About 408 E Ulex Avenue
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.
Features of 408 E Ulex Avenue
| MLS® # | 485865 |
|---|---|
| Price | $1,275,000 |
| Square Footage | 10,376 |
| Acres | 0.60 |
| Year Built | 2000 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 408 E Ulex Avenue |
|---|---|
| Subdivision | Violet Terrace |
| City | McAllen |
| County | Hidalgo |
| State | TX |
| Zip Code | 78504 |
Amenities
| Parking | Garage Faces Side |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Dryer, Walk-In Closet(s), Washer |
|---|---|
| Appliances | Water Heater (Other Location), Dryer, Refrigerator, Stove/Range, Washer |
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior Features | Mature Trees |
|---|---|
| Lot Description | Corner Lot, Sidewalks |
| Roof | Shingle |
| Construction | Brick |
| Foundation | Slab |
School Information
| District | McAllen ISD |
|---|---|
| Elementary | Gonzalez |
| Middle | Cathey |
| High | Memorial H.S. |
Additional Information
| Date Listed | November 3rd, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Norma Linda Elizondo |
|---|---|
| Office | Red Door Real Estate Services |
| Contact Info | 956-533-2249 |