Modern Fourplex in Gated
1304 E Hibiscus Avenue McAllen, TX 78501
1304 E Hibiscus Avenue, McAllen, TX, 78501
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For Sale
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Four modern units with in-unit laundry and stainless steel appliances within a gated community setting.
Property Size4,216 SF
Price / SF$152.99
Days on Market131
Property Features for 1304 E Hibiscus Avenue
General Information
- Standard status
- Active
- Size
- 4,216 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing agency
Keller Williams Realty RGV
Listed by
Angela Navarrete · License #0713156
Source
Crexi
Added: Mar 14 Updated: Jul 21 at 9:49PM Checked: Jul 21 at 9:49PM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This fourplex offers four modern residential units configured with a total of 10 bedrooms and 8 bathrooms. The units are described as featuring contemporary finishes, open layouts, and stylish kitchens with stainless steel appliances. In-unit laundry is provided for tenant convenience.
The property is located within a gated community, which the marketing materials highlight as an added layer of security for residents.
For sale as a single fourplex investment, the asset is presented as low-maintenance and designed to support tenant living through in-unit amenities and updated interiors.
The property is located within a gated community, which the marketing materials highlight as an added layer of security for residents.
For sale as a single fourplex investment, the asset is presented as low-maintenance and designed to support tenant living through in-unit amenities and updated interiors.
Key Highlights
- Built in 2023 fourplex with 4 modern units
- 10 beds and 8 baths total across the four units
- Each unit includes in‑unit laundry
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.2k | $13.80 |
| − Vacancy | −$3.8k | −$0.89 |
| EGI | $54.4k | $12.91 |
| − OpEx | −$16.3k | −$3.87 |
| NOI | $38.1k | $9.04 |
4,216 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.2K
$476.2K – $634.9K
NOI $38,096 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$500.1K
$437.6K – $583.5K
NOI $35,010 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M
NOI $80,138 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four modern units with in-unit laundry and stainless steel appliances within a gated community setting.
Where is this quadplex located?
The property is located at 1304 E Hibiscus Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Built in 2023 fourplex with 4 modern units; 10 beds and 8 baths total across the four units; Each unit includes in‑unit laundry
