4-Unit Quadplex with New
For Sale
$520,000
11115 N 13th St, McAllen, TX 78504
The planned layout combines two- and three-bedroom residences, each with two bathrooms and appliances.
Property Size4,002 SF
Price / SF$129.94
Days on Market156
Property Features for 11115 N 13th St
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
Listing Agency:
Imperio Real Estate LLC
(956) 803-0341
Listed By:
Diana M. Ayala
(956) 379-0822
Source:
Exprealty
Added: Jun 2
Changed: Oct 30
Last Checked: Nov 3 at 7:46AM
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
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Investment Insights
Based on property information with market context.
Planned as a new-construction quadplex, the property will contain four residences: two with three bedrooms and two bathrooms each, plus two with two bedrooms and two bathrooms each. Appliances are included, and buyers may choose certain finishes while construction is underway.
The property is near FM 107, also known as University Drive, Bicentennial Boulevard, and N. 10th Street. Nearby destinations include UTRGV, H-E-B, Lowe’s, shopping centers, restaurants, and fitness facilities.
The property is near FM 107, also known as University Drive, Bicentennial Boulevard, and N. 10th Street. Nearby destinations include UTRGV, H-E-B, Lowe’s, shopping centers, restaurants, and fitness facilities.
Key Highlights
- Planned new‑construction quadplex with four residences
- Unit mix includes two 3‑bedroom, 2‑bath residences and two 2‑bedroom, 2‑bath residences
- Appliances included in all 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
1,457
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 layout combines two- and three-bedroom residences, each with two bathrooms and appliances.
Where is this quadplex located?
The property is located at 11115 N 13th St 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 new‑construction quadplex with four residences; Unit mix includes two 3‑bedroom, 2‑bath residences and two 2‑bedroom, 2‑bath residences; Appliances included in all units
