New Construction 4-Plex For
1905 Monaco Drive San Juan, TX 78589
New
1905 Monaco Drive, San Juan, TX, 78589
$550,000
For Sale
$550,000
MULTI_FAMILY - San Juan, TX
Property Size4,400 SF
Lot Size0.27 Acres
Price / SF$125
Days on Market2
Property Features for 1905 Monaco Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Property condition
- Under Construction
- Parking
- 8
- Parking features
- None
- Patio and Porch features
- Patio
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- M567100000001300
- Size
- 4,400 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2886
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Composition
Listing Agency
Keller Williams Realty RGV
(956) 928-1155
3300 N Mccoll. Ste P & Q, McAllen, TX
Listed by
Jaime Lee Gonzalez
(956) 599-8400
Added: Jul 17 Checked: Jul 18 at 12:06 pm
MLS# 509386
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.
Investment Insights
Based on property information with market context.
New construction 4-plex available for sale at 1905 Monaco Drive in San Juan, Texas. The property is fully rented and configured as four separate units, each offering 3 bedrooms and 2 bathrooms.
Conveniently located near FM 495 and Veterans Rd, with quick access to Expressway 83 and Highway 281. The area is described as being minutes from HEB, restaurants, and shopping centers.
The subject property totals 4,400 square feet.
Conveniently located near FM 495 and Veterans Rd, with quick access to Expressway 83 and Highway 281. The area is described as being minutes from HEB, restaurants, and shopping centers.
The subject property totals 4,400 square feet.
Key Highlights
- New construction 4‑plex built in 2026, currently under construction
- 4 units, each with 3 bedrooms and 2 bathrooms
- All units are fully rented
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 | $61.8k | $14.04 |
| − Vacancy | −$6.8k | −$1.55 |
| EGI | $55.0k | $12.49 |
| − OpEx | −$16.5k | −$3.75 |
| NOI | $38.5k | $8.74 |
4,400 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.7K
$481.0K – $641.3K
NOI $38,478 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$506.1K
$442.8K – $590.4K
NOI $35,426 @ 7.0% cap · market cap 6.44%
Theoretical Best
Hotel Hospitality
$3.31M
$2.90M – $3.87M
NOI $231,990 @ 7.0% cap · market cap 42.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully rented new-construction 4-plex with four 3-bed, 2-bath units near major roads.
Where is this quadplex located?
The property is located at 1905 Monaco Drive San Juan, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: New construction 4‑plex built in 2026, currently under construction; 4 units, each with 3 bedrooms and 2 bathrooms; All units are fully rented
