Turnkey Fourplex in San
1609 Angelina Drive, San Juan, TX 78589
MULTI_FAMILY - San Juan, TX
Property size:
4,322 SFLot size:
0.23 AcresPrice / SF:
$122/SF- Added:
- Apr 29, 2026
- Days on Market:
- 31
- Last Refresh:
- May 29 at 9:06 pm
Property Features for 1609 Angelina Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- M319900001000500
- Size
- 4,322 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15330
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Composition
Listing agent Jaime Lee Gonzalez (956) 599-8400
Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX (956) 928-1155
Listing date Apr 29, 2026
MLS# 493514
Listing URL
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey fourplex fully rented for immediate income.
- Desirable location near Expressway 83, shopping, dining, and PSJA ISD.
- Well‑balanced unit mix: two 3‑bedroom/2‑bath and two 2‑bedroom/2‑bath units.
- Quality finishes: tile flooring, custom cabinetry, and quartz countertops.
- Open concept floor plans for comfortable living.
- Covered parking for tenant convenience.
Overview
Located in the Meadows on Ridge community, this contemporary fourplex is fully rented, presenting a turnkey opportunity for investors seeking immediate income. The property features a balanced unit mix of two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units, appealing to a wide range of tenants. Each unit includes tile flooring, custom cabinetry, and quartz countertops, along with open concept floor plans. Covered parking adds convenience. Situated near Expressway 83, shopping, dining, and within PSJA ISD, the location supports rental demand and long-term investment potential. The property size is 4322 square feet on a lot of 0.2321 acres.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.7k | $14.04 |
| − Vacancy | −$6.7k | −$1.55 |
| EGI | $54.0k | $12.49 |
| − OpEx | −$16.2k | −$3.75 |
| NOI | $37.8k | $8.74 |
4,322 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$539.9K
$472.5K – $629.9K
NOI $37,796 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$497.1K
$435.0K – $580.0K
NOI $34,798 @ 7.0% cap · market cap 6.58%
Theoretical Best
Hotel Hospitality
$3.26M
$2.85M – $3.80M
NOI $227,877 @ 7.0% cap · market cap 43.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- San Juan
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.140669
- Latitude
- 26.173229
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully rented fourplex in desirable location near Expressway 83.
Where is this quadplex located?
The property is located at 1609 Angelina Drive San Juan, TX.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Turnkey fourplex fully rented for immediate income.; Desirable location near Expressway 83, shopping, dining, and PSJA ISD.; Well‑balanced unit mix: two 3‑bedroom/2‑bath and two 2‑bedroom/2‑bath units.
