Four-Unit Quadplex with
For Sale
$375,000
308 W Amy Drive, San Juan, TX 78589
Fully occupied multifamily property with two-bedroom residences, central HVAC, appliances, laundry hookups, and Rio Grande Valley access.
Property Size3,250 SF
Days on Market30
Property Features for 308 W Amy Drive
General Information
Standard status
Active
Size
3,250 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Taxes and HOA fees
Annual Taxes
$8,777
Building Details
Building Size
3,250 SF
Year Built
2014
Buildings
2
Stories
1
Units
4
Listing Agency:
The Firm Real Estate Co. LLC
Listed By:
Patricia Baez
(956) 588-6969
Source:
Buyingandsellingmcallen
Added: Aug 5
Changed: Sep 2
Last Checked: Aug 31 at 5:09PM
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 The Firm Real Estate Co. LLC
Investment Insights
Based on property information with market context.
Built in 2014, this quadplex contains four occupied two-bedroom, two-bathroom residences, each measuring approximately 813 square feet. Interior features include tile flooring, central electric HVAC, washer and dryer connections, a refrigerator, microwave, and electric range. Eight covered carport spaces provide dedicated parking for the property.
The property is located at 308 W Amy Drive in San Juan, Texas, near schools, shopping, dining, and major roadways serving the Rio Grande Valley. With all four units currently leased, the building offers an established multifamily configuration with consistent occupancy across the residences.
The property is located at 308 W Amy Drive in San Juan, Texas, near schools, shopping, dining, and major roadways serving the Rio Grande Valley. With all four units currently leased, the building offers an established multifamily configuration with consistent occupancy across the residences.
Key Highlights
- Four 2‑bedroom, 2‑bathroom units, each approximately 813 square feet
- All four units currently occupied
- Built in 2014
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
$28,421
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
7.58%
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%
$568,420
$568.4K
Cap Rate 7%
$406,014
$406.0K
Cap Rate 9%
$315,789
$315.8K
Market Conditions
NOI Build-Up for 3,250 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
$45.6K $14.04/SF
− Vacancy
−$5.0K −$1.55/SF
EGI
$40.6K $12.49/SF
− OpEx
−$12.2K −$3.75/SF
NOI
$28.4K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /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%
$568,420
Cap Rate 7%
$406,014
Cap Rate 9%
$315,789
Alternative Uses
Best Use
Multifamily LT 5
$406.0K
$355.3K – $473.7K
NOI $28,421 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$373.8K
$327.1K – $436.1K
NOI $26,167 @ 7.0% cap · market cap 6.98%
Theoretical Best
Hotel Hospitality
$2.45M
$2.14M – $2.86M
NOI $171,356 @ 7.0% cap · market cap 45.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
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 - Fully occupied multifamily property with two-bedroom residences, central HVAC, appliances, laundry hookups, and Rio Grande Valley access.
Where is this quadplex located?
The property is located at 308 W Amy Drive San Juan, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bathroom units, each approximately 813 square feet; All four units currently occupied; Built in 2014
