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New-Construction Three-Bedroom Duplex
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10322 N 33rd Lane, McAllen, TX 78504

Two residences feature private patios, covered parking, and stainless-steel kitchen appliances.

Property Size2,210 SF
Price / SF$160.63
Days on Market8

Property Features for 10322 N 33rd Lane

General Information

Standard status Active
Size 2,210 SF
Total Parking Spaces 4
Property subtype Multifamily

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Additional Details

Road Access Yes

Building Details

Year Built 2026
Buildings 1
Units 2
Listing Agency: Texas Landmark Realty LLC
Listed By: Irene Uribe Manrique de Lara
Source: Crexi
Added: Jul 29 Changed: Aug 4 Last Checked: Aug 5 at 5:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Texas Landmark Realty LLC

Investment Insights

Based on property information with market context.

This planned duplex is scheduled for completion in 2026 and contains 2,210 square feet. Each residence is designed with three bedrooms and two bathrooms, including one shower and one tub. Covered private patios with concrete slabs extend the living areas, while covered parking accommodates four vehicles. Kitchens are equipped with stainless-steel stoves, refrigerators, and microhoods.

The property is located off Sprague and 31st, with access through Brazos or Zurich. It is near McAllen Camp and Cross Park, south of University Drive. Planned community amenities described for the surrounding development include a park, playground, courts, jogging trails, BBQ pits, covered seating, and green areas.

Key Highlights

  • 2,210‑square‑foot duplex scheduled for completion in 2026
  • Each unit includes 3 bedrooms and 2 bathrooms
  • Four covered parking spaces serve the property

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 $30.5k $13.80
− Vacancy −$2.0k −$0.89
EGI $28.5k $12.91
− OpEx −$8.6k −$3.87
NOI $20.0k $9.04
2,210 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$285.3K
$249.6K – $332.8K (±1% cap)
NOI $19,969 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$262.2K
$229.4K – $305.9K (±1% cap)
NOI $18,352 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$600.1K
$525.1K – $700.1K (±1% cap)
NOI $42,008 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Grocery & Convenience Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

68
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residences feature private patios, covered parking, and stainless-steel kitchen appliances.
Where is this duplex located?
The property is located at 10322 N 33rd Lane McAllen, TX.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 2,210‑square‑foot duplex scheduled for completion in 2026; Each unit includes 3 bedrooms and 2 bathrooms; Four covered parking spaces serve the property
(956) 492-5638 Call to check price and availability
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