Details
- Parcel number: N540000019000500
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Foundation: Combination
Condition
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: None
Community & neighborhood
Location
- Region: Mcallen
- Subdivision: North Mcallen
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2025 | Sold | -- |
Source:  RGVMLS #29755608 Report a problem | ||
| 8/19/2025 | Pending sale | $275,000$72/sqft |
Source: RGVMLS #29755608 Report a problem | ||
| 7/25/2025 | Price change | $275,000-7.7%$72/sqft |
Source: Greater McAllen AOR #446232 Report a problem | ||
| 3/24/2025 | Price change | $298,000-2.1%$78/sqft |
Source: Greater McAllen AOR #446232 Report a problem | ||
| 1/22/2025 | Price change | $304,500-1.5%$79/sqft |
Source: Greater McAllen AOR #446232 Report a problem | ||
| 10/7/2024 | Price change | $309,000-6.4%$80/sqft |
Source: Greater McAllen AOR #446232 Report a problem | ||
| 8/6/2024 | Listed for sale | $330,000$86/sqft |
Source: Greater McAllen AOR #446232 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,661 -35.2% | $357,552 +20% |
| 2024 | $5,647 0% | $297,960 |
| 2023 | $5,648 +14.4% | $297,960 +20.7% |
| 2022 | $4,937 +4.7% | $246,825 +7.8% |
| 2021 | $4,714 | $228,958 +34% |
| 2020 | -- | $170,858 |
| 2019 | $3,512 -11.4% | $170,858 +5.4% |
| 2018 | $3,966 | $162,062 +3.8% |
| 2017 | $3,966 +28.4% | $156,095 +28.9% |
| 2016 | $3,090 +11.8% | $121,136 +1.8% |
| 2015 | $2,764 | $118,977 +10.2% |
| 2014 | $2,764 | $107,930 -2.2% |
| 2013 | -- | $110,388 +6.1% |
| 2012 | -- | $104,068 -2.3% |
| 2011 | -- | $106,505 -8.8% |
| 2010 | -- | $116,729 -2.3% |
| 2009 | -- | $119,483 +0.7% |
| 2007 | -- | $118,688 +2.8% |
| 2006 | -- | $115,499 -3.2% |
| 2005 | -- | $119,350 +1.4% |
| 2004 | -- | $117,725 +6.7% |
| 2003 | -- | $110,313 +9.7% |
| 2002 | -- | $100,582 |
| 2001 | -- | $100,582 -2.1% |
| 2000 | -- | $102,750 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Fields Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Travis Middle SchoolGrades: 6-8Distance: 0.4 mi
- 6/10Mcallen High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Wilson
- Middle: Travis
- High: Mcallen
- District: Mcallen I.S.D.
Source: RGVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Texas
- Hidalgo County
- McAllen
- 78501
- Downtown
- 505 N 12th St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other McAllen Topics
