317 N 28th Street McAllen, TX $ 729,999
317 N 28th Street
$ 729,999
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317 N 28th Street

McAllen, TX, 78501
$ 729,999
Baths0.0 Sq 7,200

Monthly Estimate*

$ 4,495

317 N 28th Street, McAllen, TX 78501 - Image 1
317 N 28th Street, McAllen, TX 78501 - Image 2
317 N 28th Street, McAllen, TX 78501 - Image 3
317 N 28th Street, McAllen, TX 78501 - Image 4
317 N 28th Street, McAllen, TX 78501 - Image 5
Studio

Multi-Family Home for sale in McAllen, TX

for $729,999. This 7,200 square foot home was built in 1993 on a lot size of 0.2525.

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.

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Multi-Family Active

Price

$ 729,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,983

Style

Multi Family

Lot Size

0.2525

Year Built

1993

Town/City

McAllen

County/Region

Hidalgo

MLS | Web ID

485728

Features
General
Sewer City Sewer
Possession Closing and Funding
Property Subtype Multi Family
Tax Year 2024
Community Features Sidewalks Street Lights
County Hidalgo
Property Type Residential Income
HOA false
Subdivision Name Alaniz
Status Active
Directions Take the i-2 highway and exit on Business 83 highway into N 28th St.
High School Memorial H.S.
City McAllen
High School District McAllen ISD
Lot Size Units Square Feet
Lot Size Square Feet 10998.9
Elementary School Alvarez
Tax Annual Amount 7983
Home Warranty Y/N false
Middle/Junior High School Travis
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District McAllen ISD
Elementary School District McAllen ISD
Legal Description ALANIZ LOT 29
Freehold BBO VOW IDX
Living Area 7200
Cooling Central Air Electric
Roof Shingle
Appliances Electric Water Heater Other
Garage Spaces 0
Construction Materials Frame/Wood
Year Built 1993
Stories Count 1
Energy Efficient Other
Garage Y/N false
Carport Spaces 16
Carport Y/N true
Year Built Source HCAD
Heating Central Electric
Insurance Expense 5000
Security Features Smoke Detector(s)
Other Structures Outbuilding (None)
Gross Income 80400
MaintenanceExpense 1200
Number Of Units Total 8
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Interior
Interior Amenities Ceiling Fan(s) Dryer Split Bedrooms Washer
Flooring Laminate
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Laundry Area Washer/Dryer Connection
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Exterior
Lot Size Area 10998.9
Lot Size Acres 0.2525
Road Surface Type Paved
Irrigation Water Rights Y/N false
Fencing None
Exterior Amenities Balcony None
Parking Features No Carport No Garage
Total Parking 16
Foundation Details Slab
Building Area Total 7200
Lot Dimensions 100x110
Covered Spaces 16
Pool YN false
Number of Separate Water Meters 0
Number of Buildings 2
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* Excluded Features
List By
Joshua C. Brown

Listing Agent

Capital Advisors Real Estate Group

Broker

jbrown@browngroupintl.com

Email

Affordability Calculator

$5,160
Per Month
87%
13%
0%
Monthly Principal & Interest
$4,495
Monthly Property Taxes
$665
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3057157 Elementary School
3057398 Middle School
Memorial H.S. High School High School
Pricing History
DatePricePrice ChangeDescription
11/15/2025$729,999 Listed Price

Map


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317 N 28th Street, McAllen, TX, 78501 is a Multi-Family Home for sale at $729,999 with 7,200 sqft and a lot size of 0.2525. 317 N 28th Street is a studio with 0.0 baths and was built in 1993. The property's zip code is 78501 which is in McAllen, TX