New Construction
For Sale
$550,000
1905 Monaco Drive, San Juan, TX 78589
Residential Income, San Juan, TX
Property Size4,400 SF
Lot Size0.27 Acres
Price / SF$125
Days on Market94
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
Subdivision
Monaco Estates
Lot features
Cul-De-Sac, Irregular Lot, Sidewalks, Sprinkler System
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 495 and Veterans Road in San Juan TX, go East on 495 and gated subdivision will be to the left hand side.
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
HOA Fee
$800 Annually
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
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: Jul 17
Changed: Oct 8
Last Checked: Oct 18 at 9:06PM
MLS# 509386
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 4,400-square-foot quadplex is under construction on a 0.2711-acre lot and is scheduled for completion in 2026. The property contains four units, each configured with three bedrooms and two bathrooms. Interior features include elegant finishes, while patios and privacy fencing extend the usable living environment. Appliances include refrigerators, stoves/ranges, microwaves, washers, dryers, and electric water heaters. Central air conditioning and central electric heating are planned, with public water service and composition roofing.
The property is located at 1905 Monaco Drive in San Juan, Texas, near FM 495 and Veterans Road. Expressway 83 and Highway 281 provide regional access, while HEB, restaurants, and shopping centers are described as minutes away. The property includes no designated parking features.
The property is located at 1905 Monaco Drive in San Juan, Texas, near FM 495 and Veterans Road. Expressway 83 and Highway 281 provide regional access, while HEB, restaurants, and shopping centers are described as minutes away. The property includes no designated parking features.
Key Highlights
- Quadplex totaling 4,400 square feet on 0.2711 acres
- Four units, each with 3 bedrooms and 2 bathrooms
- Under construction with 2026 year built
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,478
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,560
$769.6K
Cap Rate 7%
$549,686
$549.7K
Cap Rate 9%
$427,533
$427.5K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$61.8K $14.04/SF
− Vacancy
−$6.8K −$1.55/SF
EGI
$55.0K $12.49/SF
− OpEx
−$16.5K −$3.75/SF
NOI
$38.5K $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%
$769,560
Cap Rate 7%
$549,686
Cap Rate 9%
$427,533
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 authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units with three-bedroom layouts, private patios, and contemporary interior finishes.
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: Quadplex totaling 4,400 square feet on 0.2711 acres; Four units, each with 3 bedrooms and 2 bathrooms; Under construction with 2026 year built
