#466931, Pedro Guardiola, Listing office: Imperio Real Estate LLC
Property details
About 505 N 12th St
Prime investment opportunity in an established McAllen neighborhood. This fully occupied multi-tenant property features four apartments with long-term tenants, offering steady income from day one. Ideally located with quick access to McAllen's main arteries, it's close to the vibrant nightlife of the historical and downtown districts and within walking distance to Archer Park and its popular food truck park. While the property needs some TLC, there's significant potential for rent increases, making it an excellent investment. There are 3 buildings on the 1/3 acre property with yard space for each area. Enjoy the benefits of a stable community, easy access to public transportation, and major highways. Don't miss this chance to own a promising property with great growth potential.
Highlights
Home typeMulti Family
StatusActive
CoolingWall/Window Unit(s)
Size3,841 sqft
Lot size0.33 Acres
Year built1976
MLS #29755608
Summary
- Appliances: Electric Water Heater
- Cooling: Wall/Window Unit(s)
- List Price: $275,000
- Price/SqFt: $71
- Annual Tax Amount: $5,959
- Tax Year: 2023
- Lot: Corner Lot
- Directions: Beginning at Business 83 and 12th Street, McAllen-Head North on 12th St. for 5 blocks. Property is on the corner of 12th St. and Ebony Ave.
- Year Built: 1976
- Stories: 2
- Living Area: 3,841 SqFt
- Lot Size: 0.33 Acres
- MLS Number: 29755608
- MLS Name: Harlingen
- Office Name: Coldwell Banker La Mansion Real Estate
- Office Phone: (956) 631-1322
- Listing Agent: Marsha Acosta
The data relating to real estate for sale on this web site comes in part of Rio Grande Valley MLS. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Rio Grande Valley MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 7/25/2025, 6:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $297,960 | $5,959 |
| 2022 | $246,825 | $5,082 |
| 2021 | $228,958 | $4,327 |
| 2020 | $170,858 | $4,327 |
| 2019 | $170,858 | $4,110 |
| 2017 | $156,095 | $3,965 |
History based on county public records data.
Nearby schools
6
Woodrow Wilson Elementary School
Public District PK-5
0.2 mi
•1200 E Hackberry Ave
4
Victor Fields Elementary School
Public District PK-5
0.7 mi
•500 Dallas Ave
4
Alvarez Elementary School
Public District PK-5
1.1 mi
•2606 Gumwood Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,988. Most Mcallen, TX residents have annual incomes less than $<35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
71%
<35k
26%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
52%
Single, No Kids
14%
Single, with Kids
19%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
7%
12-17 yrs old
28%
18-34 yrs old
35%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
UFC- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Church's Chicken
Burger King
Popeyes
What do the neighbors drive?
Cadillac
Buick
Dodge
What do the neighbors listen to?
Jazz
Urban Contemporary
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 505 N 12th St
The listing price of 505 N 12th St property is $275,000.
The property 505 N 12th St is a multi located in Mcallen, Texas, 78501.
Active Listing: 505 N 12th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 505 N 12th St are: Woodrow Wilson Elementary School (GreatSchools Rating 6/10), Victor Fields Elementary School (GreatSchools Rating 4/10), Alvarez Elementary School (GreatSchools Rating 4/10), Horizon Montessori (GreatSchools Rating 8/10), William B. Travis Middle School (GreatSchools Rating 5/10), Dr. Rodney D. Cathey Middle School (GreatSchools Rating 7/10), Triumph Public High Schools-Mcallen (GreatSchools Rating 4/10), Lamar Academy (GreatSchools Rating 5/10), McAllen Memorial High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $5,959 (source: MLS/based on county public records data).
The property 505 N 12th St is 3,841 SqFt (source: MLS/tax record).
The year of construction for 505 N 12th St is 1976.
This home is located at 505 N 12th St in Mcallen, TX and zip code 78501 in the Downtown neighborhood. This 3,841 square foot home, which was built in 1976, sits on a 0.33 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since December 5, 2024 and is currently priced at $275,000.
From Rocket Homes Real Estate and based on county public records data.