Brick Quadplex Efficiency
1721 N 11th Street McAllen, TX 78501
1721 N 11th Street, McAllen, TX, 78501
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For Sale
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Quadplex converted to four 1-bedroom, 1-bath efficiency apartments with no central air and separate meters.
Property Size2,768 SF
Price / SF$117.41
Days on Market23
Property Features for 1721 N 11th Street
General Information
- Standard status
- Active
- Size
- 2,768 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1975
Listing agency
Marcus Phipps Real Estate LLC
(956) 802-0217
Listed by
Myssie Cardenas-Barajas · License #515302
Source
Crexi
Added: Jun 30 Updated: Jul 20 at 3:54PM Checked: Jul 22 at 2:34PM
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 Marcus Phipps Real Estate LLC
Investment Insights
Based on property information with market context.
This brick quadplex features four 1-bedroom, 1-bath efficiency apartments. The property is described as having been converted from an annex originally associated with the McAllen Hotel and relocated to the current site. Units include 1-bath efficiency layouts, and the building retains original and restored ebony stained oak flooring in noted strong condition. Three units are currently occupied, and one unit is available to tour.
The property is located at 1721 N 11th Street in McAllen, Texas. Public remarks note that the building is encased in brick veneer and that there is no central air. Separate meters are in place for the apartments.
From a practical configuration standpoint, the asset is set up as a four-unit rental building with individually metered utilities and efficiency-style apartment layouts, supported by the noted interior flooring condition.
The property is located at 1721 N 11th Street in McAllen, Texas. Public remarks note that the building is encased in brick veneer and that there is no central air. Separate meters are in place for the apartments.
From a practical configuration standpoint, the asset is set up as a four-unit rental building with individually metered utilities and efficiency-style apartment layouts, supported by the noted interior flooring condition.
Key Highlights
- Converted quadplex with four 1‑bedroom, 1‑bath efficiency apartments
- Three units are currently occupied; one unit is available to tour
- Brick veneer exterior with original and restored ebony stained oak wood flooring
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 | $38.2k | $13.80 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $35.7k | $12.91 |
| − OpEx | −$10.7k | −$3.87 |
| NOI | $25.0k | $9.04 |
2,768 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.3K
$312.7K – $416.9K
NOI $25,012 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$328.4K
$287.3K – $383.1K
NOI $22,986 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$751.6K
$657.7K – $876.9K
NOI $52,614 @ 7.0% cap · market cap 16.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Quadplex converted to four 1-bedroom, 1-bath efficiency apartments with no central air and separate meters.
Where is this quadplex located?
The property is located at 1721 N 11th Street McAllen, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Converted quadplex with four 1‑bedroom, 1‑bath efficiency apartments; Three units are currently occupied; one unit is available to tour; Brick veneer exterior with original and restored ebony stained oak wood flooring
