Fourplex with Private
1316 E Camellia Avenue, McAllen, TX 78501
For Sale
New
$560,000
Fully occupied residential property includes in-unit laundry, appliances, and covered parking for each residence.
Property Size4,740 SF
Price / SF$118.14
Days on Market4
Property Features for 1316 E Camellia Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private patios
washer and dryer
gated entrance
gated pool
Ceiling Fan(s)
Decorative/High Ceilings
Dryer
Microwave
Washer
Balcony
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Magnolia Rentals, Inc.
(956) 630-4225
Listed By:
Lauren D Gonzalez
(956) 802-9226
Source:
Dolcevitargv
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 5:06PM
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 Magnolia Rentals, Inc.
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Investment Insights
Based on property information with market context.
Built in 2010, this fourplex contains 4,740 square feet across four residences. Each unit has an open-concept floor plan, two bedrooms, two and a half baths, large closets, and additional storage. Appliances and a washer and dryer are included, along with a private patio and two carport spaces per unit.
The property is in McAllen near schools, shopping centers, and restaurants. Community amenities include a controlled-access entrance and a gated pool.
The property is in McAllen near schools, shopping centers, and restaurants. Community amenities include a controlled-access entrance and a gated pool.
Key Highlights
- Fourplex with 4,740 square feet, built in 2010
- All four units are occupied
- Each residence has 2 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,830
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,600
$856.6K
Cap Rate 7%
$611,857
$611.9K
Cap Rate 9%
$475,889
$475.9K
Market Conditions
NOI Build-Up for 4,740 SF
Gross rent
$65.4K $13.80/SF
− Vacancy
−$4.2K −$0.89/SF
EGI
$61.2K $12.91/SF
− OpEx
−$18.4K −$3.87/SF
NOI
$42.8K $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%
$856,600
Cap Rate 7%
$611,857
Cap Rate 9%
$475,889
Alternative Uses
Best Use
Multifamily LT 5
$611.9K
$535.4K – $713.8K
NOI $42,830 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$562.3K
$492.0K – $656.0K
NOI $39,362 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,098 @ 7.0% cap · market cap 16.09%
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
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,131
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 - Fully occupied residential property includes in-unit laundry, appliances, and covered parking for each residence.
Where is this quadplex located?
The property is located at 1316 E Camellia Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Fourplex with 4,740 square feet, built in 2010; All four units are occupied; Each residence has 2 bedrooms and 2.5 bathrooms
