4-Unit
New
For Sale
$560,000
1801 N Monaco Drive, San Juan, TX 78589
Residential Income, San Juan, TX
Property Size4,264 SF
Lot Size0.28 Acres
Price / SF$131.33
Days on Market2
Property Features for 1801 N Monaco Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking features
Garage
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
Subdivision
Monaco Estates
Lot features
Sidewalks
Elementary school
Guerra
Middle school
Yzaguierre
High school
PSJA North H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
From the Expressway head east on 495 passing Veterans subdivision will be on the left hand side.
Standard status
Active
APN
M567100000000600
Size
4,264 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4194
HOA Fee
$800 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
secure gated community
Building Details
Year built
2025
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: Oct 22
Last Checked: Oct 23 at 4:06AM
MLS# 518486
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.
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Investment Insights
Based on property information with market context.
This 4,264-square-foot quadplex is under construction on a 0.2758-acre site. The four residences each have three bedrooms and two full bathrooms. Central heating and air conditioning serve the units, which include a washer, dryer, refrigerator, microwave, stove/range, and electric water heater. The building has stucco exterior construction, a shingle roof, and garage parking.
Set within a gated community, the property is near 495 and Veterans Road, with shopping, dining, schools, and an expressway also nearby. Public water serves the property.
Set within a gated community, the property is near 495 and Veterans Road, with shopping, dining, schools, and an expressway also nearby. Public water serves the property.
Key Highlights
- Four residences, each with 3 bedrooms and 2 full bathrooms
- 4,264 square feet on 0.2758 acres
- Under construction; year built listed as 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,288
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,760
$745.8K
Cap Rate 7%
$532,686
$532.7K
Cap Rate 9%
$414,311
$414.3K
Market Conditions
NOI Build-Up for 4,264 SF
Gross rent
$59.9K $14.04/SF
− Vacancy
−$6.6K −$1.55/SF
EGI
$53.3K $12.49/SF
− OpEx
−$16.0K −$3.75/SF
NOI
$37.3K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,760
Cap Rate 7%
$532,686
Cap Rate 9%
$414,311
Alternative Uses
Best Use
Multifamily LT 5
$532.7K
$466.1K – $621.5K
NOI $37,288 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$490.4K
$429.1K – $572.2K
NOI $34,331 @ 7.0% cap · market cap 6.13%
Theoretical Best
Hotel Hospitality
$3.21M
$2.81M – $3.75M
NOI $224,819 @ 7.0% cap · market cap 40.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
606
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a three-bedroom, two-bathroom layout with central heating and air conditioning.
Where is this quadplex located?
The property is located at 1801 N Monaco Drive San Juan, 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: Four residences, each with 3 bedrooms and 2 full bathrooms; 4,264 square feet on 0.2758 acres; Under construction; year built listed as 2025
