4,650 sqft

$429,000

302 Papalote Road, Rio Grande City TX, 78582

Price per sqft$92.26

Built in2018

Property size4,650 sqft

Property typeCommercial

Overview

Active

Listed May 25, 2026

Updated Jul 8

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.

Additional information

MLS^® ID: 505385

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.01 Acres

Other Property Details

Taxes: $8,108
Tax Frequency: Annually
Garage: Yes

Listed by Kenneth De La Cerda with BIG Realty
Listing Contact: 956-465-0011

The IDX display contains information sourced from the Greater McAllen Association of REALTORS® as of 7/8/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 7/8/2026 at 2:49 AM UTC