Four-Unit Courtyard
2909 Whitewing Avenue, McAllen, TX 78501
For Sale
New
$328,000
Four residences are arranged around a shared courtyard, with separate parking provided for each.
Property Size3,536 SF
Price / SF$92.76
Days on Market3
Property Features for 2909 Whitewing Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Asking Price
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central courtyard
Ceiling Fan(s)
Walk-In Closet(s)
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
TNT Real Estate
(956) 322-3020
Listed By:
Abraham Moreno
(956) 638-5906
Source:
Justrealty
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 4:06PM
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 TNT Real Estate
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Investment Insights
Based on property information with market context.
This 3,536-square-foot quadplex contains four units and was built in 1995. The property includes individual parking for each residence and a central courtyard shared by the units.
The property is near South Texas College’s Pecan Campus, Pecan Boulevard, and North 23rd Street. Shopping and dining are also nearby.
The property is near South Texas College’s Pecan Campus, Pecan Boulevard, and North 23rd Street. Shopping and dining are also nearby.
Key Highlights
- Four‑unit multifamily property
- 3,536 square feet; built in 1995
- Individual parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,363
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,260
$587.3K
Cap Rate 7%
$419,471
$419.5K
Cap Rate 9%
$326,256
$326.3K
Market Conditions
NOI Build-Up for 3,536 SF
Gross rent
$57.3K $16.20/SF
− Vacancy
−$3.9K −$1.10/SF
EGI
$53.4K $15.10/SF
− OpEx
−$24.0K −$6.79/SF
NOI
$29.4K $8.30/SF
Area
McAllen, TX
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,260
Cap Rate 7%
$419,471
Cap Rate 9%
$326,256
Alternative Uses
Best Use
Multifamily LT 5
$456.4K
$399.4K – $532.5K
NOI $31,951 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$419.5K
$367.0K – $489.4K
NOI $29,363 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$960.2K
$840.2K – $1.12M
NOI $67,212 @ 7.0% cap · market cap 20.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
499
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
$149,000
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in McAllen, TX
Properties on Market for Quadplexes in McAllen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences are arranged around a shared courtyard, with separate parking provided for each.
Where is this quadplex located?
The property is located at 2909 Whitewing Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $328,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 3,536 square feet; built in 1995; Individual parking for each unit
