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121 Melon Dr

LOS FRESNOS, TX 78566

$609,500 $2,569/Mo

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Overview

Bed

Bath

5,760

Sqft

1.38

Acres(Lot)

Description

Rare investment opportunity with this package of four duplexes being sold together as an 8-plex in the rapidly growing Los Fresnos market. At $6,295 gross monthly income this fully occupied property offers immediate, stable cash flow, making it an ideal addition to any investor's portfolio. Each duplex is 2 bed/ 1 bath on one side and 3 bed / 1 bath on the other. Each unit is well-positioned to meet strong rental demand, while the overall property presents a compelling value-add opportunity for those looking to increase rents, improve operations, or enhance the asset over time. Situated on a generous tract, the property also includes additional land, opening the door for potential expansion or future development—further maximizing your return on investment. Whether you're a seasoned investor or looking to scale your portfolio, this 8-plex delivers both current income and long-term upside in one of the area's most promising markets. Owner is a licensed real estate agent in Texas.

Property Details

Property Type : Residential Income

Price : $609,500

AD Id : 77964895

MLS Id : 29776128

Lot Size : 1.38 Acres

Living Area Size : 5,760

Year Built : 1984

County : CAMERON

Subdivision: Portland

Map

What's Nearby

Nearby Areas

Features

Flooring Information

Tile
Interior Features

Appliances: Electric Water Heater

Building Information

Year Built: 1984 Construction Materials: Block Stories: 1 Private Pool: No

Lot Information

Lot Size Acres: 1.3776 Lot Size Square Feet: 60000

Property Information

Subdivision: GARWAL ESTATES Source Property Type: Residential Income Property SubType: Multi Family Property Age: 42

Listing Price Information

Listing Price: $609500 Original Price: $610000

Tax Information

Tax Year: 2025

Parking Information

Parking Total: 16

School Information

Elementary School: LOS FRESNOS

Junior High School: LOS CUATES

Senior High School: LOS FRESNOS
Location Information

Direction: If driving east on HWY 100 make a right turn on old alice rd, make a left turn on melon dr, the property will be towards the end on your right. WaterSource: Public

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