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$305,000

2820 Wichita Ave, McAllen, TX, 78503

On MarketInfo
Just AddedInfo
CommercialInfo
Beds3 Beds
Baths0 Bath
Baths3,034 Sq Ft
price_per_sqft$100.53 / sqft
Year BuiltBuilt in 1975

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 0Bathrooms 0
AppliancesElectric Water Heater, Gas Water Heater
FlooringOther

About this property

Exceptional investment opportunity! This unique property features a well-maintained 3-bedroom, 2-bath main home with a versatile den, plus a separate two-story addition offering two income-producing apartments. The first-floor apartment includes 1 bedroom and 1 bath, while the second-floor apartment features 2 bedrooms and 2 baths. Conveniently located near the expressway, shopping, restaurants, hospitals, and other everyday amenities. Whether you’re looking for a primary residence with rental income potential or an investment property, this one offers endless possibilities!

Investor Tools

$0Estimated Mortgage Balance
$240,227Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,830 /month
Positive
Cash Flow Estimate:
$610 /month

Interested in this property?

Jessica Castellanos

Coldwell Banker La Mansion

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$392/month
No HOA
5.947%

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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2820 Wichita Ave | Property Details | No Agent List