Brand-New 4-Plex with
11415 N 24th McAllen, TX 78504
New
11415 N 24th, McAllen, TX, 78504
$525,000
For Sale
$525,000
New construction fourplex offering open-concept units, ample parking, and private patios.
Property Size4,000 SF
Price / SF$131.25
Days on Market4
Property Features for 11415 N 24th
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2025
Listing agency
Effective Real Estate
(956) 299-2111
Listed by
Ryan J. McDaniel
Source
Aregtx
Added: Jul 20 Updated: Jul 21 at 12:43PM Checked: Jul 22 at 4:51AM
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 fourplex includes four side-by-side buildings with spacious, open-concept unit layouts. Each unit is described as having contemporary finishes and premium craftsmanship. The property also offers private patios and ample parking for residents.
Located in McAllen, the property is presented as being close to shopping, dining, and top-rated schools.
As a residential income property, the configuration is designed to provide multiple separate units within a single fourplex ownership structure.
Located in McAllen, the property is presented as being close to shopping, dining, and top-rated schools.
As a residential income property, the configuration is designed to provide multiple separate units within a single fourplex ownership structure.
Key Highlights
- Brand‑new 4‑plex built in 2025
- Side‑by‑side building layout with open‑concept unit designs
- Each unit features spacious open‑concept layouts with contemporary finishes
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 |
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 6.88%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - New construction fourplex offering open-concept units, ample parking, and private patios.
Where is this quadplex located?
The property is located at 11415 N 24th 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 built in 2025; Side‑by‑side building layout with open‑concept unit designs; Each unit features spacious open‑concept layouts with contemporary finishes
