164 W Us Highway 83 Highway
Rio Grande City, TX 78582
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Bed
0
Bath
4,437Sqft
21,780Sqft(Lot)
Exceptional income-producing multifamily investment opportunity in Rio Grande City, TX. The property includes eight (8) apartment units and one (1) detached pier-and-beam single-family residence across three building structures. Apartment improvements consist of seven (7) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit, plus a 3-bedroom/1-bath home. Currently 100% occupied with established tenants, the property offers immediate cash flow and value-add potential. Situated on approximately 0.50 acres with 214 feet of frontage along Old US Hwy 83, the property offers future upside through rental growth, operational efficiencies, or site improvements (subject to applicable approvals). Seller-provided financials indicate an approximate 13% capitalization rate. Conveniently located near
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Flooring Information
Tile -
Roofing Information
Shingle -
Interior Features
Ceiling Fan(s) Roof: Shingle Appliances: Range, Cooktop, Electric Water Heater, Electric Cooktop, Refrigerator Laundry Features: None, Washer Hookup -
Heating & Cooling
Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Ceiling Fan(s), Electric, Window Unit(s)
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Building Information
Year Built: 1995 Building Area Total: 4437 Construction Materials: Brick, Block, Stucco Stories: 1 Patio And Porch Features: Covered, Patio Private Pool: No
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Lot Information
Main Square Feet: 21780 Square Feet Lot Size Acres: 0.5 Lot Size Square Feet: 21780 Lot Description: Irregular LotProperty Information
Subdivision: Porcion 78 Source Property Type: Residential Income Property SubType: Multi Family Property Age: 31
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Listing Price Information
Listing Price: $299000
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Tax Information
Parcel Number: 000820780001620000010 /000820780001620000000 Tax Year: 2026 Annual Tax: $6261
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Parking Information
Parking Total: 4 Detached
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School Information
Elementary School: Roque-GuerraJunior High School: VeteransSenior High School: Rio Grande City H.S. -
Location Information
Direction: Traveling West on Hwy 83, property will be approximately 3/4 miles West of Roque-Guerra Elementary. Property will be on Left (South) between S Charco Blanco Rd & Old Hwy 83. Traveling East on Hwy 83 from FM 3167, property will be approximately 1.5 miles East of Stripes Convenience Store. Property will be on Right (South) between S Charco Blanco Rd & Old Hwy 83. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 306 E Martin Avenue, Rio Grande City, TX, 78582 | $95,000 | 2 | 2 | 900 | 900 SqFt |
| 5316 Vision Street, Rio Grande City, TX, 78582 | $289,500 | -- | -- | 2,210 | 2,210 SqFt |
| 1214 Cornerstone Loop, Rio Grande City, TX, 78582 | $3,360,000 | -- | -- | 40,432 | 40,432 SqFt |
| 8014 N Lopez Street, Rio Grande City, TX, 78582 | $146,900 | -- | -- | 3,159 | 3,159 SqFt |
| 1010 Cedarwood Drive, Rio Grande City, TX, 78582 | $323,999 | -- | -- | 4,144 | 4,144 SqFt |
| 1201 Cornerstone Loop, Rio Grande City, TX, 78582 | $299,000 | -- | -- | 4,144 | 4,144 SqFt |
| 1014 S Cedarwood Drive, Rio Grande City, TX, 78582 | $299,000 | -- | -- | 4,144 | 4,144 SqFt |
| 1204 Cornerstone Loop, Rio Grande City, TX, 78582 | $495,000 | -- | -- | 4,800 | 4,800 SqFt |
| 610 N Flores Street, Rio Grande City, TX, 78582 | $269,000 | -- | -- | 1,970 | 1,970 SqFt |
| 53 Albeza Avenue, Rio Grande City, TX, 78582 | $324,500 | -- | -- | 3,620 | 3,620 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 07/24/2026 @ 04:51
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