McAllen Fourplex Investment
2913 Harvey Drive McAllen, TX 78501
2913 Harvey Drive, McAllen, TX, 78501
$320,000
Pending
For Sale
$320,000
Pending
MULTI_FAMILY - McAllen, TX
Property Size3,276 SF
Lot Size0.19 Acres
Days on Market94
Property Features for 2913 Harvey Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Other, Garage
- Patio and Porch features
- Patio
- Appliances
- Electric Water Heater, Refrigerator, Stove/Range-Electric Smooth
- Standard status
- Pending
- APN
- L106000000001600
- Size
- 3,276 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7121
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
SANETI Realty Group
(956) 833-1850
2520a Buddy Owens Blvd, McAllen, TX
Listed by
Arcelia Garcia
(956) 292-4556
Added: Apr 16 Checked: Jul 18 at 8:06 pm
MLS# 500198
Listing URL
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fourplex is located in McAllen, Texas, offering convenient access to schools, shopping centers, medical offices, and major city amenities, and is situated minutes from Pecan Blvd and Nolana Ave. Each unit features 2 bedrooms and 1 bathroom with a functional layout and comfortable living space. The property is fully occupied, providing rental income. The property size is 3276 square feet and the lot size is 0.1852 acres.
Key Highlights
- Fully occupied four‑plex providing immediate and steady rental income.
- Prime location in McAllen, Texas, near Pecan Blvd. and Nolana Ave.
- Convenient access to schools, shopping centers, medical offices, and major city amenities.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.1k | $16.20 |
| − Vacancy | −$3.6k | −$1.10 |
| EGI | $49.5k | $15.10 |
| − OpEx | −$22.3k | −$6.79 |
| NOI | $27.2k | $8.30 |
3,276 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$422.9K
$370.0K – $493.4K
NOI $29,602 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$388.6K
$340.1K – $453.4K
NOI $27,204 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$889.6K
$778.4K – $1.04M
NOI $62,270 @ 7.0% cap · market cap 19.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex in McAllen, TX, near Pecan Blvd.
Where is this quadplex located?
The property is located at 2913 Harvey Drive McAllen, TX.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Fully occupied four‑plex providing immediate and steady rental income.; Prime location in McAllen, Texas, near Pecan Blvd. and Nolana Ave.; Convenient access to schools, shopping centers, medical offices, and major city amenities.
