2513 Beaumont Ave - Apartments FOR SALE


McAllen, TX 78501- Downtown McAllen
$450,000 USD
956-821-8001
2513 Beaumont Ave, McAllen, TX for Sale
$450,000 USD
Apartments - FOR SALE
1/26
null | 12.36% Cap Rate

2513 Beaumont Ave
McAllen, TX 78501
Downtown McAllen


HIGHLIGHTS

  • 5-unit multifamily STR portfolio totaling 3,660 SF
  • Unit mix: four 2BR/1BA units and one 1BR/1BA unit
  • Seller-reported FY 2025 NOI of $55,623
  • 12.36% cap rate at $450,000 asking price
  • $82,563 seller-reported gross revenue
  • 32.6% seller-reported operating expense ratio

OVERVIEW

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

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

5

PRICE/UNIT

$90,000

CAP RATE

12.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,091 SF

ZONING

Residential Multifamily

APN/PARCEL ID

A3000-00-019-0010-00

ASK ABOUT THIS PROPERTY

Mark HannaSVN | Hanna Solutions Commercial Real EstateMore Info
956-821-8001

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Mark HannaSVN | Hanna Solutions Commercial Real EstateMore Info
956-821-8001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.