Modern Fourplex in Gated
For Sale
$645,000
1304 E Hibiscus Ave, McAllen, TX 78501
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 Market218
Property Features for 1304 E Hibiscus Ave
General Information
Standard status
Active
Size
4,216 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
gated community
in-unit laundry
stainless steel appliances
Building Details
Year Built
2023
Tenancy
Multi
Listing Agency:
Keller Williams Realty RGV
Listed By:
Angela M. Navarrete · License #0713156
(956) 342-0384
Source:
Aregtx
Added: Mar 19
Changed: Oct 12
Last Checked: Oct 20 at 9:39PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,096
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,920
$761.9K
Cap Rate 7%
$544,229
$544.2K
Cap Rate 9%
$423,289
$423.3K
Market Conditions
NOI Build-Up for 4,216 SF
Gross rent
$58.2K $13.80/SF
− Vacancy
−$3.8K −$0.89/SF
EGI
$54.4K $12.91/SF
− OpEx
−$16.3K −$3.87/SF
NOI
$38.1K $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%
$761,920
Cap Rate 7%
$544,229
Cap Rate 9%
$423,289
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 authorities.
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,512
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 Ave 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
