Four-Unit Quadplex with Open
For Sale
$465,000
12610 N 33rd Ln, McAllen, TX 78504
Gated fourplex with varied unit layouts, open-concept interiors, and high-end finishes near schools, shopping, dining, and parks.
Property Size3,520 SF
Price / SF$132.10
Days on Market60
Property Features for 12610 N 33rd Ln
General Information
Standard status
Active
Size
3,520 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 1BR/1BA, 2 x 3BR/2BA
Multifamily Units
4
Amenities
gated subdivision
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Imperio Real Estate LLC
Listed By:
Bryanna Hernandez · License #TREC#0755547
(956) 803-0341
Source:
Aregtx
Added: Aug 9
Changed: Sep 6
Last Checked: Oct 6 at 12:47AM
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 Imperio Real Estate LLC
Investment Insights
Based on property information with market context.
Completed in 2024, this 3,520-square-foot quadplex contains four residential units within a gated subdivision. The configuration includes two one-bedroom, one-bath units and two three-bedroom, two-bath units, providing a mix of smaller and larger floor plans. Each residence features an open-concept layout and high-end finishes.
The property is positioned just off Highway 107 and Ware Road, with UTRGV, Texas A&M University–McAllen, IDEA Public Schools, parks, shopping centers, and dining options identified nearby. The combination of unit variety, recently built improvements, and access to area destinations supports a broad residential rental profile.
The property is positioned just off Highway 107 and Ware Road, with UTRGV, Texas A&M University–McAllen, IDEA Public Schools, parks, shopping centers, and dining options identified nearby. The combination of unit variety, recently built improvements, and access to area destinations supports a broad residential rental profile.
Key Highlights
- Four‑unit property totaling 3,520 square feet
- Built in 2024 within a gated subdivision
- Unit mix includes two 1‑bedroom, 1‑bath units and two 3‑bedroom, 2‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,807
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,140
$636.1K
Cap Rate 7%
$454,386
$454.4K
Cap Rate 9%
$353,411
$353.4K
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$48.6K $13.80/SF
− Vacancy
−$3.1K −$0.89/SF
EGI
$45.4K $12.91/SF
− OpEx
−$13.6K −$3.87/SF
NOI
$31.8K $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%
$636,140
Cap Rate 7%
$454,386
Cap Rate 9%
$353,411
Alternative Uses
Best Use
Multifamily LT 5
$454.4K
$397.6K – $530.1K
NOI $31,807 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$417.6K
$365.4K – $487.2K
NOI $29,231 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$955.8K
$836.4K – $1.12M
NOI $66,908 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
26
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Gated fourplex with varied unit layouts, open-concept interiors, and high-end finishes near schools, shopping, dining, and parks.
Where is this quadplex located?
The property is located at 12610 N 33rd Ln McAllen, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Four‑unit property totaling 3,520 square feet; Built in 2024 within a gated subdivision; Unit mix includes two 1‑bedroom, 1‑bath units and two 3‑bedroom, 2‑bath units
