McAllen Fourplex with Modern
3505 Frio Drive, McAllen, TX 78504
MULTI_FAMILY - McAllen, TX
Property size:
4,236 SFLot size:
0.25 AcresPrice / SF:
$121/SF- Added:
- May 4, 2026
- Days on Market:
- 26
- Last Refresh:
- May 29 at 9:06 pm
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 May 4, 2026
MLS# 481376
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 2 bathrooms, offering significant rental income potential.
- Prime location in McAllen near 23rd, Bicentennial, and 10th Street.
- Eight covered parking spaces via alley access.
- Modern interiors with tile flooring, granite countertops, and stainless steel appliances (including washer/dryer).
- Primary suites in each unit feature private bathrooms and spacious walk‑in closets.
- Attractive stone‑and‑stucco exterior with sprinkler system.
Overview
This fourplex is located in McAllen, near 23rd, Bicentennial, and 10th Street. Each of the four units includes 3 bedrooms and 2 bathrooms. Interior features include tile flooring and granite countertops. Each primary suite has a private bathroom and a spacious walk-in closet. The exterior showcases a stone-and-stucco finish and a sprinkler system. Alley access is available, along with 8 covered parking spaces. Stainless steel appliances are included in every unit, featuring a washer, dryer, stove, refrigerator, and microwave. The property contains 4,236 square feet and sits on a 0.2528-acre lot.
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 |
4,236 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$546.8K
$478.5K – $637.9K
NOI $38,276 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$502.5K
$439.7K – $586.3K
NOI $35,176 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,518 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.243073
- Latitude
- 26.307492
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fourplex in McAllen featuring modern interiors and covered parking.
Where is this quadplex located?
The property is located at 3505 Frio Drive McAllen, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 bathrooms, offering significant rental income potential.; Prime location in McAllen near 23rd, Bicentennial, and 10th Street.; Eight covered parking spaces via alley access.
