San Juan Four-Plex
1821 Monaco Drive, San Juan, TX 78589
MULTI_FAMILY - San Juan, TX
Property size:
4,056 SFLot size:
0.28 AcresPrice / SF:
$125/SF- Added:
- Mar 23, 2026
- Days on Market:
- 73
- Last Refresh:
- Jun 3 at 1:06 am
Property Features for 1821 Monaco Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Exterior features
- Motorized Gate, Sprinkler System
- Fencing
- Gate
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- M567100000001100
- Size
- 4,056 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4202
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Jorge L. Zambrano (956) 800-3623
Listing office BIG Realty 4847 S Jackson Rd., Pharr, TX (956) 465-0011
Listing date Mar 23, 2026
MLS# 483293
Listing URL
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.
HighLights
- Four‑plex apartment complex offering immediate investment potential.
- Located in a gated community, providing privacy and security.
- Mix of unit sizes: two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units.
- New construction: Built in 2024.
- Modern layouts with spacious living areas.
- Convenient access to expressway, restaurants, retail shops, shopping centers, and schools.
Overview
This four-plex apartment complex presents an investment opportunity, situated within a gated community. The property consists of two units featuring 3 bedrooms and 2 baths each, along with two units offering 2 bedrooms and 2 baths each. The units are designed with modern layouts and spacious living areas. The location provides convenient access to the expressway, restaurants, retail shops, shopping centers, and schools. The property size is 4,056 square feet and the lot size is 0.2758 acres.
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 | $56.9k | $14.04 |
| − Vacancy | −$6.3k | −$1.55 |
| EGI | $50.7k | $12.49 |
| − OpEx | −$15.2k | −$3.75 |
| NOI | $35.5k | $8.74 |
4,056 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$506.7K
$443.4K – $591.2K
NOI $35,470 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$466.5K
$408.2K – $544.3K
NOI $32,657 @ 7.0% cap · market cap 6.40%
Theoretical Best
Hotel Hospitality
$3.06M
$2.67M – $3.56M
NOI $213,853 @ 7.0% cap · market cap 41.93%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- San Juan
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.159419
- Latitude
- 26.210917
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-plex in gated community near expressway, restaurants, retail, schools.
Where is this quadplex located?
The property is located at 1821 Monaco Drive San Juan, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Four‑plex apartment complex offering immediate investment potential.; Located in a gated community, providing privacy and security.; Mix of unit sizes: two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units.
