McAllen Fourplex: Investment
For Sale
$524,900
5704 Puffin Avenue, McAllen, TX 78573
MULTI_FAMILY - McAllen, TX
Property Size4,372 SF
Lot Size0.24 Acres
Price / SF$120.06
Days on Market149
Property Features for 5704 Puffin Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Patio and Porch features
Patio
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Stove/Range-Electric Smooth, Washer
Subdivision
Shary Manor
Lot features
Curb & Gutters, Professional Landscaping, Sprinkler System
Elementary school
Wernecke
Middle school
Sharyland North Junior
High school
Sharyland Pioneer H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
Head north on Shary Road, pass FM495 (E Griffin Pkwy), Pass Buddy Owens, Pass Lark, and the subdivision Shary Manor will be on your right hand side (East Side) shortly after.
Standard status
Active
APN
S295500000010000
Size
4,372 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9763
HOA Fee
$625 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2021
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Ana Cavazos
(956) 605-6284
Added: Mar 4
Changed: Apr 15
Last Checked: Jul 31 at 8:06PM
MLS# 487769
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 fourplex presents an investment opportunity, featuring three rented units and one operating as an Airbnb. The property comprises two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units. Each unit has a contemporary layout with open living spaces. The property is located in a high-demand area. The building has a total area of 4372 square feet and is situated on a 0.2439-acre lot.
Key Highlights
- High income potential with long‑term rentals and a successful Airbnb unit.
- Move‑in ready FourPlex in a high‑demand location.
- Two spacious 3 bedroom, 2 bath units and two modern 2 bedroom, 2 bath units.
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 | $60.3k | $13.80 |
| − Vacancy | −$3.9k | −$0.89 |
| EGI | $56.4k | $12.91 |
| − OpEx | −$16.9k | −$3.87 |
| NOI | $39.5k | $9.04 |
4,372 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$564.4K
$493.8K – $658.4K
NOI $39,505 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$518.7K
$453.8K – $605.1K
NOI $36,306 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,103 @ 7.0% cap · market cap 15.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 78573, TX
42,229
Population
13,339
Households
3.2
Avg Household Size
29
Median Age
15%
College-Educated
63%
High-School Grad
36.7 sq mi
ZIP Area
1,151
Density / Sq Mi
$51,185
Median Household Income
$27,730
Median Earnings
$909
Median Rent
$154,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in McAllen with income potential and Airbnb unit.
Where is this quadplex located?
The property is located at 5704 Puffin Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: High income potential with long‑term rentals and a successful Airbnb unit.; Move‑in ready FourPlex in a high‑demand location.; Two spacious 3 bedroom, 2 bath units and two modern 2 bedroom, 2 bath units.
