505 N 12th St

505 N 12th St, Mcallen, TX 78501

  • For Sale $298,000
  • Property Type Multi-Family
  • Property Size 3,841 SF
  • Units 4
  • Lot Size 0.32 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1976
  • Date Updated Jun 26, 2025
Prime investment opportunity in McAllen's centrally located Historic District! This fully occupied multi-tenant property features four apartments with long-term tenants, providing steady income from day one. Situated on a 1/3 acre with three buildings, each offering yard space, the property has potential for rent increases with some TLC. Enjoy quick access to major highways, public transportation, McAllen Miller International Airport and McAllen's vibrant downtown, known for its shopping, dining, and entertainment. Just steps from the nostalgic Casa de Palmas Hotel, Archer Park, the popular food truck park, and the annual McAllen Art Crawl, this property offers both charm and growth potential. Don’t miss this opportunity!Prime investment opportunity in McAllen's centrally located Historic District! This fully occupied multi-tenant property features four apartments with long-term tenants, providing steady income from day one. Situated on a 1/3 acre with three buildings, each offering yard space, the property has potential for rent increases with some TLC. Enjoy quick access to major highways, public transportation, and McAllen's vibrant downtown, known for its shopping, dining, and entertainment. Just steps from the nostalgic Casa de Palmas Hotel, Archer Park, the popular food truck park, and the annual McAllen Art Crawl, this property offers both charm and growth potential. Don’t miss this opportunity!
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Highlights

  • Excellent location near McAllen’s vibrant downtown, well-established neighborhood and historic district
  • Fully occupied fourplex with long-term tenants — income-producing from day one
  • Located in a stable community with consistent rental demand
  • Quick access to major roads and public transportation — ideal for tenants
  • Three separate buildings on a 1/3-acre lot with dedicated yard space for each unit
  • TLC needed, but strong value-add potential with room for rent increases
  • Walking distance to Archer Park and its popular food truck park

Contacts

broker
Marsha Acosta, Broker Associate

Rio Grande Valley

Location

Getting Around

  • Walk Score ®

    89/100 Very Walkable

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Mcallen, TX
  • Neighborhood McAllen
  • Zip Code 78501
  • Market McAllen

Points of Interest

  • H-E-B Fuel

    1.26 miles

  • 76

    1.35 miles

  • Valero

    1.44 miles

  • Exxon

    1.63 miles

  • Sunoco

    1.81 miles

  • Tesla Supercharger

    1.87 miles

  • Costco Gasoline

    1.97 miles

  • Car Rental Lot

    1.92 miles

  • 5

    4.38 miles

  • 1

    4.46 miles

  • 6

    4.46 miles

  • 3

    4.54 miles

  • 2

    4.55 miles

  • Visitor Bus Parking

    6.19 miles

  • E8

    7.45 miles

  • B1

    7.51 miles

  • E39

    7.56 miles

  • Casa De Palmas, Trademark Collection by Wyndham

    0.29 miles

  • La Quinta Inn & Suites McAllen La Plaza Mall

    1.05 miles

  • Super 8 by Wyndham McAllen/Downtown/La Plaza Mall

    1.21 miles

  • Clarion Inn near McAllen Airport

    1.22 miles

  • Days Inn by Wyndham McAllen

    1.26 miles

  • Comfort Suites at Plaza Mall

    1.26 miles

  • Residence Inn McAllen

    1.26 miles

  • Motel 6 Mcallen, TX

    1.27 miles

  • Drury Inn & Suites McAllen

    1.31 miles

  • Hilton Garden Inn McAllen Airport

    1.42 miles

  • McAllen Mobile Food Park

    0.28 miles

  • The Gremlin

    0.62 miles

  • Jack in the Box

    0.70 miles

  • Whataburger

    0.83 miles

  • Taqueria El Zarape

    0.91 miles

  • Siempre Natural

    0.92 miles

  • Taco Palenque

    0.99 miles

  • El Pastor Grill

    1.31 miles

  • Olive Garden

    1.35 miles

  • Schlotzsky's

    1.39 miles

  • Our Lady of Sorrows Catholic School

    0.16 miles

  • New Start School

    0.20 miles

  • Woodrow Wilson Elementary School

    0.25 miles

  • McAllen Student Alternative School

    0.28 miles

  • Lamar Academy

    0.37 miles

  • McAllen Learning Center

    0.44 miles

  • Jose Antonio Navarro Elementary School

    0.64 miles

  • Victor Fields Elementary School

    0.68 miles

  • Travis Middle School

    0.78 miles

  • Instruction and Guidance Center

    0.85 miles

  • The Edutainment Zone

    1.68 miles

  • Little Shining Stars Daycare

    3.90 miles

Frequently Asked Questions

How much does 505 N 12th St cost?

The space currently listed for sale at 505 N 12th St asks for $298,000.

What is the total square footage of 505 N 12th St?

505 N 12th St totals 3,841 square feet.

When was this property built?

505 N 12th St was built in 1976.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Marsha Acosta, Broker Associate

Rio Grande Valley

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