Triplex with Covered
For Sale
$533,000
205 S Cynthia Street McAllen, McAllen, TX 78501
Three-unit property with varied layouts and private outdoor areas.
Property Size3,059 SF
Days on Market53
Property Features for 205 S Cynthia Street McAllen
General Information
Standard status
Active
Size
3,059 SF
Property subtype
Triplex
Units
Unit Mix
2 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,528
Amenities
private yard
Building Details
Building Size
3,059 SF
Year Built
2022
Listing Agency:
Encore Fine Properties
Listed By:
Ricardo D. Martinez · License #801068592
(956) 686-1571
Source:
Primeluxuryrealestate
Added: Sep 13
Changed: Nov 4
Last Checked: Nov 3 at 12:06PM
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 Encore Fine Properties
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Investment Insights
Based on property information with market context.
Built in 2022, this triplex contains three separate residential units with distinct layouts and private yards. Two units each include three bedrooms, two full bathrooms, a covered two-car garage, and dedicated outdoor space. The third unit offers one bedroom, one bathroom, a private yard, and a covered one-car garage.
The property is located on S Cynthia Street in McAllen, near medical facilities and hospitals, restaurants, and commercial areas. Its combination of multi-unit configuration, individual yards, and covered parking supports flexible residential occupancy across the property.
The property is located on S Cynthia Street in McAllen, near medical facilities and hospitals, restaurants, and commercial areas. Its combination of multi-unit configuration, individual yards, and covered parking supports flexible residential occupancy across the property.
Key Highlights
- Three‑unit triplex built in 2022
- Two units with 3 bedrooms, 2 full bathrooms, covered 2‑car garages, and private yards
- Third unit includes 1 bedroom, 1 bathroom, a covered 1‑car garage, and a private yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,641
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,820
$552.8K
Cap Rate 7%
$394,871
$394.9K
Cap Rate 9%
$307,122
$307.1K
Market Conditions
NOI Build-Up for 3,059 SF
Gross rent
$42.2K $13.80/SF
− Vacancy
−$2.7K −$0.89/SF
EGI
$39.5K $12.91/SF
− OpEx
−$11.8K −$3.87/SF
NOI
$27.6K $9.04/SF
Area
McAllen, TX
Vacancy
6.46%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,820
Cap Rate 7%
$394,871
Cap Rate 9%
$307,122
Alternative Uses
Best Use
Multifamily LT 5
$394.9K
$345.5K – $460.7K
NOI $27,641 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$362.9K
$317.5K – $423.4K
NOI $25,402 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$830.6K
$726.8K – $969.1K
NOI $58,145 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
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Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with varied layouts and private outdoor areas.
Where is this triplex located?
The property is located at 205 S Cynthia Street McAllen McAllen, TX.
What is the asking price?
The asking price for this property is $533,000.
What are key features of this property?
This property features: Three‑unit triplex built in 2022; Two units with 3 bedrooms, 2 full bathrooms, covered 2‑car garages, and private yards; Third unit includes 1 bedroom, 1 bathroom, a covered 1‑car garage, and a private yard
