McAllen Investment Properties

3 Beds ⋅ 4 Baths ⋅ 509500 MLS ⋅ Villagio SubDv. ⋅ ACTIVE Status

Welcome to this stunning, move-in-ready townhome on a corner lot in the gated Villagio community in North McAllen! Thoughtfully designed with 3 beds, 3.5 baths, 2 living areas, a flex room, laundry room, and a bonus sunroom, this low-maintenance home offers space to live, work, and relax. The downstairs primary suite is a true retreat, featuring a walk-in closet and double vanity. The open-concept kitchen impresses with a large island, abundant counter space, and all appliances included. The garage is a standout, complete with epoxy flooring, a Tesla charger, gym setup, and built-in shelving. Additional upgrades include a reverse osmosis filtration system, sprinkler system, Cat 5 network cables, a full security system, Ring cameras, and smart thermostat. Outside, unwind under a vine-covered pergola surrounded by mature trees and lush landscaping. HOA amenities include a resort-style pool, fitness center, clubhouse, and terraza with a built-in grill. Schedule your private showing today!

1321 Ozark Avenue, Mcallen

$5,640,000

510074 MLS ⋅ Parklane SubDv. ⋅ ACTIVE Status

Excellent investment opportunity! Parklane Apartments is a 94-unit complex spanning 9 buildings near Bicentennial Blvd and Dove Ave in North McAllen. Unit mix includes 34 one-bed/one-bath units (each with a private patio) and 60 two-bed/one-bath units, all conveying with a stove and refrigerator. Built in 1982, the property features on-site laundry, a swimming pool, tennis court, and basketball court, and is professionally managed with an established tenant screening process. This location is a proven value-renter magnet! Adjacent to Bill Schupp Park, minutes from Doctors Hospital at Renaissance, and close to South Texas College and UT Rio Grande Valley. Easy access to I-2 and I-69C, plus proximity to La Plaza Mall and Downtown's 17th Street entertainment district, adds tenant appeal. Located within McAllen ISD. A solid, stable asset in one of South Texas's strongest markets. Don't miss this opportunity!

1701 Avocet Avenue, Mcallen

$420,000

508615 MLS ⋅ Greenway Heights SubDv. ⋅ ACTIVE Status

Exceptional Investment Opportunity – Fully Leased Fourplex in McAllen! Expand your investment portfolio with this fully leased fourplex offering immediate rental income in a convenient McAllen location. This well-maintained multifamily property features a desirable unit mix of 3 bedroom, 2 bath and 2-bedroom, 1.5 bath units, appealing to a broad range of tenants. Residents enjoy the convenience of on-site parking, separate electric meters with tenants responsible for their own electric service, & quick access to many of McAllen’s most popular destinations. Just minutes from H-E-B, shopping centers, restaurants, medical facilities, schools, and the vibrant downtown McAllen district, this property offers the accessibility today’s renters value. Whether you’re expanding an existing portfolio or purchasing your next income-producing property, this fourplex combines a strong location, established occupancy, & excellent long-term investment potential. Schedule your private tour today!

608 W Iris Avenue, Mcallen

$580,000

510192 MLS ⋅ La Paz SubDv. ⋅ ACTIVE Status

RARE INVESTMENT OPPORTUNITY! One of the LARGEST FOURPLEXES currently available in the market, this NEW CONSTRUCTION 2025 multifamily property offers approximately 4,800 SF of living space featuring four spacious units, each with 3 BEDROOMS and 2 FULL BATHROOMS. Each thoughtfully designed unit features an OPEN-CONCEPT FLOOR PLAN, contemporary finishes, modern fixtures WITH SMART LED MIRRORS, quality materials, and energy-efficient construction designed for comfortable, low-maintenance living. A major advantage for investors—ALL FOUR UNITS ARE CURRENTLY LEASED, providing IMMEDIATE RENTAL INCOME from day one. Each unit is leased at $1,495 per month, generating approximately $5,980 in MONTHLY GROSS RENTAL INCOME, $71,760 annually, AND A 9% CAP RATE. Conveniently located in McAllen near major highways, shopping, dining, hospitals, schools, and everyday amenities, this property offers strong tenant appeal and long-term investment potential.

3201 S 6th Lane, Mcallen

$1,950,000

509848 MLS ⋅ Bonham SubDv. ⋅ ACTIVE Status

Amazing investment opportunity with these 36 units located in south McAllen. The property consists of 5 buildings on three corner lots of Jordan Rd. & S. 28th street. The apartments are within a quarter mile walking distance of Escandon, Airport, Palmview & Uvalde city parks, along with Palmview Library & Recreation center. The property has a city bus stop and easy access to the freeway.

2700 S 28th Street, Mcallen

$355,000

510016 MLS ⋅ Northwest SubDv. ⋅ ACTIVE Status

Discover a spacious duplex featuring an upscale floor plan and quality finishes designed for comfortable living or investment. Renders are for illustration purposes only but are based on the floor plan. Each unit includes 3 bedrooms, 2 bathrooms with one shower and one tub, a covered private patio with slab, covered parking for four vehicles, and stainless steel stove, refrigerator, and micro-hood. Enjoy future community amenities including a park, playground, courts, jogging trails, BBQ pits, covered seating and green areas. Conveniently located off Sprague and 31st with access through Brazos or Zurich, near McAllen Camp, Cross Park and south of University Drive. Move into one unit and rent the other, or lease both units with expected rents of approximately $1400-$1,500 per month per unit. Units ready by December 2026

10320 N 33rd Lane, Mcallen

$299,999

3 Beds ⋅ 3 Baths ⋅ 509514 MLS ⋅ Villas On Freddy SubDv. ⋅ ACTIVE Status

Welcome to this beautifully maintained 3 bedroom, 2.5 bath home in one of North McAllen’s desirable communities! Built in 2021, this modern home offers an open-concept layout, spacious living and dining areas, and a two car garage. Enjoy the convenience of community amenities including a swimming pool, tennis courts, sidewalks, and controlled access. Located near shopping, dining, schools, and everyday conveniences, this home is perfect for anyone looking for comfort, style, and low maintenance living. Don’t miss this opportunity to own a move in ready home in a prime location!

1305 Xavier Avenue, Mcallen

$235,000

3 Beds ⋅ 3 Baths ⋅ 510008 MLS ⋅ Sunset Valley SubDv. ⋅ ACTIVE Status

FURNISHED MODEL! Front Unit, Last Left at this building & price! Thoughtfully designed 3-bedroom, 3 full-bath townhomes featuring one bedroom and full bath downstairs, plus two private primary suites upstairs, making them ideal for multi-generational living, guests, roommates, or a home office setup. Enjoy upscale finishes rarely found at this price point, including floor-to-ceiling custom cabinetry, a built-in oversized pantry, coffee and dry bar area, illuminated stairway, spacious storage room, walk-in closets in every bedroom, two showers, and one tub. Private patios with plenty of room for outdoor entertaining, pets or gardening. Community includes a playground, pickleball court, BBQ areas, and jogging trails. FHA eligible with as little as 3.5% down for qualified buyers. Conveniently located in North McAllen off Bentsen Road, just past Dove Avenue, with quick access to Ware Road, Nolana Avenue, shopping, restaurants, medical facilities, and highly rated McAllen ISD schools.

4212 Heron Avenue Unit #118, Mcallen

$975,000

509959 MLS ⋅ Park Terrace SubDv. ⋅ ACTIVE Status

Excellent investment opportunity in McAllen's newest multifamily subdivision, Park Terrace! This modern 6-unit apartment complex is ideally located at the corner of Nolana Avenue and Jackson Road, offering exceptional access to the area's top employers, shopping, and dining. Just 4 minutes from Doctors Hospital at Renaissance, 4 minutes from Expressway 281, and minutes from major retail and entertainment destinations, this property is perfectly positioned for strong rental demand. The property features an ideal unit mix of (3) 3-bedroom, 2-bath units and (3) 2-bedroom, 2-bath units. Each unit includes a refrigerator, stove, and microwave, providing added convenience for tenants. Built just 2 years ago, this newer construction offers modern finishes, low maintenance, and an excellent opportunity for investors seeking a quality, income-producing asset in one of McAllen's fastest-growing areas.

1201 E Iris Avenue, Mcallen

$850,000

509870 MLS ⋅ La Hacienda Estates SubDv. ⋅ ACTIVE Status

Excellent value-add investment opportunity in the heart of McAllen, TX. This 12-unit multifamily property consists of four, 3-plex buildings and is currently cash-flowing with all appliances included, making it a turnkey asset. With minimal improvements, investors can unlock higher rental rates and increased returns, enhancing an already strong income stream. All units are 1 bedroom / 1 bathroom and are approx. 625 square feet and come with one parking spot. The property is centrally located near schools, businesses, and major commercial corridors. This property can be purchased as 12 units or together with a neighboring property (same owner) to total 18 units - ideal for investors seeking strong cash flow with upside potential.

2709 & 2713 N 30th Street, Mcallen

$1,199,000

509872 MLS ⋅ La Hacienda Estates SubDv. ⋅ ACTIVE Status

Excellent value-add investment opportunity in the heart of McAllen, TX. This 18-unit multifamily property consists of six, 3-plex buildings and is currently cash-flowing with all appliances included, making it a turnkey asset. With minimal improvements, investors can unlock higher rental rates and increased returns, enhancing an already strong income stream with gross annual income potential to exceed $156,000. All units are 1 bed / 1 bath and range from 625 – 700 square feet. Situated on corner lots with 18+ parking spaces, the property is centrally located near schools, businesses, and major commercial corridors. Ideal for investors seeking strong cash flow with upside potential.

2709, 2713 & 2800 N 30th Street, Mcallen

$450,000

509865 MLS ⋅ La Hacienda Estates SubDv. ⋅ ACTIVE Status

Excellent value-add investment opportunity in the heart of McAllen, TX. This 6-unit multifamily property consists of two, 3-plex buildings and is currently cash-flowing with all appliances included, making it a turnkey asset. With minimal improvements, investors can unlock higher rental rates and increased returns, enhancing an already strong income stream. All units are 1 bedroom / 1 bathroom and are approx. 700 square feet and come with one parking spot. The property is centrally located near schools, businesses, and major commercial corridors. This property can be purchased as 6 units or together with neighboring properties (same owner) to total 12 or 18 units - ideal for investors seeking strong cash flow with upside potential

2800 N 30th Street, Mcallen

$450,000

509460 MLS ⋅ La Lomita Estates SubDv. ⋅ OPTION Status

8-Unit Multifamily Investment Opportunity in McAllen A rare opt for a hands-on investor. This well-maintained 8-unit multifamily property is a straightforward path to increased income with minimal capital investment. Recent vacancy is attributable to prior ownership policy, such as rent increases & pet restrictions. comparable 2BR/1BA units in the immediate area are currently leasing in the $795-$900 range, supporting strong upside once the two vacant units are re-leased. The unit includes seven 2-bedroom/1-bath units & one 1-bedroom/1-bath, each unit has tile flooring, granite countertops, crown molding, and ceiling fans. Built in 2002, the property features individually metered electric & water service, 14+ parking spaces, Buyer and buyer's agent to independently verify all information, including square footage, unit mix, income, expenses, and occupancy history. Full rent roll and pro forma available in docs.

2305 N 32nd N Street, Mcallen

$365,000

509429 MLS ⋅ Hammond Addition SubDv. ⋅ ACTIVE Status

Brand-New Investment Opportunity in the Heart of Downtown McAllen! This newly constructed duplex is minutes from the McAllen Courthouse, Expressway, shopping, and dining. Each unit offers two bedrooms and two full bathrooms, with a modern open layout and all appliances included. The property is fully fenced for added privacy and security. Ask about DSCR financing options, making it easier for investors to qualify based on the property’s income potential, rather than personal income. Whether you’re growing your portfolio or looking to live in one unit while renting the other, this location and quality speak for themselves. Book your showing today!

2020 Cedar Avenue, Mcallen

$520,000

509409 MLS ⋅ North Park On 107 Subdivision SubDv. ⋅ ACTIVE Status

Excellent investment opportunity in a prime McAllen location! This brand-new 4-plex is situated on Highway 107 between 23rd and 29th, just minutes from UTRGV, Trenton shopping centers, grocery stores, restaurants, and major retail. The property features two 2-bedroom, 2-bath units and two 3-bedroom, 2-bath units, all thoughtfully designed with modern finishes and complete appliance packages, making them highly appealing to tenants. Currently, one 2-bedroom unit is leased for $1,200/month and one 3-bedroom unit is leased for $1,300/month, providing immediate rental income while leaving two units available for additional cash flow or owner occupancy. Each unit has its own separate water and electric meter, helping minimize owner expenses and simplify property management. Whether you're expanding your investment portfolio or purchasing your first multifamily property, this new construction offers strong income potential in one of McAllen's most desirable rental markets.

11312 N 25th Street, Mcallen

$525,000

509144 MLS ⋅ North Park On 107 Subdivision SubDv. ⋅ ACTIVE Status

A new construction fourplex in the heart of North Mcallen Texas situated in the 78504 at the epicenter of it all of the valley's innovation......with all 3 bed units, appliances installed, fenced....this will be a turnkey ready masterpiece upon completion and will make for the perfect investment or residence. The numbers don't lie, the style is sophisticated and the "wow" factor of this property is through the roof ! This set of fourplexes are also the only all 3 bed unit apartments in the surrounding area making them a rare collector's gem and increasing the profit margin and resale potential. if you're looking to invest in Mcallen, you simply can't do better than this !

11401 25th Street, Mcallen

$233,333

3 Beds ⋅ 2 Baths ⋅ 509205 MLS ⋅ Las Villas De Camila SubDv. ⋅ ACTIVE Status

Beautifully maintained 3-bedroom, 2-bath home in Las Villas de Camila! Located in Sharyland ISD, this 1,572 sq ft home features an open layout, tile flooring throughout, granite countertops, high decorative ceilings, and energy-saving solar screens. The kitchen is equipped with stainless steel appliances and great cabinet space. The primary suite offers a spacious walk-in closet and private bath with a walk-in shower. Enjoy a peaceful backyard with mature trees and a cozy patio—perfect for relaxing or entertaining. Built in 2016 and move-in ready, this home combines charm, function, and location. Close to schools, shopping, and main roads. A must-see!

2913 N 51st Street, Mcallen

$485,000

509090 MLS ⋅ Shary Landing SubDv. ⋅ ACTIVE Status

Fully remodeled four-unit apartment complex offering an excellent investment opportunity in a prime McAllen location. This turnkey property has been extensively updated throughout, featuring new HVAC systems, a new roof, new flooring, fresh interior and exterior paint, updated kitchens and bathrooms, new appliances, new toilets, modern fixtures, and numerous additional improvements designed to minimize maintenance and maximize tenant appeal. Each unit offers a functional layout with updated finishes, making this property ideal for attracting quality tenants and supporting strong rental demand. Conveniently located near shopping, restaurants, schools, medical facilities, and major roadways, this income-producing asset is well positioned for both immediate cash flow and long-term appreciation. Whether you're expanding your investment portfolio or seeking a fully renovated multifamily property, this exceptional fourplex is ready for its next owner.

412 S 49th Street, Mcallen

$299,999

4 Beds ⋅ 3 Baths ⋅ 509051 MLS ⋅ Townhomes Of Los Alegres #1 SubDv. ⋅ ACTIVE Status

Space, style, and location come together in this two-story townhome in McAllen. Downstairs features an open-concept living and dining area, a private kitchen with sliding glass door access, and two bonus rooms, offering versatile space for family, work, or entertaining. Upstairs, you’ll find a master suite and a mini-master, each with full bathrooms, oversized walk-in closets, abundant counter space, and full-length mirrors. The master suite also includes a private balcony for relaxing outdoors. Additional highlights include a covered patio, two-car garage, brick exterior, and multiple built-ins throughout. Timeless bathrooms, elegant finishes, travertine tile, and decorative crown molding enhance the sophisticated design. Located minutes from La Plaza Mall, McAllen International Airport, major hospitals, dining, shopping, and main roads, this home combines nearly 3,000 sq. ft. of living space with comfort, convenience, and style.

2036 S 5th Street Unit #8, Mcallen

$245,000

2 Beds ⋅ 2 Baths ⋅ 508956 MLS ⋅ Pepper Tree North Townhouses SubDv. ⋅ ACTIVE Status

Spacious 2-bedroom, 2-bath townhouse with bonus room and 2 car garage in North McAllen. Walking distance to Bill Schupp Park, restaurants, banks, and shopping. Best of all, there are no HOA fees! A great opportunity for buyers looking to update and make their own.

1119 E Cardinal E, Mcallen

$520,000

508747 MLS ⋅ Sunrise Terrace SubDv. ⋅ ACTIVE Status

Great investment property. This fourplex is fully rented with an open-concept layout. Each unit includes 2 bedrooms, 2.5 bathrooms, and abundant storage with large closets. All appliances are included, along with washer and dryer hookups. Private patios, plus front access and two carport spaces per unit located at the rear. Excellent location near schools, shopping centers, and restaurants. The community features a gated entrance.

1325 E Daffodil Avenue, Mcallen

$520,000

508739 MLS ⋅ Sunrise Terrace SubDv. ⋅ ACTIVE Status

Excellent investment property! This fourplex is fully leased and features an open-concept layout. Each unit offers 2 bedrooms, 2.5 baths, generous storage with large closets, and includes all appliances plus in-unit washer and dryer. Private patios and two-carport spaces per unit (located at the rear) add convenience. Prime location near schools, shopping centers, and dining options. The community includes a gated entrance.

1308 E Camellia Avenue, Mcallen

$349,000

3 Beds ⋅ 4 Baths ⋅ 508721 MLS ⋅ Villagio SubDv. ⋅ ACTIVE Status

Located in North McAllen, this stunning two-story corner-lot townhome offers 3 spacious bedrooms, 3 full bathrooms, and 1 half bathroom in the highly desirable gated community. Move-in ready combines modern elegance with everyday comfort. The open-concept floor plan features a spacious living area that flows seamlessly into the beautifully appointed kitchen, complete with quartz countertops, abundant cabinetry, and stainless steel appliance. The convenient downstairs primary suite offers privacy and comfort, while two generously sized bedrooms upstairs provide plenty of space for family or guests. Additional features include a water softener system, quality finishes throughout, and low-maintenance living, outstanding community amenities, including a fully equipped fitness center, resort-style swimming pool, barbecue area etc... Conveniently located near shopping, restaurants, medical facilities, and major roadways. Don’t miss this incredible opportunity!

1444 Ozark Avenue, Mcallen

$699,000

504928 MLS ⋅ Alaniz SubDv. ⋅ ACTIVE Status

Great investment opportunity located blocks from South Texas college & the McAllen convention center. This complex consists of 8 spacious two-story units with 2 bedrooms and 1.5 baths each.

417 N 28th Street, Mcallen

$325,000

508485 MLS ⋅ Eltus SubDv. ⋅ ACTIVE Status

This is not just any investment property in McAllen. This is over 100 years of heritage providing hospitality, profitable business and later, homes to countless in the McAllen region. Believed to be originally the Annex of the McAllen Hotel located on Business 83 and Main Street, the building was relocated to 11th and Redwood and converted to four 1 bedroom, 1 bath efficiency apartments. Encased now in brick veneer, it's history echoes quietly in the original and restored ebony stained oak wood flooring that remains in amazing condition. Three units are occupied and one unit is available to tour through. No central air, separate meters.

1721 N 11th Street, Mcallen