Prime investment opportunity in the heart of Downtown McAllen. This fully occupied 6-unit multifamily property delivers strong, stable income with nearly $4,000/month in rents and an estimated 7.7% cap rate at the current asking price. Located in the desirable 78501 zip code, this property sits just minutes from 10th St and Expressway 83, offering excellent accessibility for tenants and consistent rental demand. Units are well-maintained, leased, and ideal for long-term cash flow. Downtown McAllen continues to grow with nearby shopping, restaurants, City Hall, and major employment centers, making this a reliable addition to any portfolio. Whether expanding your holdings or entering the multifamily sector, this property provides immediate income, strong fundamentals, and unbeatable location convenience. Don’t miss this rare opportunity in one of McAllen’s most sought-after rental corridors.
For sale
Price cut: $10K (7/25)
$379,000
613 S 12th St, McAllen, TX 78501
5beds
6baths
3,343sqft
Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$113/sqft
$-- HOA
What's special
Units are well-maintained
- 138 days |
- 49 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Erasmo Arjona 956-522-9632,
Re/Max Elite
Source: Greater McAllen AOR,MLS#: 501268
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Electric Water Heater, Refrigerator, Stove/Range
- Laundry: None
Features
- Other
- Flooring: Tile
Interior area
- Total structure area: 3,343
- Total interior livable area: 3,343 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached, Other Garage or Carport, Garage Faces Rear
- Carport spaces: 1
Features
- Exterior features: Other
- Fencing: Chain Link,None,Other
Lot
- Size: 7,000 Square Feet
- Features: Alley, Curb & Gutters, Mature Trees, Sidewalks
Details
- Additional structures: Outbuilding
- Parcel number: M195000050001000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other, Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
Green energy
- Energy efficient items: Other
Community & HOA
Community
- Features: Curbs, Other, Sidewalks, Street Lights
- Subdivision: Mcallen Addition
HOA
- Has HOA: No
Location
- Region: Mcallen
Financial & listing details
- Price per square foot: $113/sqft
- Tax assessed value: $337,128
- Annual tax amount: $7,689
- Date on market: 4/9/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,698/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2026 | Price change | $379,000-2.6%$113/sqft |
Source: Greater McAllen AOR #501268 Report a problem | ||
| 4/9/2026 | Listed for sale | $389,000+3.7%$116/sqft |
Source: Greater McAllen AOR #501268 Report a problem | ||
| 8/15/2023 | Sold | -- |
Source: Greater McAllen AOR #528004_401882 Report a problem | ||
| 7/21/2023 | Pending sale | $375,000$112/sqft |
Source: Greater McAllen AOR #401882 Report a problem | ||
| 4/20/2023 | Listed for sale | $375,000$112/sqft |
Source: Greater McAllen AOR #401882 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,172 +13.8% | $337,128 +17.8% |
| 2024 | $5,422 +13.5% | $286,094 +13.5% |
| 2023 | $4,777 +13.2% | $252,032 +19.4% |
| 2022 | $4,222 +14.5% | $211,089 +17.9% |
| 2021 | $3,686 | $179,002 -0.1% |
| 2020 | -- | $179,101 +21.7% |
| 2019 | $3,024 -20.1% | $147,106 |
| 2018 | $3,784 | $147,106 -1.2% |
| 2017 | $3,784 +28.8% | $148,957 +29.3% |
| 2016 | $2,938 +3% | $115,172 +0.3% |
| 2015 | $2,853 | $114,807 +3.1% |
| 2014 | $2,853 | $111,377 -3% |
| 2013 | -- | $114,807 +37.2% |
| 2012 | -- | $83,667 -5.2% |
| 2011 | -- | $88,238 -2.5% |
| 2010 | -- | $90,522 -4.3% |
| 2009 | -- | $94,581 -2.4% |
| 2008 | -- | $96,866 +0.5% |
| 2007 | -- | $96,363 -2% |
| 2006 | -- | $98,329 -3.1% |
| 2005 | -- | $101,521 +19.5% |
| 2004 | -- | $84,970 +102.4% |
| 2003 | -- | $41,986 +16.3% |
| 2002 | -- | $36,091 |
| 2001 | -- | $36,091 -2% |
| 2000 | -- | $36,827 |
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: Downtown
Nearby schools
GreatSchools rating
- 7/10Fields Elementary SchoolGrades: PK-5Distance: 0.5 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: Fields
- Middle: Travis
- High: McAllen 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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