4-Unit Quadplex with Open-Concept
For Sale
$600,000
3005 S K Center St, McAllen, TX 78503
Quadplex with four three-bedroom, three-bath units and open-concept layouts built in 2016.
Property Size5,502 SF
Price / SF$109.05
Days on Market99
Property Features for 3005 S K Center St
General Information
Standard status
Active
Size
5,502 SF
Property subtype
Multi-Family
Building Details
Year Built
2016
Listing Agency:
Keller Williams Realty RGV
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Source:
Aregtx
Added: Jul 29
Changed: Oct 26
Last Checked: Oct 7 at 3:09PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit quadplex offers an open-concept layout in each home, with three bedrooms and three bathrooms per unit. The property totals 5,502 SF and was built in 2016, providing a newer residential income asset with consistent unit configuration.
The property is located at 3005 S K Center St in McAllen, placing it near La Plaza Mall along with shopping and major conveniences. The proximity to retail and everyday services can support tenant appeal in a multi-family setting.
With four separate units, this quadplex is set up for buyers seeking a small, manageable multifamily investment where each unit maintains the same three-bedroom, three-bath open layout.
The property is located at 3005 S K Center St in McAllen, placing it near La Plaza Mall along with shopping and major conveniences. The proximity to retail and everyday services can support tenant appeal in a multi-family setting.
With four separate units, this quadplex is set up for buyers seeking a small, manageable multifamily investment where each unit maintains the same three-bedroom, three-bath open layout.
Key Highlights
- Four‑unit quadplex with open‑concept layouts
- Each unit features three bedrooms and three bathrooms
- 5,502 SF total building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,716
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,320
$994.3K
Cap Rate 7%
$710,229
$710.2K
Cap Rate 9%
$552,400
$552.4K
Market Conditions
NOI Build-Up for 5,502 SF
Gross rent
$75.9K $13.80/SF
− Vacancy
−$4.9K −$0.89/SF
EGI
$71.0K $12.91/SF
− OpEx
−$21.3K −$3.87/SF
NOI
$49.7K $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%
$994,320
Cap Rate 7%
$710,229
Cap Rate 9%
$552,400
Alternative Uses
Best Use
Multifamily LT 5
$710.2K
$621.5K – $828.6K
NOI $49,716 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$652.7K
$571.1K – $761.5K
NOI $45,689 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,582 @ 7.0% cap · market cap 17.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
204
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
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with four three-bedroom, three-bath units and open-concept layouts built in 2016.
Where is this quadplex located?
The property is located at 3005 S K Center St 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: Four‑unit quadplex with open‑concept layouts; Each unit features three bedrooms and three bathrooms; 5,502 SF total building area
