Fourplex with Three-Bedroom
11307 24th Street, McAllen, TX 78504
For Sale
$520,000
Each of the four residences is configured with three bedrooms and includes installed appliances.
Property Size4,004 SF
Price / SF$129.87
Days on Market21
Property Features for 11307 24th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Dryer
Microwave
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
WINNERS CIRCLE
(956) 250-7453
Listed By:
Avinaash Nash Buxani · License #TREC#0712106
(956) 949-9337
Source:
Dolcevitargv
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 8 at 8:00PM
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 WINNERS CIRCLE
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.
This 4,004-square-foot fourplex in McAllen contains four units, each with three bedrooms. Appliances are installed, and the property is fenced. The recorded year built is 2025.
The property is at 11307 24th Street in McAllen, Texas 78504.
The property is at 11307 24th Street in McAllen, Texas 78504.
Key Highlights
- Four units, each configured with three bedrooms
- 4,004 SF property
- Appliances installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,180
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,600
$723.6K
Cap Rate 7%
$516,857
$516.9K
Cap Rate 9%
$402,000
$402.0K
Market Conditions
NOI Build-Up for 4,004 SF
Gross rent
$55.3K $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%
$723,600
Cap Rate 7%
$516,857
Cap Rate 9%
$402,000
Alternative Uses
Best Use
Multifamily LT 5
$516.9K
$452.3K – $603.0K
NOI $36,180 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$475.0K
$415.6K – $554.2K
NOI $33,250 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.09M
$951.4K – $1.27M
NOI $76,108 @ 7.0% cap · market cap 14.64%
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
85
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
$203,900
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in McAllen, TX
Properties on Market for Quadplexes in McAllen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each of the four residences is configured with three bedrooms and includes installed appliances.
Where is this quadplex located?
The property is located at 11307 24th Street 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: Four units, each configured with three bedrooms; 4,004 SF property; Appliances installed
