3004 L Street McAllen, TX 78503
MULTI_FAMILY - McAllen, TX
Property Features for 3004 L Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- L314900002002200
- Size
- 5,480 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15042
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2014
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Tile
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 Dec 18, 2025
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.
Key Highlights
- Four units, each with 3 bedrooms and 3 baths, ideal for tenants or extended family.
- Open‑concept layout in each unit, providing a modern living space.
- Prime location near La Plaza Mall, shopping centers, and major conveniences.
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 | $75.6k | $13.80 |
| − Vacancy | −$4.9k | −$0.89 |
| EGI | $70.7k | $12.91 |
| − OpEx | −$21.2k | −$3.87 |
| NOI | $49.5k | $9.04 |
