3505 Frio Drive McAllen, TX 78504
MULTI_FAMILY - McAllen, TX
- Added:
- Jun 30, 2026
- Days on Market:
- 15
- Last Refresh:
- Jul 14 at 5:06 am
Property Features for 3505 Frio Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Patio
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- S644300000000900
- Size
- 4,236 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9860
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- 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 (956) 599-8400
Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX (956) 928-1155
Listing date Jun 30, 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 in McAllen near 23rd Street, Bicentennial, and 10th Street, placing it within an established residential area. The combination of alley access and covered parking is designed to keep off-street vehicle use functional and straightforward for tenants.
For investors or owner-operators seeking a purpose-built rental with consistent unit layouts, this fourplex provides uniform 3-bedroom/2-bath configurations and a matching amenity package across all units. With covered parking, in-unit laundry, and durable finishes such as tile and granite, the home is set up for practical, tenant-friendly occupancy. The property includes a lot size of 0.2528 acres and a total size of 4,236 square feet.
Key Highlights
- 2022‑built fourplex with 4 units, each featuring 3 bedrooms and 2 bathrooms
- Tile flooring and granite countertops in each unit
- Primary suite in every unit with a private bath and spacious walk‑in closet
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 | $58.5k | $13.80 |
| − Vacancy | −$3.8k | −$0.89 |
| EGI | $54.7k | $12.91 |
| − OpEx | −$16.4k | −$3.87 |
| NOI | $38.3k | $9.04 |
