6-Unit Apartment Building with
New
For Sale
$720,000
11003 N 36th Lane, McAllen, TX 78504
Residential Income, McAllen, TX
Property Size5,901 SF
Lot Size0.36 Acres
Price / SF$122.01
Days on Market2
Property Features for 11003 N 36th Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
12
Parking features
Garage
Patio and Porch features
Patio
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
Subdivision
Stonebriar At Trinity Oaks
Lot features
Sidewalks, Sprinkler System
Elementary school
Garza
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
North on 29th. St to Sprague Ave. Turn left on Sprague Ave. (West) to 34th. Ln. turn right on 34th. Lane to enter Stonebriar at Trinity Oaks Subdivision, first street will be Frio Ave., turn left on Frio Ave. to the end of the street to 36th. Ln.
Standard status
Active
APN
S644300000000600
Size
5,901 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
15595
HOA Fee
$600 Annually
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:
Equity Assets Realty
(956) 369-0899
Listed By:
Eugenia Morales · License #801066604
(956) 802-3375
Added: Nov 3
Last Checked: Nov 4 at 8:06AM
MLS# 518360
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.
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Investment Insights
Based on property information with market context.
Completed in 2023, this 5,901-square-foot apartment property contains six units: two with three bedrooms and two bathrooms, three with two bedrooms and two bathrooms, and one with a bedroom and bathroom. The one-bedroom unit is furnished and used for short-term rental. Each residence includes a washer, dryer, stove, refrigerator, and microwave. Stucco construction, central heating and air conditioning, privacy fencing, and patios are among the property features.
The 0.3639-acre site includes 11 covered carport spaces, landscaped green areas, a shared playground, and a walking trail. The property is in North McAllen, Texas.
The 0.3639-acre site includes 11 covered carport spaces, landscaped green areas, a shared playground, and a walking trail. The property is in North McAllen, Texas.
Key Highlights
- Six units with two- and three‑bedroom layouts, plus one furnished one‑bedroom unit
- 5,901 square feet on 0.3639 acres
- Completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,003
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,060
$980.1K
Cap Rate 7%
$700,043
$700.0K
Cap Rate 9%
$544,478
$544.5K
Market Conditions
NOI Build-Up for 5,901 SF
Gross rent
$95.6K $16.20/SF
− Vacancy
−$6.5K −$1.10/SF
EGI
$89.1K $15.10/SF
− OpEx
−$40.1K −$6.79/SF
NOI
$49.0K $8.30/SF
Area
McAllen, TX
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,060
Cap Rate 7%
$700,043
Cap Rate 9%
$544,478
Alternative Uses
Best Use
Apartment 5plus
$700.0K
$612.5K – $816.7K
NOI $49,003 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,166 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Newer construction combines multiple unit layouts with shared outdoor amenities and furnished interiors.
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 $720,000.
What are key features of this property?
This property features: Six units with two- and three‑bedroom layouts, plus one furnished one‑bedroom unit; 5,901 square feet on 0.3639 acres; Completed in 2023
