McAllen Fourplex Investment
1304 E Hibiscus Avenue McAllen, TX 78501
1304 E Hibiscus Avenue, McAllen, TX, 78501
$645,000
For Sale
$645,000
MULTI_FAMILY - McAllen, TX
Property Size4,216 SF
Lot Size0.24 Acres
Price / SF$152.99
Days on Market109
Property Features for 1304 E Hibiscus Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Patio
- Appliances
- Electric Water Heater, Dishwasher, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- P375800000000300
- Size
- 4,216 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15242
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing Agency
Keller Williams Realty RGV
(956) 928-1155
3300 N Mccoll. Ste P & Q, McAllen, TX
Listed by
Angela M. Navarrete
(956) 342-0384
Added: Apr 2 Checked: Jul 19 at 1:06 am
MLS# 497888
Listing URL
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.
Investment Insights
Based on property information with market context.
This fourplex, located in a great location, presents an investment opportunity with 10 beds and 8 baths across 4 modern units. The property features contemporary finishes, stylish kitchens equipped with stainless steel appliances, and spacious open layouts. In-unit laundry facilities enhance tenant convenience. Situated within a gated community, the property provides added security. The property has consistent rental income potential and low-maintenance construction. This 4-plex is an opportunity for investors looking to expand their portfolio or enter the multifamily market. The lot size is 0.2353 acres and the property size is 4216 square feet.
Key Highlights
- 2023‑built 4‑plex with 4 modern units
- 10 beds and 8 baths across the four units
- Gated community setting for added resident security
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
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four modern units in a gated community with income potential.
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: 2023‑built 4‑plex with 4 modern units; 10 beds and 8 baths across the four units; Gated community setting for added resident security
