Four-Unit
New
For Sale
$390,000
114 W Amy Drive, San Juan, TX 78589
Residential Income, San Juan, TX
Property Size3,456 SF
Lot Size0.22 Acres
Price / SF$112.85
Days on Market2
Property Features for 114 W Amy Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Garage
Appliances
Electric Water Heater, Refrigerator, Stove/Range-Electric Coil
Subdivision
Los Jardines
Lot features
Curb & Gutters
Elementary school
Doedyns
Middle school
Yzaguierre
High school
PSJA North H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
From Interstate 2 (Expressway 83) in San Juan, head south on N Veterans Blvd for approximately one mile. Turn right (west) onto W Amy Dr and proceed down the street; the property will be located on your right-hand (north) side.
Standard status
Active
APN
L621500000000400
Size
3,456 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8389
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2013
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Sep 2
Last Checked: Sep 3 at 7:06PM
MLS# 513658
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2013, this quadplex contains four residential units totaling 3,456 square feet. Each unit is configured with two bedrooms and one bathroom, creating a consistent layout throughout the property. The building features stucco construction, shingle roofing, central heating, central air, electric water heaters, refrigerators, and electric coil stove/ranges. Garage parking is provided, and the property is served by public water.
The 0.2212-acre property is located in San Juan near schools, local shopping, the post office, and major roadways. Expressway access is also available nearby. All four units are leased.
The 0.2212-acre property is located in San Juan near schools, local shopping, the post office, and major roadways. Expressway access is also available nearby. All four units are leased.
Key Highlights
- Four‑unit quadplex with 3,456 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Fully leased across all four units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,223
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$604,460
$604.5K
Cap Rate 7%
$431,757
$431.8K
Cap Rate 9%
$335,811
$335.8K
Market Conditions
NOI Build-Up for 3,456 SF
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.
Gross rent
$48.5K $14.04/SF
− Vacancy
−$5.3K −$1.55/SF
EGI
$43.2K $12.49/SF
− OpEx
−$13.0K −$3.75/SF
NOI
$30.2K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$604,460
Cap Rate 7%
$431,757
Cap Rate 9%
$335,811
Alternative Uses
Best Use
Multifamily LT 5
$431.8K
$377.8K – $503.7K
NOI $30,223 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$397.5K
$347.8K – $463.8K
NOI $27,826 @ 7.0% cap · market cap 7.13%
Theoretical Best
Hotel Hospitality
$2.60M
$2.28M – $3.04M
NOI $182,218 @ 7.0% cap · market cap 46.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased residential property with consistent two-bedroom, one-bath layouts across all units.
Where is this quadplex located?
The property is located at 114 W Amy Drive San Juan, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,456 square feet; Each unit includes 2 bedrooms and 1 bathroom; Fully leased across all four units
