Four-Unit Quadplex with
New
For Sale
$598,760
1208 E Pineridge Avenue E McAllen, McAllen, TX 78503
All four residences are leased and include kitchen and laundry appliances.
Property Size5,252 SF
Days on Market3
Property Features for 1208 E Pineridge Avenue E McAllen
General Information
Standard status
Active
Size
5,252 SF
Total Parking Spaces
8
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 3BR/3BA
Multifamily Units
4
Additional Details
Gross Income
$60,300
Taxes and HOA fees
Annual Taxes
$12,699
Building Details
Building Size
5,252 SF
Year Built
2018
Buildings
1
Listing Agency:
BIG Realty
Listed By:
Allen Lozano
(956) 246-2563
Source:
Primeluxuryrealestate
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 21 at 2:40AM
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 BIG Realty
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Investment Insights
Based on property information with market context.
Built in 2018, this McAllen quadplex contains four residences, each with 3 bedrooms, 3 bathrooms, and approximately 1,313 square feet. Refrigerators, stoves, microwaves, washers, and dryers are provided in every unit. The property has 8 parking spaces.
All four units are currently leased. The property is in South McAllen, with shopping, dining, schools, and major roadways accessible nearby.
All four units are currently leased. The property is in South McAllen, with shopping, dining, schools, and major roadways accessible nearby.
Key Highlights
- Four units, each with 3 bedrooms and 3 bathrooms
- Approximately 1,313 square feet per unit
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,457
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$949,140
$949.1K
Cap Rate 7%
$677,957
$678.0K
Cap Rate 9%
$527,300
$527.3K
Market Conditions
NOI Build-Up for 5,252 SF
Gross rent
$72.5K $13.80/SF
− Vacancy
−$4.7K −$0.89/SF
EGI
$67.8K $12.91/SF
− OpEx
−$20.3K −$3.87/SF
NOI
$47.5K $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%
$949,140
Cap Rate 7%
$677,957
Cap Rate 9%
$527,300
Alternative Uses
Best Use
Multifamily LT 5
$678.0K
$593.2K – $791.0K
NOI $47,457 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$623.0K
$545.2K – $726.9K
NOI $43,613 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,830 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 78503, TX
23,604
Population
8,090
Households
2.9
Avg Household Size
35
Median Age
25%
College-Educated
71%
High-School Grad
19.2 sq mi
ZIP Area
1,229
Density / Sq Mi
$48,765
Median Household Income
$27,514
Median Earnings
$1,087
Median Rent
$130,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are leased and include kitchen and laundry appliances.
Where is this quadplex located?
The property is located at 1208 E Pineridge Avenue E McAllen McAllen, TX.
What is the asking price?
The asking price for this property is $598,760.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 3 bathrooms; Approximately 1,313 square feet per unit; Built in 2018
