New Construction
For Sale
$550,000
1905 Monica St, San Juan, TX 78589
Four matching residences feature three-bedroom layouts, two baths per unit, finished interiors, and current occupancy.
Property Size4,400 SF
Price / SF$125
Days on Market90
Property Features for 1905 Monica St
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,886
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Source:
Exprealty
Added: Jul 17
Changed: Oct 7
Last Checked: Oct 12 at 10:10PM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This 4,400-square-foot quadplex contains four matching residences, each arranged with three bedrooms and two bathrooms. The property is new construction and includes finished interiors with consistent layouts across the units. All four residences are currently rented.
The property is located at 1905 Monica St in San Juan, near FM 495 and Veterans Rd. Expressway 83 and HWY 281 provide nearby regional access, while HEB, restaurants, and shopping centers are minutes away.
The property is located at 1905 Monica St in San Juan, near FM 495 and Veterans Rd. Expressway 83 and HWY 281 provide nearby regional access, while HEB, restaurants, and shopping centers are minutes away.
Key Highlights
- 4,400 SF quadplex with four residential units
- Each unit includes 3 Bed and 2 Baths
- New construction with finished interiors
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
194
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four matching residences feature three-bedroom layouts, two baths per unit, finished interiors, and current occupancy.
Where is this quadplex located?
The property is located at 1905 Monica St 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: 4,400 SF quadplex with four residential units; Each unit includes 3 Bed and 2 Baths; New construction with finished interiors
