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Turnkey Fourplex in San Juan

1609 Angelina Drive San Juan, TX 78589

Claim this Listing
For Sale
$529,000

MULTI_FAMILY - San Juan, TX

Property size:
4,322 SF
Lot size:
0.23 Acres
Price / SF:
$122.40/SF
Added:
Apr 29, 2026
Days on Market:
77
Last Refresh:
Jul 14 at 6:06 am

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

Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX

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.


Investment Insights

Based on property information with market context.

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.

Key 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.

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 (±1% cap)
NOI $37,796 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$497.1K
$435.0K – $580.0K (±1% cap)
NOI $34,798 @ 7.0% cap · market cap 6.58%
Theoretical Best
Hotel Hospitality
$3.26M
$2.85M – $3.80M (±1% cap)
NOI $227,877 @ 7.0% cap · market cap 43.08%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

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.
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