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408 E Ulex Avenue McAllen, TX $ 1,275,000
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$ 1,275,000 Get more info
408 E Ulex Avenue
$ 1,275,000
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Share Save

408 E Ulex Avenue

McAllen, TX, 78504
$ 1,275,000
Bedrooms12 Baths12.0 Sq 10,376

Monthly Estimate*

$ 7,850

408 E Ulex Avenue, McAllen, TX 78504 - Image 1
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408 E Ulex Avenue, McAllen, TX 78504 - Image 10
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408 E Ulex Avenue, McAllen, TX 78504 - Image 12
408 E Ulex Avenue, McAllen, TX 78504 - Image 13
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Multi-Family Home for sale in McAllen, TX

for $1,275,000 with 12 bedrooms and 12 full baths. This 10,376 square foot home was built in 2000 on a lot size of 0.5974.

Exceptional investment opportunity in the heart of McAllen! This well-maintained 12-plex located at 408 Ulex Ave is the perfect addition to any investor’s portfolio. Each unit offers comfortable living spaces and is designed for easy maintenance and consistent rental income. The property is located in a high-demand rental area, close to shopping centers, schools, restaurants, and major roadways—making it ideal for long-term tenants. The complex features a solid rental history and water is included, simplifying management and reducing tenant turnover. With McAllen’s growing rental market and strong economic stability, this property offers the potential for excellent cash flow and appreciation. Whether you’re a seasoned investor or just starting out, this 12-unit property presents a rare opportunity to own a multi-family complex in one of the Valley’s most desirable areas.

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Multi-Family Active

Price

$ 1,275,000

Bedrooms

12

Full Bath

12

Property Type

Multi-Family

Taxes

$ 21,188

Style

Multi Family

Lot Size

0.5974

Year Built

2000

Town/City

McAllen

County/Region

Hidalgo

MLS | Web ID

485865
Features
General
Living Area 10376
Sewer City Sewer
Heating Central
Cooling Central Air
Possession Closing and Funding
Roof Shingle
Appliances Water Heater (Other Location) Dryer Refrigerator Stove/Range Washer
Garage Spaces 0
Security Features Smoke Detector(s)
Construction Materials Brick
Year Built 2000
Stories Count 1
Property Subtype Multi Family
Tax Year 2025
Gross Income 107520
Community Features None Sidewalks Street Lights
County Hidalgo
Insurance Expense 0
Property Type Residential Income
HOA No
Energy Efficient None
MaintenanceExpense 0
Subdivision Name Violet Terrace
Garage Y/N No
Other Structures Outbuilding (None)
Status Active
Directions Head north on N 10th St toward W Nolana Ave Turn right at the 1st cross street onto W Nolana Ave Turn left onto N C St/N Chai/N Chai C St Turn right onto E Ulex Ave Complex will be in the corner to y
High School Memorial H.S.
City McAllen
High School District McAllen ISD
Number Of Units Total 12
Lot Size Units Square Feet
Lot Size Square Feet 26023.1796
Carport Spaces 0
Carport Y/N No
Elementary School Gonzalez
Tax Annual Amount 21188
Home Warranty Y/N No
Middle/Junior High School Cathey
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District McAllen ISD
Elementary School District McAllen ISD
Year Built Source HCAD
Legal Description VIOLET TERRACE LOT 21-23
Freehold BBO VOW IDX
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Interior
Interior Amenities Ceiling Fan(s) Dryer Walk-In Closet(s) Washer
Flooring Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features Laundry Closet
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Exterior
Exterior Amenities Mature Trees
Fencing None
Parking Features Garage Faces Side
Lot Features Corner Lot Sidewalks
Total Parking 0
Lot Size Area 26023.1796
Foundation Details Slab
Number of Buildings 4
Building Area Total 10376
Lot Size Acres 0.5974
Road Surface Type Paved
Covered Spaces 0
Number of Separate Water Meters 1
Irrigation Water Rights Y/N No
Pool YN No
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* Excluded Features
List By
Norma Linda Elizondo

Listing Agent

Red Door Real Estate Services

Broker

norma@reddoorrgv.com

Email

Affordability Calculator

$9,616
Per Month
82%
18%
0%
Monthly Principal & Interest
$7,850
Monthly Property Taxes
$1,766
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
1203912 Elementary School
1204033 Middle School
Memorial H.S. High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/3/2025$1,275,000 Listed Price

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408 E Ulex Avenue, McAllen, TX, 78504 is a Multi-Family Home for sale at $1,275,000 with 10,376 sqft and a lot size of 0.5974. 408 E Ulex Avenue has 12 bedrooms, 12.0 baths, and was built in 2000. The property's zip code is 78504 which is in McAllen, TX

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