Fourplex with Private
1300 N 47th Street, McAllen, TX 78501
For Sale
$525,000
All four residences are occupied, and each has a patio and private backyard.
Property Size4,156 SF
Price / SF$126.32
Days on Market15
Property Features for 1300 N 47th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Microwave
Split Bedrooms
Walk-In Closet(s)
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Imperio Real Estate LLC
(956) 803-0341
Listed By:
Lauren Lynn Arebalo
(956) 222-4137
Source:
Justrealty
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 8 at 5:43PM
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
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Investment Insights
Based on property information with market context.
Built in 2020, this 4,156-square-foot fourplex contains four occupied units: two with two bedrooms and two with three bedrooms. Each residence has two full bathrooms, a patio, and a private backyard.
The property is at 1300 N 47th Street in McAllen, with access to shopping, dining, schools, STC college, and major roadways.
The property is at 1300 N 47th Street in McAllen, with access to shopping, dining, schools, STC college, and major roadways.
Key Highlights
- Four occupied units: two 2‑bedroom and two 3‑bedroom residences
- Built in 2020; 4,156 square feet
- Each unit has 2 full bathrooms, a patio, and a private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,553
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,060
$751.1K
Cap Rate 7%
$536,471
$536.5K
Cap Rate 9%
$417,256
$417.3K
Market Conditions
NOI Build-Up for 4,156 SF
Gross rent
$57.4K $13.80/SF
− Vacancy
−$3.7K −$0.89/SF
EGI
$53.6K $12.91/SF
− OpEx
−$16.1K −$3.87/SF
NOI
$37.6K $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%
$751,060
Cap Rate 7%
$536,471
Cap Rate 9%
$417,256
Alternative Uses
Best Use
Multifamily LT 5
$536.5K
$469.4K – $625.9K
NOI $37,553 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$493.0K
$431.4K – $575.2K
NOI $34,512 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$1.13M
$987.5K – $1.32M
NOI $78,997 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in McAllen, TX
Properties on Market for Quadplexes in McAllen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, and each has a patio and private backyard.
Where is this quadplex located?
The property is located at 1300 N 47th Street McAllen, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four occupied units: two 2‑bedroom and two 3‑bedroom residences; Built in 2020; 4,156 square feet; Each unit has 2 full bathrooms, a patio, and a private backyard
