4-Plex Under
For Sale
$550,000
1905 Monaco Drive, San Juan, TX 78589
MULTI_FAMILY - San Juan, TX
Property Size4,400 SF
Lot Size0.27 Acres
Price / SF$125
Days on Market19
Property Features for 1905 Monaco Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking
8
Parking features
None
Patio and Porch features
Patio
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
Subdivision
Monaco Estates
Lot features
Cul-De-Sac, Irregular Lot, Sidewalks, Sprinkler System
Elementary school
Guerra
Middle school
Yzaguierre
High school
PSJA North H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
From 495 and Veterans Road in San Juan TX, go East on 495 and gated subdivision will be to the left hand side.
Standard status
Active
APN
M567100000001300
Size
4,400 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2886
HOA Fee
$800 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: Jul 17
Changed: Aug 3
Last Checked: Aug 4 at 7:06AM
MLS# 509386
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.
New construction 4-plex currently under construction, set on a 0.2711-acre lot with a total property size of 4,400 square feet. Built with stucco and a composition roof, the property is scheduled for completion with Year Built listed as 2026. Each unit is designed with three bedrooms and two bathrooms and includes a patio, privacy fencing, and electric water heating. Interior systems include central heating and central air with electric service. Appliances listed include refrigerator, stove/range, microwave, washer, and dryer.
Location offers convenient access near FM 495 and Veterans Rd, with quick access to Expressway 83 and HWY 281. The property is described as being minutes from HEB, restaurants, and shopping centers.
The 4-plex is described as fully rented, providing an investor-ready residential income configuration with a consistent unit layout across the property.
Location offers convenient access near FM 495 and Veterans Rd, with quick access to Expressway 83 and HWY 281. The property is described as being minutes from HEB, restaurants, and shopping centers.
The 4-plex is described as fully rented, providing an investor-ready residential income configuration with a consistent unit layout across the property.
Key Highlights
- 0.2711‑acre lot with 4,400 SF total building size
- New construction 4‑plex under construction, Year Built 2026
- Each unit offers 3 bedrooms and 2 bathrooms
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 | $61.8k | $14.04 |
| − Vacancy | −$6.8k | −$1.55 |
| EGI | $55.0k | $12.49 |
| − OpEx | −$16.5k | −$3.75 |
| NOI | $38.5k | $8.74 |
4,400 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.7K
$481.0K – $641.3K
NOI $38,478 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$506.1K
$442.8K – $590.4K
NOI $35,426 @ 7.0% cap · market cap 6.44%
Theoretical Best
Hotel Hospitality
$3.31M
$2.90M – $3.87M
NOI $231,990 @ 7.0% cap · market cap 42.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - New construction 4-plex with patio, privacy fencing, and central electric HVAC, situated near FM 495 and Veterans Rd access points.
Where is this quadplex located?
The property is located at 1905 Monaco Drive San Juan, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 0.2711‑acre lot with 4,400 SF total building size; New construction 4‑plex under construction, Year Built 2026; Each unit offers 3 bedrooms and 2 bathrooms
