Four-Unit
3005 S K Center Street, McAllen, TX 78503
For Sale
$600,000
Residential Income, McAllen, TX
Property Size5,502 SF
Lot Size0.18 Acres
Price / SF$109.05
Days on Market209
Property Features for 3005 S K Center Street
General Information
Property type
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Parking
Parking features
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Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
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Standard status
APN
Size
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Taxes and HOA fees
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Tax Annual Amount
Utilities
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Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License TX #713189
(956) 599-8400
Added: Apr 15
Changed: Oct 8
Last Checked: Nov 9 at 12:06PM
MLS# 489007
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.
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Investment Insights
Based on property information with market context.
This quadplex contains 4 residential units, each configured with 3 bedrooms and 3 baths. The 5,502-square-foot property was built in 2016 and features open-concept layouts, stucco construction, tile roofing, central heating, and central air. Each unit is served by an electric water heater, with public water available to the property.
The property is located at 3005 S K Center Street in McAllen, TX 78503, near La Plaza Mall, shopping, and other major conveniences. The 0.1814-acre site has no designated parking features.
The property is located at 3005 S K Center Street in McAllen, TX 78503, near La Plaza Mall, shopping, and other major conveniences. The 0.1814-acre site has no designated parking features.
Key Highlights
- 4 units, each with 3 bedrooms and 3 baths
- 5,502‑square‑foot multifamily property on 0.1814 acres
- Built in 2016 with stucco construction and tile roof
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
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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
$130,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in McAllen, TX
Properties on Market for Quadplexes in McAllen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer three-bedroom, three-bath layouts with open-concept interiors in a 2016-built property.
Where is this quadplex located?
The property is located at 3005 S K Center Street 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 units, each with 3 bedrooms and 3 baths; 5,502‑square‑foot multifamily property on 0.1814 acres; Built in 2016 with stucco construction and tile roof
