5-Unit Apartment
New
For Sale
$520,000
116 W 4th Street, La Joya, TX 78560
Three separate buildings feature updated mechanical systems, appliances, and refreshed interior finishes.
Property Size2,340 SF
Price / SF$222.22
Days on Market5
Property Features for 116 W 4th Street
General Information
Standard status
Active
Size
2,340 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$7,100
Amenities
Split Bedrooms
Mature Trees
Building Details
Building Size
2,340 SF
Year Built
1999
Buildings
3
Stories
1
Units
5
Listing Agency:
Elevate Real Estate
(956) 445-3563
Listed By:
Adrian Guerra
(956) 598-4857
Source:
Gdvrealty
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 5:57PM
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 Elevate Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5-unit apartment property comprises 2,340 square feet across three buildings. Improvements include new roofs, new interior and exterior air-conditioning units, and new appliances. The property also has fresh paint and remodeled restrooms. Built in 1999, the apartments offer a compact multifamily configuration across separate structures.
The property is in La Joya near schools, stores, and shopping centers, with access to Expressway 83 a few minutes away.
The property is in La Joya near schools, stores, and shopping centers, with access to Expressway 83 a few minutes away.
Key Highlights
- Five apartments across three buildings
- 2,340 square feet total
- New roofs on all three buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,840
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,800
$376.8K
Cap Rate 7%
$269,143
$269.1K
Cap Rate 9%
$209,333
$209.3K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$38.8K $16.56/SF
− Vacancy
−$4.5K −$1.92/SF
EGI
$34.3K $14.64/SF
− OpEx
−$15.4K −$6.59/SF
NOI
$18.8K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,800
Cap Rate 7%
$269,143
Cap Rate 9%
$209,333
Alternative Uses
Best Use
Apartment 5plus
$269.1K
$235.5K – $314.0K
NOI $18,840 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.76M
$1.54M – $2.06M
NOI $123,377 @ 7.0% cap · market cap 23.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 78560, TX
4,815
Population
1,777
Households
2.7
Avg Household Size
32
Median Age
20%
College-Educated
66%
High-School Grad
14.2 sq mi
ZIP Area
339
Density / Sq Mi
$51,739
Median Household Income
$40,971
Median Earnings
$776
Median Rent
$114,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three separate buildings feature updated mechanical systems, appliances, and refreshed interior finishes.
Where is this apartment building located?
The property is located at 116 W 4th Street La Joya, 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: Five apartments across three buildings; 2,340 square feet total; New roofs on all three buildings
