New Construction
For Sale
$525,000
11415 N 24th Cir, McAllen, TX 78504
Four side-by-side residences offer open layouts, private patios, and contemporary finishes.
Property Size4,000 SF
Price / SF$131.25
Days on Market353
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Property Features for 11415 N 24th Cir
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
private patios
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan J. McDaniel
(956) 299-2111
Source:
Exprealty
Added: Oct 28, 2025
Changed: Oct 9
Last Checked: Oct 14 at 11:53PM
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 Effective Real Estate
Investment Insights
Based on property information with market context.
This brand-new quadplex comprises four side-by-side residences within 4,000 SF of property. Each unit features an open-concept floor plan, contemporary finishes, and a private patio. The configuration supports separate residential living spaces across the property, with ample parking provided for occupants.
Located at 11415 N 24th Cir in McAllen, the property is positioned near shopping, dining, and schools. The four-unit layout may accommodate an owner-occupant who leases the remaining residences or an investor seeking rental income, as described in the property information.
Located at 11415 N 24th Cir in McAllen, the property is positioned near shopping, dining, and schools. The four-unit layout may accommodate an owner-occupant who leases the remaining residences or an investor seeking rental income, as described in the property information.
Key Highlights
- Brand‑new 4‑plex with four side‑by‑side residences
- 4,000 SF property
- Open‑concept layouts with contemporary finishes in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,144
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,880
$722.9K
Cap Rate 7%
$516,343
$516.3K
Cap Rate 9%
$401,600
$401.6K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$55.2K $13.80/SF
− Vacancy
−$3.6K −$0.89/SF
EGI
$51.6K $12.91/SF
− OpEx
−$15.5K −$3.87/SF
NOI
$36.1K $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%
$722,880
Cap Rate 7%
$516,343
Cap Rate 9%
$401,600
Alternative Uses
Best Use
Multifamily LT 5
$516.3K
$451.8K – $602.4K
NOI $36,144 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$474.5K
$415.2K – $553.6K
NOI $33,216 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
168
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 - Four side-by-side residences offer open layouts, private patios, and contemporary finishes.
Where is this quadplex located?
The property is located at 11415 N 24th Cir McAllen, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Brand‑new 4‑plex with four side‑by‑side residences; 4,000 SF property; Open‑concept layouts with contemporary finishes in each unit
