About This Home

This 0-bedroom, 0-bathroom residential multi family at 121 MELON DR. in Los Fresnos, TX is listed for $599,400 ($104 per sqft). Built in 1984, the home offers 5,760 sqft of living space on a 1.38 acres lot.

Key Features

  • Built in 1984
  • 1.38 acre lot

Property Details

1 story
1984

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$3,206/mo

20% down · 6.5% · 30 years

Principal$433
Interest$2,597
Insurance$175

Estimates only. Actual payments may vary.

Location

121 MELON DR.

Los Fresnos, TX 78566

GARWAL ESTATES

Property Details

Flooring

Tile

Heating

Central

Cooling

DuctlessZonedCentral Air

Appliances

RangeRefrigerator

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 121 MELON DR. is listed at $599,400 ($104/sqft). The estimated monthly payment is $3,206 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1984, 1.38 acre lot.

This property is listed by Cesar Cepeda.

CC

Cesar Cepeda

Agent at Grove Realty Team, LLC

Listed by Grove Realty Team, LLC · Broker phone: (956) 832-4458 · View on Broker Site · Broker website

MLS# 29776128· Source: Rio Grande Valley Multiple Listing Service Inc.· 175 days on PropertySimple

Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

121 MELON DR., Los Fresnos, TX 78566

Open this listing in: