Three-Unit Triplex with Diverse
For Sale
$360,000
2513 W Hackberry Avenue McAllen, McAllen, TX 78501
Built in 2015, the property combines one larger residence with two additional two-bedroom units.
Property Size2,984 SF
Days on Market11
Property Features for 2513 W Hackberry Avenue McAllen
General Information
Standard status
Active
Size
2,984 SF
Property subtype
Triplex
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,889
Building Details
Building Size
2,984 SF
Year Built
2015
Buildings
1
Listing Agency:
The International Real Estate Company
Listed By:
Monica J. Acevedo
(877) 930-0428
Source:
Primeluxuryrealestate
Added: Sep 9
Changed: Sep 14
Last Checked: Sep 18 at 10:44AM
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 The International Real Estate Company
Investment Insights
Based on property information with market context.
This triplex contains three residential units with a defined mix: one residence offers three bedrooms and two baths, while the other two each include two bedrooms and two baths. Refrigerators and stoves are included, providing established appliance packages across the property.
Constructed in 2015, the building places three separate residences under one roof and supports multiple rental arrangements. The unit configuration also accommodates an owner-occupant who wants additional residences on the property, as well as an investor seeking a multi-unit asset in McAllen.
Constructed in 2015, the building places three separate residences under one roof and supports multiple rental arrangements. The unit configuration also accommodates an owner-occupant who wants additional residences on the property, as well as an investor seeking a multi-unit asset in McAllen.
Key Highlights
- Three‑unit triplex with one 3‑bedroom, 2‑bath residence and two 2‑bedroom, 2‑bath residences
- 2015 construction
- Refrigerators and stoves included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,963
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$539,260
$539.3K
Cap Rate 7%
$385,186
$385.2K
Cap Rate 9%
$299,589
$299.6K
Market Conditions
NOI Build-Up for 2,984 SF
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.
Gross rent
$41.2K $13.80/SF
− Vacancy
−$2.7K −$0.89/SF
EGI
$38.5K $12.91/SF
− OpEx
−$11.6K −$3.87/SF
NOI
$27.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$539,260
Cap Rate 7%
$385,186
Cap Rate 9%
$299,589
Alternative Uses
Best Use
Multifamily LT 5
$385.2K
$337.0K – $449.4K
NOI $26,963 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$354.0K
$309.7K – $413.0K
NOI $24,779 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$810.3K
$709.0K – $945.3K
NOI $56,720 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Built in 2015, the property combines one larger residence with two additional two-bedroom units.
Where is this triplex located?
The property is located at 2513 W Hackberry Avenue McAllen McAllen, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Three‑unit triplex with one 3‑bedroom, 2‑bath residence and two 2‑bedroom, 2‑bath residences; 2015 construction; Refrigerators and stoves included
