5007 E US Highway 83

Rio Grande City, TX 78582

$1,590,000
Price
—
Beds
—
Baths
26,770 Sq. Ft.
$59 / Sq. Ft.
26,770
Sq. Ft.
$59
per Sq. Ft.
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Description

This 32-unit multi-family property, located on the north side of US Highway 83, presents an amazing opportunity to acquire a stabilized asset in a rapidly growing South Texas market. The property consists of five buildings situated on approximately 1.72 acres. Recent major renovations include new roofs (2021),a new concrete parking lot, and refurbished appliances in most of the units.This 32-unit multi-family property, located on the north side of US Highway 83, presents an amazing opportunity to acquire a stabilized asset in a rapidly growing South Texas market. The property consists of five buildings situated on approximately 1.72 acres. Recent major renovations include new roofs (2021),a new concrete parking lot, and refurbished appliances in most of the units.
  1. Listed by Jacob Galvan • TREC #801070234 • Ursa Real Estate

Property Details for 5007 East US Highway 83

Community Features
None
Subdivision Name
Porcion 82 Nicolas Vela
LISTING UPDATED: 03/24/2026 07:49 PM

Property Details for 5007 East US Highway 83

StatusActive
MLS #497170
Days on Market55
Taxes$30,722 / year
HOA Fees-
Condo/Co-op Fees$6,000 / year
Property TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built2005
CountyStarr County
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Location

Listing Courtesy of Ursa Real Estate
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Building Information for 5007 East US Highway 83

Building/Complex5007 E Us Highway 83Floor-Stories2Residences32Pet Policy-Pet Policy Details-Year Built2005Building Size-

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$11,067 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,006

Property Taxes

$2,560

HOA Dues

$500

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Property Information for 5007 East US Highway 83

Summary
Location and General Information
  • Directions: WEST on US Hwy 83. Located on NORTH side of US Hwy 83 after North La Perica Street, before reaching N Blanca Rd.
  • Road Surface Type: Paved
Parking
  • Carport Spaces: 0.0
  • Carport YN: No
  • Covered Spaces: 0.0
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: No Garage
  • Parking Total: 0.0
School Information
  • Elementary School: Ramirez
  • Elementary School District: Rio Grande ISD
  • High School: Rio Grande City H.S.
  • High School District: Rio Grande ISD
  • Middle Or Junior School: Rio Hondo Junior High
  • Middle Or Junior School District: Rio Grande ISD
Taxes and HOA
  • Association: No
  • Parcel Number: 001790820006000000100
  • Tax Annual Amount: $30,722
  • Tax Legal Description: AB 179 POR 82 NICOLAS VELASH 607230-1840-01
  • Tax Year: 2021
Property
Lot Information
  • Building Area Source: Seller Measured
  • Building Area Total: 26770.0
  • Building Area Units: Square Feet
  • Living Area: 26770.0
  • Living Area Source: Seller Measured
  • Living Area Units: Square Feet
  • Lot Size Acres: 0.913
  • Lot Size Area: 39769.8444
  • Lot Size Square Feet: 39769.8444
  • Lot Size Units: Square Feet
Property and Assessments
  • Year Built: 2005
  • Year Built Source: SCAD
  • Escrow: $16,500.00
Utilities
  • Irrigation Water Rights: No
  • Number Of Separate Water Meters: 32
  • Sewer: City Sewer
Green Features
  • Green Energy Efficient: None
Mobile Home
Mobile Home Information
  • Home Warranty: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: None
  • Fencing: None
  • Pool: No
  • Number Of Buildings: 5
  • Construction Materials: Brick, HardiPlank Type
  • Other Structures: Laundry Facility, Outbuilding (None)
  • Roof: Shingle
Interior Features
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Cooling: Central Air
  • Cooling YN: Yes
  • Flooring: Tile
  • Heating: Central
  • Heating: Yes
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: None
  • Foundation Details: Slab
Multi Family
Income & Expenses
  • Gross Income: $232,080.00
  • Insurance Expense: $20,913.00
  • Maintenance Expense: $6,000.00
Multi-Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 32
  • Other Expense: $5,700.00

Property History for 5007 East US Highway 83

DateEvent & SourcePriceAppreciation
Mar 24, 2026

Price Change

Greater McAllen Association of REALTORS #497170

$1,590,000—
Mar 2, 2026

Listed (Active)

Greater McAllen Association of REALTORS #497170

$1,650,000—
Oct 21, 2025

Expired

Greater McAllen Association of REALTORS #483860

$1,500,000—
DateEvent & SourcePrice
03/24/2026

Price Change

Greater McAllen Association of REALTORS #497170

$1,590,000
03/02/2026

Listed (Active)

Greater McAllen Association of REALTORS #497170

$1,650,000
10/21/2025

Expired

Greater McAllen Association of REALTORS #483860

$1,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5007 East US Highway 83

Taxable ValueLand$120,290Additions$974,650Total$1,094,940
Tax Record2025$12,291 ($1,024 / month)
Home Facts
Total Finished SqFt27,916 SqFtAbove Grade Finished SqFt27,916 SqFtLot Size75,185 SqFtStyleMulti-Family Dwelling (2-4)Year Built2005CountySTARRAPN001790820006000000100

Schools near 5007 East US Highway 83

This home is within Rio Grande City Consolidated Independent School District.
Rating
School
Type
Grades
Distance
Dr Mario E Ramirez Elementary School
Public - PK to 5
Ringgold Middle School
Public - 6 to 8
Rio Grande City High School
Public - 9 to 12
Preparatory For Early College High School
Public - 9 to 12
Rating
School
Distance
Dr Mario E Ramirez Elementary School
PublicPK to 5

Ringgold Middle School
Public6 to 8

Rio Grande City High School
Public9 to 12

Preparatory For Early College High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5007 East US Highway 83, Rio Grande City, TX 78582

5007 East US Highway 83 is a multi-family home for sale in Rio Grande City, TX 78582. This property was listed for sale on March 3, 2026 by Ursa Real Estate, it's currently listed at $1,590,000. It has been on the market for a total of 55 days and was last sold on June 13, 2022. This listing's school district is Rio Grande City Consolidated Independent School District. Nearby schools include Dr Mario E Ramirez Elementary School, Ringgold Middle School and Rio Grande City High School. 5007 East US Highway 83 is a 0-bed, 0-bath, 26,770 sqft multi-family home built in 2005.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ursa Real Estate

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.