About 164 W Us Highway 83 Highway
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 the Rio Grande City Medical Corridor, UTRGV Starr County Campus, South Texas College, shopping, dining, schools, and major employers.
Features of 164 W Us Highway 83 Highway
| MLS® # | 509418 |
|---|---|
| Price | $299,000 |
| Square Footage | 4,437 |
| Acres | 0.50 |
| Year Built | 1995 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 164 W Us Highway 83 Highway |
|---|---|
| Subdivision | Porcion 78 |
| City | Rio Grande City |
| County | Starr |
| State | TX |
| Zip Code | 78582 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Detached, Other Garage or Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Electric Water Heater, Electric Cooktop, Refrigerator, Stove/Range |
| Heating | Electric |
| Cooling | Electric, Window Unit(s) |
| Fireplace | No |
| Has Basement | No |
Exterior
| Lot Description | Irregular Lot |
|---|---|
| Roof | Shingle |
| Construction | Brick, Block, Stucco |
| Foundation | Slab |
School Information
| District | Rio Grande ISD |
|---|---|
| Elementary | Roque-Guerra |
| Middle | Veterans |
| High | Rio Grande City H.S. |
Additional Information
| Date Listed | July 20th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Antonio Garza |
|---|---|
| Office | Coldwell Banker Commercial Rio Grande Valley |
| Contact Info | 956-522-9548 |