New Construction Duplex with
11004 N 27th Street McAllen, TX 78504
11004 N 27th Street, McAllen, TX, 78504
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For Sale
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New duplex featuring two 3-bedroom, 2-bath units with private patios and modern finishes.
Property Size2,200 SF
Price / SF$156.82
Days on Market111
Property Features for 11004 N 27th Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2026
Listing agency
Texas Landmark Realty LLC
Listed by
Irene Uribe Manrique de Lara
Source
Crexi
Added: Apr 3 Updated: Jul 22 at 4:48PM Checked: Jul 22 at 4:48PM
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 new construction duplex includes two separate 3-bedroom, 2-bath units. Each home features private patios, stainless steel appliances, pantry space, and modern finishes designed for tenant appeal.
Located at 11004 N 27th Street in McAllen, TX 78504, the property is described as being near Tres Lagos and in proximity to major retailers, restaurants, and medical centers. The seller’s materials indicate strong rental projections, along with long-term appreciation expectations. Completion is targeted for Summer 2026. The offering notes limited remaining inventory, stating that only 9 units are left, and includes a note that the seller may assist with select closing costs and that buyers can leverage a 15%–25% down structure tied to pre-construction pricing.
Located at 11004 N 27th Street in McAllen, TX 78504, the property is described as being near Tres Lagos and in proximity to major retailers, restaurants, and medical centers. The seller’s materials indicate strong rental projections, along with long-term appreciation expectations. Completion is targeted for Summer 2026. The offering notes limited remaining inventory, stating that only 9 units are left, and includes a note that the seller may assist with select closing costs and that buyers can leverage a 15%–25% down structure tied to pre-construction pricing.
Key Highlights
- New construction duplex (Year Built: 2026) with two 3‑bedroom, 2‑bath units
- Each unit includes private patios and modern finishes tenants demand
- Stainless steel appliances and pantry space included in the units
Local 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 | $30.4k | $13.80 |
| − Vacancy | −$2.0k | −$0.89 |
| EGI | $28.4k | $12.91 |
| − OpEx | −$8.5k | −$3.87 |
| NOI | $19.9k | $9.04 |
2,200 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$284.0K
$248.5K – $331.3K
NOI $19,879 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$261.0K
$228.4K – $304.5K
NOI $18,269 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$597.4K
$522.7K – $697.0K
NOI $41,818 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - New duplex featuring two 3-bedroom, 2-bath units with private patios and modern finishes.
Where is this duplex located?
The property is located at 11004 N 27th Street McAllen, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: New construction duplex (Year Built: 2026) with two 3‑bedroom, 2‑bath units; Each unit includes private patios and modern finishes tenants demand; Stainless steel appliances and pantry space included in the units
