Four-Unit Multifamily
New
For Sale
$499,000
2709 S J Street, McAllen, TX 78503
Each residence includes in-unit laundry, kitchen appliances, tile flooring, and a private fenced backyard.
Property Size4,290 SF
Price / SF$116.32
Days on Market2
Property Features for 2709 S J Street
General Information
Standard status
Active
Size
4,290 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
4
Amenities
stove
refrigerator
washer
dryer
fenced backyard
Building Details
Year Built
2018
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 2:56PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
Built in 2018, this four-unit property contains two 2-bedroom, 2-bath residences and two 3-bedroom, 2-bath residences. Each unit is equipped with a stove, refrigerator, washer, and dryer, with tile flooring throughout and a small privately fenced backyard.
The property is in McAllen, minutes from main roads, shopping, and dining.
The property is in McAllen, minutes from main roads, shopping, and dining.
Key Highlights
- Four units: two 2‑bedroom, 2‑bath residences and two 3‑bedroom, 2‑bath residences
- Built in 2018
- Stove, refrigerator, washer, and dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,764
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,280
$775.3K
Cap Rate 7%
$553,771
$553.8K
Cap Rate 9%
$430,711
$430.7K
Market Conditions
NOI Build-Up for 4,290 SF
Gross rent
$59.2K $13.80/SF
− Vacancy
−$3.8K −$0.89/SF
EGI
$55.4K $12.91/SF
− OpEx
−$16.6K −$3.87/SF
NOI
$38.8K $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%
$775,280
Cap Rate 7%
$553,771
Cap Rate 9%
$430,711
Alternative Uses
Best Use
Multifamily LT 5
$553.8K
$484.6K – $646.1K
NOI $38,764 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$508.9K
$445.3K – $593.8K
NOI $35,625 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,544 @ 7.0% cap · market cap 16.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
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Business Placement
Demographics for 78503, TX
23,604
Population
8,090
Households
2.9
Avg Household Size
35
Median Age
25%
College-Educated
71%
High-School Grad
19.2 sq mi
ZIP Area
1,229
Density / Sq Mi
$48,765
Median Household Income
$27,514
Median Earnings
$1,087
Median Rent
$130,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes in-unit laundry, kitchen appliances, tile flooring, and a private fenced backyard.
Where is this quadplex located?
The property is located at 2709 S J Street McAllen, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four units: two 2‑bedroom, 2‑bath residences and two 3‑bedroom, 2‑bath residences; Built in 2018; Stove, refrigerator, washer, and dryer in each unit
