Fully Rented Fourplex with Covered
For Sale
$524,000
1609 Angelina Drive, San Juan, TX 78589
MULTI_FAMILY - San Juan, TX
Property Size4,322 SF
Lot Size0.23 Acres
Price / SF$121.24
Days on Market15
Property Features for 1609 Angelina Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Garage
Appliances
Electric Water Heater
Subdivision
Meadows On Ridge
Lot features
Sidewalks
Elementary school
Sorenson
Middle school
Austin
High school
PSJA H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
From I-2 (Expressway 83), exit Raul Longoria Rd and head South. Turn Left (East) onto W Ridge Rd. Travel approximately 1 mile and turn Right (South) onto N Cesar Chavez Rd. Turn right onto E Citrine St, then take the first Left onto Angelina Dr. The property will be on the left side.
Standard status
Active
APN
M319900001000500
Size
4,322 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15330
HOA Fee
$850 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: Jul 16
Last Checked: Jul 30 at 11:06PM
MLS# 493514
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 contemporary fourplex is fully rented and positioned as a turnkey income property. The unit mix includes two 3-bedroom, 2-bath homes and two 2-bedroom, 2-bath homes. Inside, each unit features tile flooring, custom cabinetry, and quartz countertops, with open-concept floor plans designed for comfortable living. Covered parking is provided for tenant convenience.
Located in the Meadows on Ridge community in San Juan, TX, the property is described as being near Expressway 83, shopping, and dining. It also falls within PSJA ISD.
With four separately leased units and consistent interior finishes across the building, the property offers an organized rental setup suited to investors seeking immediate occupancy.
Located in the Meadows on Ridge community in San Juan, TX, the property is described as being near Expressway 83, shopping, and dining. It also falls within PSJA ISD.
With four separately leased units and consistent interior finishes across the building, the property offers an organized rental setup suited to investors seeking immediate occupancy.
Key Highlights
- Turnkey fourplex fully rented for immediate income.
- Desirable location near Expressway 83, shopping, dining, and PSJA ISD.
- Well‑balanced unit mix: two 3‑bedroom/2‑bath and two 2‑bedroom/2‑bath units.
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 | $60.7k | $14.04 |
| − Vacancy | −$6.7k | −$1.55 |
| EGI | $54.0k | $12.49 |
| − OpEx | −$16.2k | −$3.75 |
| NOI | $37.8k | $8.74 |
4,322 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$539.9K
$472.5K – $629.9K
NOI $37,796 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$497.1K
$435.0K – $580.0K
NOI $34,798 @ 7.0% cap · market cap 6.64%
Theoretical Best
Hotel Hospitality
$3.26M
$2.85M – $3.80M
NOI $227,877 @ 7.0% cap · market cap 43.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Contemporary fourplex with a mix of two 3-bed/2-bath and two 2-bed/2-bath units, plus covered parking.
Where is this quadplex located?
The property is located at 1609 Angelina Drive San Juan, TX.
What is the asking price?
The asking price for this property is $524,000.
What are key features of this property?
This property features: Turnkey fourplex fully rented for immediate income.; Desirable location near Expressway 83, shopping, dining, and PSJA ISD.; Well‑balanced unit mix: two 3‑bedroom/2‑bath and two 2‑bedroom/2‑bath units.
