Four-Unit
New
For Sale
$600,000
3004 L Street McAllen, McAllen, TX 78503
Residential units feature three-bedroom, three-bath layouts with open-concept interiors near La Plaza Mall and area shopping.
Property Size5,480 SF
Days on Market6
Property Features for 3004 L Street McAllen
General Information
Standard status
Active
Size
5,480 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$15,042
Building Details
Building Size
5,480 SF
Year Built
2014
Tenancy
Multi
Listing Agency:
Keller Williams Realty RGV
(956) 566-8377
Listed By:
Jaime Lee Gonzalez
Source:
Primeluxuryrealestate
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 3:43PM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
Located at 3004 L Street in McAllen, Texas, this quadplex includes 4 residential units, each offering 3 bedrooms and 3 baths. The units feature generous open-concept layouts suited to residential occupancy and consistent four-unit configuration.
Built in 2014, the property is near La Plaza Mall, shopping, and other major conveniences. Its location at 3004 L Street, McAllen, TX 78503, places the four-unit residential asset within an established retail and service context.
Built in 2014, the property is near La Plaza Mall, shopping, and other major conveniences. Its location at 3004 L Street, McAllen, TX 78503, places the four-unit residential asset within an established retail and service context.
Key Highlights
- 4 residential units, each with 3 bedrooms and 3 baths
- Open‑concept layouts in each unit
- Built in 2014
Financial Insights For Multifamily LT 5
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 | $75.6k | $13.80 |
| − Vacancy | −$4.9k | −$0.89 |
| EGI | $70.7k | $12.91 |
| − OpEx | −$21.2k | −$3.87 |
| NOI | $49.5k | $9.04 |
5,480 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$707.4K
$619.0K – $825.3K
NOI $49,517 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$650.1K
$568.8K – $758.5K
NOI $45,507 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,164 @ 7.0% cap · market cap 17.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential units feature three-bedroom, three-bath layouts with open-concept interiors near La Plaza Mall and area shopping.
Where is this quadplex located?
The property is located at 3004 L Street McAllen McAllen, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4 residential units, each with 3 bedrooms and 3 baths; Open‑concept layouts in each unit; Built in 2014
