New Construction Duplex with
For Sale
$345,000
11004 N 27th St, McAllen, TX 78504
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 Market94
Property Features for 11004 N 27th St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
private patios
stainless steel appliances
pantry space
modern finishes
Building Details
Year Built
2026
Listing Agency:
Texas Landmark Realty LLC
Listed By:
Irene Uribe Manrique de Lara · License #801067752
(956) 492-5638
Source:
Aregtx
Added: Jul 21
Changed: Oct 8
Last Checked: Oct 7 at 2:04PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,879
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,580
$397.6K
Cap Rate 7%
$283,986
$284.0K
Cap Rate 9%
$220,878
$220.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$30.4K $13.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$28.4K $12.91/SF
− OpEx
−$8.5K −$3.87/SF
NOI
$19.9K $9.04/SF
Area
McAllen, TX
Vacancy
6.46%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,580
Cap Rate 7%
$283,986
Cap Rate 9%
$220,878
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 authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
71
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
Frequently Asked Questions
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 St 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
