4-Unit New Construction
New
For Sale
$520,000
11115 N 13th Lane, McAllen, TX 78504
The planned unit mix combines two- and three-bedroom layouts, with appliances included in each residence.
Property Size4,002 SF
Price / SF$129.94
Days on Market6
Property Features for 11115 N 13th Lane
General Information
Standard status
Active
Size
4,002 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
Tile
true
Laundry Closet,Washer/Dryer Connection
Blue Prints
Built-in Features,Ceiling Fan(s),Decorative/High Ceilings,Dryer,Microwave,Washer
false
Public
9141.9372
8
52x116
0.2099
1 Year Warranty
No Garage
Paved
Slab
4002
2
5
Building Details
Building Size
4,002 SF
Year Built
2026
Stories
1
Listing Agency:
Imperio Real Estate LLC
(956) 539-7317
Listed By:
Matt Lopez
Source:
Cncrealtyrgv
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 4 at 6:36AM
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 Imperio Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Planned as a four-unit multifamily property, the 4,002-square-foot development is scheduled for construction in 2026. The layout includes two residences with three bedrooms and two baths each, plus two residences with two bedrooms and two baths each. Appliances are included, and buyers may choose certain finishes during construction.
The property is planned near FM 107 (University Drive), Bicentennial Boulevard, and N. 10th Street. Nearby everyday destinations include UTRGV, H-E-B, Lowe’s, shopping centers, restaurants, and fitness facilities.
The property is planned near FM 107 (University Drive), Bicentennial Boulevard, and N. 10th Street. Nearby everyday destinations include UTRGV, H-E-B, Lowe’s, shopping centers, restaurants, and fitness facilities.
Key Highlights
- Planned 4‑unit multifamily property totaling 4,002 square feet
- Scheduled year built: 2026
- Two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,162
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,240
$723.2K
Cap Rate 7%
$516,600
$516.6K
Cap Rate 9%
$401,800
$401.8K
Market Conditions
NOI Build-Up for 4,002 SF
Gross rent
$55.2K $13.80/SF
− Vacancy
−$3.6K −$0.89/SF
EGI
$51.7K $12.91/SF
− OpEx
−$15.5K −$3.87/SF
NOI
$36.2K $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%
$723,240
Cap Rate 7%
$516,600
Cap Rate 9%
$401,800
Alternative Uses
Best Use
Multifamily LT 5
$516.6K
$452.0K – $602.7K
NOI $36,162 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$474.8K
$415.4K – $553.9K
NOI $33,233 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.09M
$950.9K – $1.27M
NOI $76,070 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
910
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?
Quadplex - The planned unit mix combines two- and three-bedroom layouts, with appliances included in each residence.
Where is this quadplex located?
The property is located at 11115 N 13th Lane McAllen, TX.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Planned 4‑unit multifamily property totaling 4,002 square feet; Scheduled year built: 2026; Two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units
