Modern Duplex with Private
For Sale
$379,000
308 N 17th Street, McAllen, TX 78501
Both residences include garages, in-unit laundry, and complete kitchen appliances.
Property Size2,349 SF
Days on Market218
Property Features for 308 N 17th Street
General Information
Standard status
Active
Size
2,349 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Units
Multifamily Units
2
Parking per Unit
1
Amenities
in-unit washer & dryer
private backyard
Central Air
Central
Electric
Electric Water Heater
Dishwasher
Dryer
Microwave
Refrigerator
Stove/Range-Electric Smooth
Washer
Composition Shingle
Building Details
Building Size
2,349 SF
Year Built
2017
Buildings
1
Listing Agency:
Keller Williams Rio Grande Valley
(956) 342-0384
Listed By:
Angela Navarrete · License #0713156
(956) 342-0384
Source:
Kw
Added: Jan 25
Changed: Aug 30
Last Checked: Aug 30 at 7:56PM
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 Rio Grande Valley
Investment Insights
Based on property information with market context.
This duplex in McAllen includes two occupied residences with open-concept interiors, high ceilings, and strong natural light. Each unit offers granite countertops, contemporary fixtures, stained concrete flooring, a private backyard, and an attached one-car garage. Kitchens are equipped with stainless steel refrigerators, ranges, microwaves, and dishwashers, while in-unit washers and dryers are also included.
Central air, electric service, composition-shingle roofing, and electric water heaters support the property’s everyday operation. Unit B received new flooring in January 2026. Tenants cover all utilities, and owner financing is available.
Central air, electric service, composition-shingle roofing, and electric water heaters support the property’s everyday operation. Unit B received new flooring in January 2026. Tenants cover all utilities, and owner financing is available.
Key Highlights
- Two occupied duplex units, each with an attached one‑car garage
- Open‑concept interiors with high ceilings and abundant natural light
- Granite countertops, stained concrete floors, and contemporary fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,225
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,500
$424.5K
Cap Rate 7%
$303,214
$303.2K
Cap Rate 9%
$235,833
$235.8K
Market Conditions
NOI Build-Up for 2,349 SF
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.
Gross rent
$32.4K $13.80/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$30.3K $12.91/SF
− OpEx
−$9.1K −$3.87/SF
NOI
$21.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,500
Cap Rate 7%
$303,214
Cap Rate 9%
$235,833
Alternative Uses
Best Use
Multifamily LT 5
$303.2K
$265.3K – $353.8K
NOI $21,225 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$278.7K
$243.8K – $325.1K
NOI $19,506 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$637.9K
$558.1K – $744.2K
NOI $44,650 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,587
Businesses Nearby
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include garages, in-unit laundry, and complete kitchen appliances.
Where is this duplex located?
The property is located at 308 N 17th Street McAllen, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two occupied duplex units, each with an attached one‑car garage; Open‑concept interiors with high ceilings and abundant natural light; Granite countertops, stained concrete floors, and contemporary fixtures
