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2513 Beaumont Ave 5 Unit Apartment Building $450,000 ($90,000/Unit) 12.36% Cap Rate McAllen, TX 78501
Investment Highlights
- 5-unit multifamily STR portfolio totaling 3,660 SF
- Seller-reported FY 2025 NOI of $55,623
- $82,563 seller-reported gross revenue
- Unit mix: four 2BR/1BA units and one 1BR/1BA unit
- 12.36% cap rate at $450,000 asking price
- 32.6% seller-reported operating expense ratio
Executive Summary
SVN | Hanna Solutions Commercial Real Estate is pleased to present 2513 Beaumont Avenue, a fully renovated five-unit short-term rental portfolio in McAllen's Medical Corridor. The property generated $83,138 in gross Airbnb booking revenue in 2025 across 298 reservations and 1,640 booked nights — figures verified against unit-level host transaction exports, not seller estimates — reconciling to $82,563 collected after refunds and adjustments. Totaling 3,660 SF of living area (5,726 SF gross building area per HCAD) on a 0.155-acre lot, the portfolio consists of four 2BR/1BA units and one 1BR/1BA. All five units are furnished, listed, and actively hosting under a self-check-in operation. At $89,800 per unit and roughly $123/SF, the asset is priced below replacement cost for renovated product in this submarket. The investment thesis is operational, not structural. The current owner self-manages with flat, static pricing, achieving a $39 accommodation-only average daily rate against a tracked market median of $110. For a buyer with professional revenue management, the upside is a pricing decision — every $10 of achieved ADR is worth approximately $15,900 per year at 2025 booking volume. Guests averaged 5.5 nights per stay, longer than typical leisure STR product, reducing turnover cost per booked night. Located within two miles of Rio Grande Regional Hospital and South Texas Health System, demand is need-based and calendar-diverse — traveling nurses, visiting specialists, contractors, and patients' families — supporting year-round occupancy. Long-term rental conversion at $800–$900 per unit per month (broker-pulled comps, July 2026) provides a structural fallback. Contact: Cole Carpenter | SVN | Hanna Solutions | (956) 322-4001 | Cell: (571) 420-0470
Property Facts
| Price | $450,000 | Property Subtype | Apartment |
| Price Per Unit | $90,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 12.36% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 5.45 | Building Size | 3,660 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1991/2022 |
| Zoning | Residential Multifamily | ||
| Price | $450,000 |
| Price Per Unit | $90,000 |
| Sale Type | Investment |
| Cap Rate | 12.36% |
| Gross Rent Multiplier | 5.45 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,660 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1991/2022 |
| Zoning | Residential Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
| 1+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | A3000-00-019-0010-00 | Improvements Assessment | $270,884 |
| Land Assessment | $81,000 | Total Assessment | $351,884 |
Property Taxes
Parcel Number
A3000-00-019-0010-00
Land Assessment
$81,000
Improvements Assessment
$270,884
Total Assessment
$351,884
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