Four-Unit
New
For Sale
$345,000
2717 N 31st Street N McAllen, McAllen, TX 78501
All four residences are leased, with two-bedroom, one-bathroom layouts throughout.
Property Size3,348 SF
Days on Market7
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Property Features for 2717 N 31st Street N McAllen
General Information
Standard status
Active
Size
3,348 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,834
Building Details
Building Size
3,348 SF
Year Built
1994
Listing Agency:
Stellar Equity Real Estate LLC
Listed By:
Monika Regalado · License #801072451
Source:
Primeluxuryrealestate
Added: Oct 9
Changed: Oct 12
Last Checked: Oct 15 at 7:03AM
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 Stellar Equity Real Estate LLC
Investment Insights
Based on property information with market context.
Completed in 1994, this 3,348-square-foot quadplex contains four residences, each with two bedrooms and one bathroom. All four units are currently leased.
Shopping, dining, schools, and major roadways are located nearby.
Shopping, dining, schools, and major roadways are located nearby.
Key Highlights
- Four units, all currently leased
- Each residence has 2 bedrooms and 1 bathroom
- 3,348 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,252
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,040
$605.0K
Cap Rate 7%
$432,171
$432.2K
Cap Rate 9%
$336,133
$336.1K
Market Conditions
NOI Build-Up for 3,348 SF
Gross rent
$46.2K $13.80/SF
− Vacancy
−$3.0K −$0.89/SF
EGI
$43.2K $12.91/SF
− OpEx
−$13.0K −$3.87/SF
NOI
$30.3K $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%
$605,040
Cap Rate 7%
$432,171
Cap Rate 9%
$336,133
Alternative Uses
Best Use
Multifamily LT 5
$432.2K
$378.2K – $504.2K
NOI $30,252 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$397.2K
$347.5K – $463.4K
NOI $27,802 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$909.1K
$795.5K – $1.06M
NOI $63,639 @ 7.0% cap · market cap 18.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
510
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are leased, with two-bedroom, one-bathroom layouts throughout.
Where is this quadplex located?
The property is located at 2717 N 31st Street N McAllen McAllen, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Four units, all currently leased; Each residence has 2 bedrooms and 1 bathroom; 3,348 square feet
