408 E Ulex Avenue, Mcallen, TX 78504

• 10,376 sqft

Property Description

Exceptional investment opportunity in the heart of McAllen! This well-maintained 12-plex located at 408 Ulex Ave is the perfect addition to any investor’s portfolio. Each unit offers comfortable living spaces and is designed for easy maintenance and consistent rental income. The property is located in a high-demand rental area, close to shopping centers, schools, restaurants, and major roadways—making it ideal for long-term tenants. The complex features a solid rental history and water is included, simplifying management and reducing tenant turnover. With McAllen’s growing rental market and strong economic stability, this property offers the potential for excellent cash flow and appreciation. Whether you’re a seasoned investor or just starting out, this 12-unit property presents a rare opportunity to own a multi-family complex in one of the Valley’s most desirable areas.

Listing Status:

Active

Data Last Updated:

February 15, 2026 at 12:09AM

Listing Office:

Red Door Real Estate Services : 956-683-1975

Listing Agent:

Norma Linda Elizondo : 956-533-2249

MLS ID:

485865

Interior

• General: Ceiling Fan(s)DryerWalk-In Closet(s)Washer
• Appliances: Water Heater (Other Location)DryerRefrigeratorStove/RangeWasher
• Laundry: Laundry Closet
• Flooring: Tile
• A/C: Central Air
• Heating: Central
• Eco/Green Feature: None

Exterior

• General: Mature TreesOutbuilding (None)
• Parking: Garage Faces Side

Construction

• Roofing: Shingle
• General: Brick1Slab

Location

• Road/Access: Paved
• Originating MLS: Greater McAllen
• School District: McAllen ISD
• County: Hidalgo

Lot

• Zoning: V417000000002100
• Fencing: None

Utilities

• Sewer: City Sewer

Financial

• Source: Greater McAllen