4-Unit Quadplex with Open-Concept
New
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 Market5
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
(956) 566-8377
Listed By:
Jaime Lee Gonzalez
Source:
Aregtx
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 1 at 8:53AM
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.
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 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 | $75.9k | $13.80 |
| − Vacancy | −$4.9k | −$0.89 |
| EGI | $71.0k | $12.91 |
| − OpEx | −$21.3k | −$3.87 |
| NOI | $49.7k | $9.04 |
5,502 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
72
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 - 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
