4-Unit Residential Income
New
For Sale
$598,760
1208 E Pineridge Avenue E, McAllen, TX 78503
Residential Income, McAllen, TX
Property Size5,252 SF
Lot Size0.18 Acres
Price / SF$114.01
Days on Market2
Property Features for 1208 E Pineridge Avenue E
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Exterior features
Balcony
Appliances
Electric Water Heater, Electric Cooktop, Dishwasher, Dryer, Microwave, Oven-Microwave, Refrigerator, Stove/Range-Electric Coil, Washer
Subdivision
Las Canadas
Lot features
Curb & Gutters
Elementary school
Palmer
Middle school
Kennedy
High school
PSJA South West H.S.
Elementary school district
McAllen ISD
Middle school district
McAllen ISD
High school district
McAllen ISD
Directions
reach 1208 E Pineridge Ave, McAllen, TX 78503, follow these directions: Head south on S McColl Rd. Turn left onto E Pineridge Ave. Turn right onto S K Center Street. Continue to E Pineridge Ave; the property will be on your right-hand side.
Standard status
Active
APN
L314900002001200
Size
5,252 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12699
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
refrigerator
stove
microwave
washer
dryer
Building Details
Year built
2018
Floors in Building
2
Number of units
4
Building materials
Stucco
Roof type
Tile
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Allen Lozano
(956) 246-2563
Added: Oct 16
Last Checked: Oct 17 at 8:06AM
MLS# 518097
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.
Built in 2018, this four-unit residential income property contains 5,252 square feet across 0.1837 acres. Each residence offers 3 bedrooms and 3 bathrooms, with a balcony and a refrigerator, electric cooktop, dishwasher, microwave, oven, washer, and dryer. The building has stucco exterior construction, central heating and air conditioning, a tile roof, and garage parking. Eight parking spaces serve the property.
All four units are leased. The property is located in McAllen, Texas, and has public water service.
All four units are leased. The property is located in McAllen, Texas, and has public water service.
Key Highlights
- Four units, each with 3 bedrooms and 3 bathrooms
- 5,252 square feet on 0.1837 acres
- 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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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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 - Each residence includes three bedrooms, three bathrooms, and in-unit laundry appliances.
Where is this quadplex located?
The property is located at 1208 E Pineridge Avenue E 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; 5,252 square feet on 0.1837 acres; Built in 2018
