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    334 County St.
    Milan, MI 48160
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Home / Rio Grande City / 164 W US Highway 83 Highway
164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 164 W US Highway 83 Highway Rio Grande City, TX 78582 View All Photos

$299,000

| Option

164 W US Highway 83 Highway

Rio Grande City, TX 78582

4,437
Square Feet
0.50
Acres
56
Days on Market
509418
MLS#
Multi-Family
Type
Duplex/Multi-Unit
Structure
Residential
Zone
Contact

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.

Property Details
Interior
Ceiling Fan(s)
Cooling
1
Heating
Electric
Cooling Features
Electric, Window Unit(s)
Lot Features
Irregular Lot
Stories
1
Lot Description
Irregular Lot
Acres
0.5
Square Feet
4437
Lot Size (sqft)
21780.0
Parking Features
Detached, Other Garage or Carport
Parking Type
Garage
Parking Carport Spaces
4
Property Type
Multi-Family
Year Built
1995
Foundation
Slab
Roof
Shingle
Sewer Information
City Sewer
Utility Source
Public
Appliances
Electric Water Heater, Electric Cooktop, Refrigerator, Stove/Range
Subdivision
Porcion 78
School District
Rio Grande ISD
Elementary School
Roque-Guerra
Middle School
Veterans
High School
Rio Grande City H.S.
County
Starr
Region
Rio Grande City
Original List Price
$299,000
Taxes Annual
$6,261
MLS #
509418
Location
Legal

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Last Updated: Sep 15, 2026 5:04 AM. Source: GMAR

Provided By
Listed by Antonio Garza (#801070608)
Listing Office: Coldwell Banker Commercial Rio Grande Valley (#801070893)

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