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$450,000

2305 N 32nd St, McAllen, TX, 78501

$477,003 ARVInfo
PendingInfo
Baths5,848 Sq Ft
ApartmentApartment
price_per_sqft$76.95 / sqft
Year BuiltBuilt in 2002

Highlights

Interior

Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size18,291 sqft

Building Information

Year Built2002
Stories1
Roof Type105

Land Information

APNL1320-00-000-0113-00
Lot Number113
SubdivisionLa Lomita Estates - Sml
Land UseCommercial
Legal DescriptionLA LOMITA ESTATES LOT 113
Census Tract020731
Assessed Land Value$152,273
Assessed Improvement Value$379,703
Assessment Year2025

About this property

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.

Investor Tools

$0Estimated Mortgage Balance
$531,976Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$477,002
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,192 /month
Positive
Cash Flow Estimate:
$1,064 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,062/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,081
$531,976
2025
$152,273
$379,703
$531,976
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,081
$531,976

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$531,976
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: McAllen

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2305 N 32nd St | Property Details | No Agent List