Income-Producing Sixplex in North
11003 N 36th Lane McAllen, TX 78504
For Sale
$740,000
MULTI_FAMILY - McAllen, TX
Property Size5,901 SF
Lot Size0.36 Acres
Price / SF$125.40
Days on Market103
Property Features for 11003 N 36th Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage
- Patio and Porch features
- Patio
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- S644300000000600
- Size
- 5,901 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15880
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 6
- Building materials
- Stucco
- Roof type
- Composition
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Jenny I. Avellaneda
(956) 250-7556
Added: Apr 16
Changed: Jun 9
Last Checked: Jul 27 at 7:06AM
MLS# 501168
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.
Located in North McAllen, this sixplex presents an income-producing opportunity. The property features five long-term rental units and one short-term rental unit currently operating as an Airbnb, generating approximately $1,500 per month. Each unit is equipped with a washer and dryer, stove, refrigerator, and microwave hood. Private patios with grass and a sprinkler system are included with each unit. The property has rear alley access and 11 parking spaces. The building has low maintenance finishes. The lot size is 0.3639 acres and the property size is 5901 square feet.
Key Highlights
- Newer 2023‑built sixplex with diversified rental setup in North McAllen
- 5 long‑term rental units plus 1 unit operating as a short‑term rental (Airbnb) at approx. $1,500/month
- Units come fully equipped with in‑unit washer and dryer, stove/range, refrigerator, and microwave
Financial Insights For Apartment 5plus
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 | $95.6k | $16.20 |
| − Vacancy | −$6.5k | −$1.10 |
| EGI | $89.1k | $15.10 |
| − OpEx | −$40.1k | −$6.79 |
| NOI | $49.0k | $8.30 |
5,901 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$700.0K
$612.5K – $816.7K
NOI $49,003 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,166 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Sixplex with long-term and short-term rental income potential.
Where is this apartment building located?
The property is located at 11003 N 36th Lane McAllen, TX.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Newer 2023‑built sixplex with diversified rental setup in North McAllen; 5 long‑term rental units plus 1 unit operating as a short‑term rental (Airbnb) at approx. $1,500/month; Units come fully equipped with in‑unit washer and dryer, stove/range, refrigerator, and microwave
