Fourplex with Private
New
For Sale
$560,000
1317 E Camellia Avenue, McAllen, TX 78501
Each residence includes appliances, in-unit laundry, storage, and two covered parking spaces.
Property Size4,740 SF
Price / SF$118.14
Days on Market4
Property Features for 1317 E Camellia Avenue
General Information
Standard status
Active
Size
4,740 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/2.5BA
Multifamily Units
4
Parking per Unit
2
Additional Details
Tenant in Place
Yes
Amenities
gated entrance
gated pool
private patios
washer and dryer
Building Details
Year Built
2016
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 8:44AM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
Built in 2016, this fourplex contains 4,740 square feet across four residences. Each unit has an open-concept floor plan with two bedrooms, 2.5 bathrooms, large closets, and private patio space. Appliances and a washer and dryer are included in every residence.
The property is fully occupied. Residents have access to a gated community pool, and each unit is assigned two carport spaces at the rear of the building. The property is located near schools, shopping centers, and restaurants.
The property is fully occupied. Residents have access to a gated community pool, and each unit is assigned two carport spaces at the rear of the building. The property is located near schools, shopping centers, and restaurants.
Key Highlights
- Fourplex totaling 4,740 square feet
- Built in 2016; fully occupied
- Each unit 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
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
828
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes appliances, in-unit laundry, storage, and two covered parking spaces.
Where is this quadplex located?
The property is located at 1317 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 totaling 4,740 square feet; Built in 2016; fully occupied; Each unit has 2 bedrooms and 2.5 bathrooms
