New Construction Fourplex
11403 N 24th Ln McAllen, TX 78504
New
For Sale
$520,000
New construction fourplex with two 2-bedroom and two 3-bedroom units, all leased and fully equipped with appliances.
Property Size4,000 SF
Price / SF$130
Days on Market3
Property Features for 11403 N 24th Ln
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2025
Listing Agency:
Imperio Real Estate LLC
(956) 803-0341
Listed By:
Diana M. Ayala
Source:
Aregtx
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:17AM
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
Investment Insights
Based on property information with market context.
This new construction fourplex features four residential units in a 2-and-2 configuration: two 2-bedroom, 2-bath units and two 3-bedroom, 2-bath units. The property is currently leased, with stated rent amounts for the 2- and 3-bedroom units. Each unit is described as fully equipped with appliances, supporting turnkey occupancy.
The property is located in McAllen, Texas on Highway 107 between 23rd and 29th, approximately 9 minutes from UTRGV, and near grocery stores and major shopping centers on Trenton and 10th St.
With two unit types offered within the same fourplex, the building provides a straightforward mix of layouts while maintaining a consistent 2-bath design across both the 2-bedroom and 3-bedroom floorplans, according to the provided information.
The property is located in McAllen, Texas on Highway 107 between 23rd and 29th, approximately 9 minutes from UTRGV, and near grocery stores and major shopping centers on Trenton and 10th St.
With two unit types offered within the same fourplex, the building provides a straightforward mix of layouts while maintaining a consistent 2-bath design across both the 2-bedroom and 3-bedroom floorplans, according to the provided information.
Key Highlights
- New construction 4‑plex built in 2025 in McAllen, TX
- Unit mix: two 2‑bedroom, 2‑bath units and two 3‑bedroom, 2‑bath units
- All four units are leased (listed as “2 units leased”)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.2k | $13.80 |
| − Vacancy | −$3.6k | −$0.89 |
| EGI | $51.6k | $12.91 |
| − OpEx | −$15.5k | −$3.87 |
| NOI | $36.1k | $9.04 |
4,000 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$516.3K
$451.8K – $602.4K
NOI $36,144 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$474.5K
$415.2K – $553.6K
NOI $33,216 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 14.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - New construction fourplex with two 2-bedroom and two 3-bedroom units, all leased and fully equipped with appliances.
Where is this quadplex located?
The property is located at 11403 N 24th Ln 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: New construction 4‑plex built in 2025 in McAllen, TX; Unit mix: two 2‑bedroom, 2‑bath units and two 3‑bedroom, 2‑bath units; All four units are leased (listed as “2 units leased”)
