New Construction 4-Unit
11415 N 24th, McAllen, TX 78504
For Sale
$525,000
Residential Income, McAllen, TX
Property Size4,000 SF
Lot Size0.22 Acres
Price / SF$131.25
Days on Market382
Property Features for 11415 N 24th
General Information
Property type
Property subtype
Property condition
Parking
Parking features
Patio and Porch features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
HOA Fee
Utilities
Heating system
Cooling system
Water source
Amenities
private patios
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Ryan J. Mcdaniel
(956) 299-2111
Added: Oct 29, 2025
Changed: Oct 8
Last Checked: Nov 14 at 12:06AM
MLS# 484292
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.
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Investment Insights
Based on property information with market context.
This 4,000-square-foot quadplex is under construction on a 0.217-acre lot at 11415 N 24th in McAllen. The side-by-side configuration includes four residential units with open-concept interiors, contemporary finishes, stucco construction, shingle roofing, and central heating and cooling. Each unit includes a private patio, while garage parking serves the property. The appliance package includes a refrigerator, stove/range, washer, dryer, and electric water heater.
Built in 2025, the property is connected to public water and offers a four-unit residential income configuration. Its McAllen location places the asset near shopping, dining, and schools, as stated in the property information.
Built in 2025, the property is connected to public water and offers a four-unit residential income configuration. Its McAllen location places the asset near shopping, dining, and schools, as stated in the property information.
Key Highlights
- 4,000‑square‑foot quadplex under construction on a 0.217‑acre lot
- Four side‑by‑side residential units with open‑concept layouts
- 2025 construction with stucco exterior and shingle roof
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
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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
$203,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in McAllen, TX
Properties on Market for Quadplexes in McAllen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four side-by-side units feature open layouts, contemporary finishes, private patios, and garage parking.
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: 4,000‑square‑foot quadplex under construction on a 0.217‑acre lot; Four side‑by‑side residential units with open‑concept layouts; 2025 construction with stucco exterior and shingle roof
