300 S Ridge Lane San Juan, TX 78589
MULTI_FAMILY - San Juan, TX
- Added:
- Jul 5, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 14 at 8:06 am
Property Features for 300 S Ridge Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Porch
- Appliances
- Electric Water Heater, Oven-Microwave, Refrigerator, Stove/Range
- Standard status
- Active
- APN
- S455500002001100
- Size
- 4,480 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15695
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2020
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Tania J. Salinas License #669357 (956) 223-3216
Listing office RE/MAX elite 2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX (956) 583-2100
Listing date Jul 5, 2026
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.
The property is located at 300 S Ridge Lane in San Juan, Texas, in Hidalgo County. It is centrally located near Nolana Loop and Raul Longoria Rd, which helps provide convenient access to surrounding areas.
For buyers or operators seeking a small multifamily asset, the consistent unit mix can simplify leasing and turnover logistics. The combination of newer construction (2020) and an easy-to-understand metering structure may appeal to investors looking for a manageable residential income property. With all four units sharing the same 2-bed, 2-bath configuration, the building is positioned to support ongoing rental use under a single property strategy.
Key Highlights
- 4‑plex built in 2020 with four units, each a 2 bed/2 bath layout
- One water meter and four individual electric meters for tenant billing separation
- Central heating and central air with electric HVAC, plus an electric water heater
Local Financial Insights For Apartment 5plus
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 | $74.2k | $16.56 |
| − Vacancy | −$8.6k | −$1.92 |
| EGI | $65.6k | $14.64 |
| − OpEx | −$29.5k | −$6.59 |
| NOI | $36.1k | $8.05 |
