New Fourplex Investment
For Sale
$549,000
5800 Ozark Avenue, McAllen, TX 78504
MULTI_FAMILY - McAllen, TX
Property Size3,978 SF
Lot Size0.22 Acres
Price / SF$138.01
Days on Market21
Property Features for 5800 Ozark Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Parking
8
Parking features
None
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Hills At Sharyland
Elementary school
Garza
Middle school
Sharyland North Junior
High school
Sharyland H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
North of Shary Rd between 5 Mile and 6 Mile. Subdivision will be on the right hand side.
Standard status
Active
APN
H347300000002800
Size
3,978 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2899
HOA Fee
$500 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: Jul 15
Last Checked: Aug 4 at 7:06AM
MLS# 506959
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 newly constructed fourplex is set up as a residential income property with an even unit mix: two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units. The layouts are open-concept and include tile flooring throughout, modern fixtures, and upgraded Samsung kitchen and laundry appliances in each unit.
Construction features include polyfoam insulation in the ceilings and Hebel construction for insulation and durability, and window shutters are currently being installed. The property is located in the Hills at Sharyland subdivision in McAllen, Texas.
The offering is turnkey as presented, providing a complete four-unit configuration designed for consistent, easy-to-market apartment living.
Construction features include polyfoam insulation in the ceilings and Hebel construction for insulation and durability, and window shutters are currently being installed. The property is located in the Hills at Sharyland subdivision in McAllen, Texas.
The offering is turnkey as presented, providing a complete four-unit configuration designed for consistent, easy-to-market apartment living.
Key Highlights
- Under construction 2026 fourplex in the Hills at Sharyland subdivision
- Unit mix: two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units
- Central heating and central air throughout
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 | $54.9k | $13.80 |
| − Vacancy | −$3.5k | −$0.89 |
| EGI | $51.4k | $12.91 |
| − OpEx | −$15.4k | −$3.87 |
| NOI | $35.9k | $9.04 |
3,978 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$513.5K
$449.3K – $599.1K
NOI $35,945 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$471.9K
$412.9K – $550.6K
NOI $33,034 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.08M
$945.2K – $1.26M
NOI $75,614 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Newly constructed fourplex with two 3-bedroom units and two 2-bedroom units, each with two baths and upgraded appliances.
Where is this quadplex located?
The property is located at 5800 Ozark Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Under construction 2026 fourplex in the Hills at Sharyland subdivision; Unit mix: two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units; Central heating and central air throughout
