408 E Ulex Avenue McAllen, TX $ 1,200,000
408 E Ulex Avenue
$ 1,200,000
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408 E Ulex Avenue

McAllen, TX, 78504
$ 1,200,000
Baths0.0 Sq 10,376

Monthly Estimate*

$ 7,389

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Studio

Multi-Family Home for sale in McAllen, TX

for $1,200,000. 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

$ 1,200,000

Bedrooms

Studio

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
Sewer City Sewer
Possession Closing and Funding
Property Subtype Multi Family
Tax Year 2025
Community Features None Sidewalks Street Lights
County Hidalgo
Property Type Residential Income
HOA false
Subdivision Name Violet Terrace
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 your Right
High School Memorial H.S.
City McAllen
High School District McAllen ISD
Lot Size Units Square Feet
Lot Size Square Feet 26023.1796
Elementary School Gonzalez
Tax Annual Amount 21188
Home Warranty Y/N false
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
Legal Description VIOLET TERRACE LOT 21-23
Freehold BBO VOW IDX
Living Area 10376
Cooling Central Air
Roof Shingle
Appliances Water Heater (Other Location) Dryer Refrigerator Stove/Range Washer
Garage Spaces 0
Construction Materials Brick
Year Built 2000
Stories Count 1
Energy Efficient None
Garage Y/N false
Carport Spaces 0
Carport Y/N false
Year Built Source HCAD
Heating Central
Insurance Expense 0
Security Features Smoke Detector(s)
Other Structures Outbuilding (None)
Gross Income 107520
MaintenanceExpense 0
Number Of Units Total 12
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Interior
Interior Amenities Ceiling Fan(s) Dryer Walk-In Closet(s) Washer
Flooring Tile
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Laundry Closet
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Exterior
Lot Size Area 26023.1796
Lot Size Acres 0.5974
Road Surface Type Paved
Irrigation Water Rights Y/N false
Lot Features Corner Lot Sidewalks
Fencing None
Exterior Amenities Mature Trees
Parking Features Garage Faces Side
Total Parking 0
Foundation Details Slab
Building Area Total 10376
Covered Spaces 0
Pool YN false
Number of Separate Water Meters 1
Number of Buildings 4
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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

$9,154
Per Month
81%
19%
0%
Monthly Principal & Interest
$7,389
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 High School
Pricing History
DatePricePrice ChangeDescription
2/6/2026$1,200,000 Listed Price

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408 E Ulex Avenue, McAllen, TX, 78504 is a Multi-Family Home for sale at $1,200,000 with 10,376 sqft and a lot size of 0.5974. 408 E Ulex Avenue is a studio with 0.0 baths and was built in 2000. The property's zip code is 78504 which is in McAllen, TX