4-Unit Residential
New
For Sale
$410,000
300 S Ridge Lane, San Juan, TX 78589
Four residences each have two bedrooms and two bathrooms, with individual electric meters and a shared water meter.
Property Size4,480 SF
Price / SF$91.52
Days on Market6
Property Features for 300 S Ridge Lane
General Information
Standard status
Active
Size
4,480 SF
Property subtype
Multi Family Home
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$15,695
Amenities
Ceiling Fan(s)
Decorative/High Ceilings
Dryer
Microwave
Split Bedrooms
Walk-In Closet(s)
Washer
Building Details
Building Size
4,480 SF
Year Built
2020
Buildings
2
Stories
1
Units
4
Listing Agency:
RE/MAX elite
(956) 583-2100
Listed By:
Tania J. Salinas · License #801068236
(956) 223-3216
Source:
Gdvrealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 2:02PM
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 RE/MAX elite
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Investment Insights
Based on property information with market context.
Built in 2020, this four-unit residential property has a consistent layout across all residences: two bedrooms and two bathrooms per unit. The building is served by one water meter, while each unit has its own electric meter.
The property is near Nolana Loop and Raul Longoria Road in San Juan, Texas.
The property is near Nolana Loop and Raul Longoria Road in San Juan, Texas.
Key Highlights
- Four units, each configured with 2 bedrooms and 2 bathrooms
- Built in 2020
- One water meter and four individual electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,071
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,420
$721.4K
Cap Rate 7%
$515,300
$515.3K
Cap Rate 9%
$400,789
$400.8K
Market Conditions
NOI Build-Up for 4,480 SF
Gross rent
$74.2K $16.56/SF
− Vacancy
−$8.6K −$1.92/SF
EGI
$65.6K $14.64/SF
− OpEx
−$29.5K −$6.59/SF
NOI
$36.1K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,420
Cap Rate 7%
$515,300
Cap Rate 9%
$400,789
Alternative Uses
Best Use
Multifamily LT 5
$559.7K
$489.7K – $653.0K
NOI $39,177 @ 7.0% cap · market cap 9.56%
Second Best
Apartment 5plus
$515.3K
$450.9K – $601.2K
NOI $36,071 @ 7.0% cap · market cap 8.80%
Theoretical Best
Hotel Hospitality
$3.37M
$2.95M – $3.94M
NOI $236,208 @ 7.0% cap · market cap 57.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
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 - Four residences each have two bedrooms and two bathrooms, with individual electric meters and a shared water meter.
Where is this quadplex located?
The property is located at 300 S Ridge Lane San Juan, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Four units, each configured with 2 bedrooms and 2 bathrooms; Built in 2020; One water meter and four individual electric meters
