11415 N 24th, McAllen, TX 78504
MULTI_FAMILY - McAllen, TX
- Added:
- Oct 29, 2025
- Days on Market:
- 226
- Last Refresh:
- Jun 11 at 5:06 am
Property Features for 11415 N 24th
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Patio
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- N660800000003400
- Size
- 4,000 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Ryan J. Mcdaniel (956) 299-2111
Listing office Effective Real Estate 2212 Primrose Ave., McAllen, TX (956) 322-8522
Listing date Oct 29, 2025
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.
HighLights
- Brand‑new 4‑plex: excellent investment opportunity.
- Spacious, open‑concept layouts with contemporary finishes.
- Prime McAllen location: close to shopping, dining, and top‑rated schools.
- Each unit includes essential appliances.
- Private patios for each unit.
- Ample parking with garage.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.229383
- Latitude
- 26.308787
