New Quadplex with Smart LED
For Sale
$580,000
3201 S 6th Lane, McAllen, TX 78503
Four leased units in a newly constructed quadplex, each with an open-concept 3-bedroom and 2-full-bath layout.
Property Size4,754 SF
Price / SF$122
Days on Market13
Property Features for 3201 S 6th Lane
General Information
Standard status
Active
Size
4,754 SF
Property subtype
Residential Income
Occupancy
100%
Financials
Cap Rate
9%
Gross Income
$71,760
Average Monthly Rent
$1,495
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
Fox Real Estate Pros
(956) 445-6080
Listed By:
Mary Baki
(956) 445-6080
Source:
Exprealty
Added: Jul 21
Changed: Jul 31
Last Checked: Jul 31 at 2:53AM
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 Fox Real Estate Pros
Investment Insights
Based on property information with market context.
New construction quadplex built for streamlined, low-maintenance living, featuring four units with an open-concept floor plan. Each unit includes three bedrooms and two full bathrooms, with contemporary finishes, modern fixtures, and smart LED mirrors. The design emphasizes quality materials and energy-efficient construction.
All four units are currently leased, supporting immediate rental occupancy. The property is offered with a 9% cap rate.
Located in McAllen, convenient to major highways and everyday retail, dining, hospitals, and schools, the layout and finishes are positioned to appeal to a range of residential tenants looking for comfortable, easy living.
All four units are currently leased, supporting immediate rental occupancy. The property is offered with a 9% cap rate.
Located in McAllen, convenient to major highways and everyday retail, dining, hospitals, and schools, the layout and finishes are positioned to appeal to a range of residential tenants looking for comfortable, easy living.
Key Highlights
- Four leased units in the quadplex
- Each unit features three bedrooms and two full bathrooms
- Open‑concept floor plan in all units
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 | $65.6k | $13.80 |
| − Vacancy | −$4.2k | −$0.89 |
| EGI | $61.4k | $12.91 |
| − OpEx | −$18.4k | −$3.87 |
| NOI | $43.0k | $9.04 |
4,754 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$613.7K
$537.0K – $716.0K
NOI $42,957 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$564.0K
$493.5K – $658.0K
NOI $39,478 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,364 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
86
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 - Four leased units in a newly constructed quadplex, each with an open-concept 3-bedroom and 2-full-bath layout.
Where is this quadplex located?
The property is located at 3201 S 6th Lane McAllen, TX.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Four leased units in the quadplex; Each unit features three bedrooms and two full bathrooms; Open‑concept floor plan in all units
