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302 Papalote

Rio Grande City, TX 78582
  • $429,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 505385
Price Reduced
UPDATED: 137 min ago
$429,000
  • 0
    BEDS
  • 0.01
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,650
    SQFT
  • $92
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2018
County:

School Ratings & Info

Description

Investor opportunity in a growing area! This fully occupied 5-unit multifamily property offers immediate rental income with strong long-term potential. Each unit features 2 bedrooms and 2 bathrooms, providing an attractive and functional layout for tenants. This income-producing property is ideal for investors seeking steady cash flow and portfolio expansion. Well-maintained and fully leased, the complex offers consistent occupancy appeal with spacious layouts designed for comfortable living. Conveniently located near schools, shopping, dining, and major roadways, this property combines accessibility with strong rental demand. Excellent opportunity to own a turnkey investment property with multiple streams of income already in place. Properties like this are increasingly difficult to find — secure a valuable asset with immediate revenue potential and room for future appreciation.

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© 2026 Greater McAllen Association of Realtors Multiple Listing Service.
IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Pros. Data last updated: 2026-07-18T00:16:46.787.
www.foxrealestatepros.com/homes/176842385
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302 Papalote Rio Grande City, TX 78582

  • Price: $429,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 137 min ago
  • MLS #: 505385
0
Beds
0
Baths
0
½ Baths
0.01
Acres
4,650
SQFT
$92
$/SQFT
2018
Built
Neighborhood:
Mi Ranchito Estates
County:
Starr
Area:
Rio Grande City
Property Description
Investor opportunity in a growing area! This fully occupied 5-unit multifamily property offers immediate rental income with strong long-term potential. Each unit features 2 bedrooms and 2 bathrooms, providing an attractive and functional layout for tenants. This income-producing property is ideal for investors seeking steady cash flow and portfolio expansion. Well-maintained and fully leased, the complex offers consistent occupancy appeal with spacious layouts designed for comfortable living. Conveniently located near schools, shopping, dining, and major roadways, this property combines accessibility with strong rental demand. Excellent opportunity to own a turnkey investment property with multiple streams of income already in place. Properties like this are increasingly difficult to find — secure a valuable asset with immediate revenue potential and room for future appreciation.
Exterior Features

Carport Spaces 0 Carport YN No Construction Materials Stucco Covered Spaces 12 Garage YN Yes Grounds Landscaped Lot Features See Remarks Parking Features HandicapPaved Parking Total 12 Patio And Porch Features Covered Patio Road Frontage Type City Street Roof Shingle

Interior Features

Appliances Electric Water Heater Cooling Central Air Cooling YN Yes Flooring Tile Heating Central Heating YN Yes

Property Features

Accessibility Features Handicap Access Association YN No Current Use Other Green Energy Efficient Thermostat Presently Leased YN Yes Property Sub Type Commercial Tax Annual Amount 8108 Tax Year 2026

Listing by Kenneth De La Cerda of Big Realty: 956-465-0011.
© 2026 Greater McAllen Association of Realtors Multiple Listing Service.
IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS or Fox Real Estate Pros. Data last updated: 2026-07-18T00:16:46.787.
 
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