McAllen Multi-Family Investment
3005 S K Center Street, McAllen, TX 78503
MULTI_FAMILY - McAllen, TX
Property size:
5,502 SFLot size:
0.18 AcresPrice / SF:
$109/SF- Added:
- Dec 18, 2025
- Days on Market:
- 162
- Last Refresh:
- May 29 at 9:06 pm
Property Features for 3005 S K Center Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- L314900002001900
- Size
- 5,502 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15443
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2016
- 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
MLS# 489007
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
- Four units, each with 3 bedrooms and 3 baths, ideal for multi‑family investment.
- Open‑concept layout in each unit.
- Excellent location near La Plaza Mall, shopping, and major conveniences.
- Built in 2016.
- Central heating and central air conditioning.
- Garage parking.
Overview
This multi-family investment property in McAllen, Texas, features four units. Each unit includes 3 bedrooms and 3 baths with an open-concept layout. The property is located near La Plaza Mall, shopping, and other conveniences. The property size is 5502 square feet and the lot size is 0.1814 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 | $75.9k | $13.80 |
| − Vacancy | −$4.9k | −$0.89 |
| EGI | $71.0k | $12.91 |
| − OpEx | −$21.3k | −$3.87 |
| NOI | $49.7k | $9.04 |
5,502 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$710.2K
$621.5K – $828.6K
NOI $49,716 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$652.7K
$571.1K – $761.5K
NOI $45,689 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,582 @ 7.0% cap · market cap 17.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.212387
- Latitude
- 26.172474
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit property near La Plaza Mall in McAllen, Texas.
Where is this quadplex located?
The property is located at 3005 S K Center Street McAllen, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four units, each with **3 bedrooms and 3 baths, ideal for multi‑family investment.**; **Open‑concept layout in each unit.**; **Excellent location near La Plaza Mall, shopping, and major conveniences.**
