5007 E US Highway 83 Rio Grande City, TX $ 1,650,000
5007 E US Highway 83
$ 1,650,000
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5007 E US Highway 83

Rio Grande City, TX, 78582
$ 1,650,000
Baths0.0 Sq 26,770

Monthly Estimate*

$ 10,159

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Studio

Multi-Family Home for sale in Rio Grande City, TX

for $1,650,000. This 26,770 square foot home was built in 2005 on a lot size of 0.913.

This 32-unit multi-family property, located on the north side of US Highway 83, presents an amazing opportunity to acquire a stabilized asset in a rapidly growing South Texas market. The property consists of five buildings situated on approximately 1.72 acres. Recent major renovations include new roofs (2021),a new concrete parking lot, and refurbished appliances in most of the units.

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Multi-Family Active

Price

$ 1,650,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 30,722

Style

Apartment

Lot Size

0.913

Year Built

2005

Town/City

Rio Grande City

County/Region

Starr

MLS | Web ID

497170

Features
General
Sewer City Sewer
Possession Closing and Funding
Property Subtype Apartment
Tax Year 2021
Community Features None
County Starr
Property Type Residential Income
HOA false
Subdivision Name Porcion 82 Nicolas Vela
Status Active
Directions WEST on US Hwy 83. Located on NORTH side of US Hwy 83 after North La Perica Street before reaching N Blanca Rd.
High School Rio Grande City H.S.
City Rio Grande City
High School District Rio Grande ISD
Lot Size Units Square Feet
Lot Size Square Feet 39769.8444
Elementary School Ramirez
Tax Annual Amount 30722
Home Warranty Y/N false
Middle/Junior High School Rio Hondo Junior High
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Rio Grande ISD
Elementary School District Rio Grande ISD
Legal Description AB 179 POR 82 NICOLAS VELASH 607230-1840-01
Freehold BBO VOW IDX
Living Area 26770
Cooling Central Air
Roof Shingle
Appliances Electric Water Heater Refrigerator Stove/Range
Garage Spaces 0
Construction Materials Brick HardiPlank Type
Year Built 2005
Stories Count 2
Energy Efficient None
Garage Y/N false
Carport Spaces 0
Carport Y/N false
Year Built Source SCAD
Heating Central
Insurance Expense 20913
Other Structures Laundry Facility Outbuilding (None)
Gross Income 232080
MaintenanceExpense 6000
Number Of Units Total 32
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Tile
Air Conditioning Y/N true
Heating Y/N true
Laundry Features None
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Exterior
Lot Size Area 39769.8444
Lot Size Acres 0.913
Road Surface Type Paved
Irrigation Water Rights Y/N false
Fencing None
Exterior Amenities None
Parking Features No Garage
Total Parking 0
Foundation Details Slab
Building Area Total 26770
Covered Spaces 0
Pool YN false
Number of Separate Water Meters 32
Number of Buildings 5
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* Excluded Features
List By
Jacob Galvan

Listing Agent

Ursa Real Estate

Broker

jacobgalvan000@gmail.com

Email

Affordability Calculator

$12,720
Per Month
80%
20%
0%
Monthly Principal & Interest
$10,159
Monthly Property Taxes
$2,560
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
3057535 Elementary School
0 Middle School
Rio Grande City H.S. High School High School
Pricing History
DatePricePrice ChangeDescription
3/3/2026$1,650,000 Listed Price

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5007 E US Highway 83, Rio Grande City, TX, 78582 is a Multi-Family Home for sale at $1,650,000 with 26,770 sqft and a lot size of 0.913. 5007 E US Highway 83 is a studio with 0.0 baths and was built in 2005. The property's zip code is 78582 which is in Rio Grande City, TX