New-Construction
New
For Sale
$520,000
11511 N 24th Ln, McAllen, TX 78504
Four furnished-appliance units are planned, each with open living areas, quartz counters, and walk-in closets.
Property Size3,500 SF
Price / SF$148.57
Days on Market6
Property Features for 11511 N 24th Ln
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
2025
Listing Agency:
WINNERS CIRCLE
Listed By:
Avinaash Nash Buxani · License #TREC#0712106
(956) 821-6170
Source:
Aregtx
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 7 at 1:51PM
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 WINNERS CIRCLE
Investment Insights
Based on property information with market context.
Under construction in McAllen, this 2025 quadplex is planned with four units across 3,500 square feet. Each unit will have an open-concept living area, quartz countertops, and walk-in closets. The appliance package includes a washer, dryer, refrigerator, stove, and microwave. The property is expected to be ready for occupancy upon completion.
The property is located minutes from UTRGV, the Edinburg Courthouse, major employers, retail, and dining.
The property is located minutes from UTRGV, the Edinburg Courthouse, major employers, retail, and dining.
Key Highlights
- Four units in a 3,500‑square‑foot building
- Under construction; year built listed as 2025
- Each unit includes quartz countertops and walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,626
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,520
$632.5K
Cap Rate 7%
$451,800
$451.8K
Cap Rate 9%
$351,400
$351.4K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$48.3K $13.80/SF
− Vacancy
−$3.1K −$0.89/SF
EGI
$45.2K $12.91/SF
− OpEx
−$13.6K −$3.87/SF
NOI
$31.6K $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%
$632,520
Cap Rate 7%
$451,800
Cap Rate 9%
$351,400
Alternative Uses
Best Use
Multifamily LT 5
$451.8K
$395.3K – $527.1K
NOI $31,626 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$415.2K
$363.3K – $484.4K
NOI $29,064 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$950.4K
$831.6K – $1.11M
NOI $66,528 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
49
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished-appliance units are planned, each with open living areas, quartz counters, and walk-in closets.
Where is this quadplex located?
The property is located at 11511 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: Four units in a 3,500‑square‑foot building; Under construction; year built listed as 2025; Each unit includes quartz countertops and walk‑in closets
