121 Melon Dr.
$599,400
Property Description
Rare investment opportunity with this package of four duplexes being sold together as an 8-plex in the rapidly growing Los Fresnos market. At $6,295 gross monthly income this fully occupied property offers immediate, stable cash flow, making it an ideal addition to any investor's portfolio. Each duplex is 2 bed/ 1 bath on one side and 3 bed / 1 bath on the other. Each unit is well-positioned to meet strong rental demand, while the overall property presents a compelling value-add opportunity for those looking to increase rents, improve operations, or enhance the asset over time. Situated on a generous tract, the property also includes additional land, opening the door for potential expansion or future development—further maximizing your return on investment. Whether you're a seasoned investor or looking to scale your portfolio, this 8-plex delivers both current income and long-term upside in one of the area's most promising markets. Owner is a licensed real estate agent in Texas.
Property Details
Listing
- MLS #
- 29776128
- Status
- Active
- Property Type
- Residential Income
- Property Subtype
- Multi Family
- List Price
- $599,400
- Days on Market
- 74
Interior
- Bedrooms
- 0
- Bathrooms
- 0
- Living Area
- 5760 Sq Ft
- Heating
- Central
- Appliances
- Electric Water Heater, Refrigerator
- Flooring
- Tile
- Interior Features
- None, High Speed Internet
Exterior
- Year Built
- 1984
- Lot Size
- 1.3776
- Lot Features
- None
- Exterior Features
- None
- Construction Materials
- Block
- Foundation
- Slab
- Parking
- 16
Location
- Address
- 121 Melon Dr., Los Fresnos TX
- City
- Los Fresnos
- County
- Cameron
- Subdivision
- Garwal Estates
- School District
- Los Fresnos C.I.S.D.
- Elementary School
- Los Fresnos
- Middle School
- Los Cuates
- High School
- Los Fresnos
- Latitude
- 26.0628122
- Longitude
- -97.4899171
Financial & MLS
- Listing Agent
- Cesar Cepeda
- Listing Office
- GRT Realty
- List Agent Email
- ccepeda.jr@yahoo.com
- Modification Timestamp
- 2026-07-16T02:22:49.000Z
Property Location
121 Melon Dr., Los Fresnos TX
121 Melon Dr., Los Fresnos TX
Mortgage Estimate
Listing information is supplied for consumer review and may change without notice. Last listing update: 2026-07-16T02:22:49.000Z. Verify price, availability, property condition, school assignments, measurements, and showing instructions before making decisions.
