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    Fully Leased Multi-Unit Investment Property

    3618 Gloria Avenue McAllen, TX 78503

    3618 Gloria Avenue, McAllen, TX, 78503
    $244,000
    For Sale
    Claim this Listing
    $244,000

    MULTI_FAMILY - McAllen, TX

    Property Size2,414 SF
    Lot Size0.21 Acres
    Price / SF$101.08
    AddedMar 24
    Days on Market115
    Last RefreshJul 16 at 6:06 am

    Property Features for 3618 Gloria Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Carport, Garage
    Appliances
    Electric Water Heater, No Conveying Appliances
    Standard status
    Active
    APN
    B030000029001400
    Size
    2,414 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4185

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    4

    Listing agent Alberto Sanchez Vega

    Listing office SANETI Realty Group 2520a Buddy Owens Blvd, McAllen, TX

    Listing date Mar 24, 2026

    MLS# 474637 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.

    Investment Insights

    Based on property information with market context.

    This multi-unit property presents an investment opportunity with multiple income-generating units. The property is fully leased and 100% occupied, providing immediate cash flow with stable tenants and a consistent rental history. The property contains 2414 square feet of space and is situated on a 0.2098-acre lot. This property is located in McAllen, Texas, in the 78503 postal code and Hidalgo County.

    Key Highlights

    • Fully leased multi‑unit property with 100% occupancy for immediate rental income
    • Central air conditioning plus electric heating
    • Parking includes a carport and a garage

    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 $33.3k $13.80
    − Vacancy −$2.2k −$0.89
    EGI $31.2k $12.91
    − OpEx −$9.3k −$3.87
    NOI $21.8k $9.04
    2,414 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $311.6K
    $272.7K – $363.6K (±1% cap)
    NOI $21,813 @ 7.0% cap · market cap 8.94%
    Second Best
    Apartment 5plus
    $286.4K
    $250.6K – $334.1K (±1% cap)
    NOI $20,046 @ 7.0% cap · market cap 8.22%
    Theoretical Best
    Office A
    $655.5K
    $573.6K – $764.8K (±1% cap)
    NOI $45,885 @ 7.0% cap · market cap 18.81%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Dental Office Hair Salon Spa & Massage Center Nail Salon Parking Lot & Garage HVAC Service Building Supply Pharmacy Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Quadplex - Turnkey investment: fully leased multi-unit property in a strong rental market.
    Where is this quadplex located?
    The property is located at 3618 Gloria Avenue McAllen, TX.
    What is the asking price?
    The asking price for this property is $244,000.
    What are key features of this property?
    This property features: Fully leased multi‑unit property with 100% occupancy for immediate rental income; Central air conditioning plus electric heating; Parking includes a carport and a garage
    Contact an agent
    (956) 215-1125
    We can help!
    Contact an agent
    Alberto Sanchez Vega
    Alberto Sanchez Vega
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