2022 Fourplex with Granite
For Sale
$520,000
3305 Frio Ave, McAllen, TX 78504
Four-unit residential property with a two-and-two bedroom mix and durable interior finishes.
Property Size4,012 SF
Price / SF$129.61
Days on Market49
Property Features for 3305 Frio Ave
General Information
Standard status
Active
Size
4,012 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR, 2 x 2BR
Multifamily Units
4
Building Details
Year Built
2022
Listing Agency:
Global Realty
Listed By:
Dean Chan
(956) 627-3662
Source:
Aregtx
Added: Sep 7
Changed: Oct 10
Last Checked: Oct 7 at 4:58PM
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 Global Realty
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Investment Insights
Based on property information with market context.
Built in 2022, this fourplex contains 4,012 square feet across four residential units. The layout includes two 3-bedroom units and two 2-bedroom units, providing a balanced mix within the property. Interior finishes include tile flooring and granite countertops throughout the units.
The property is located at 3305 Frio Ave in McAllen, Texas, within ZIP code 78504.
The property is located at 3305 Frio Ave in McAllen, Texas, within ZIP code 78504.
Key Highlights
- Fourplex completed in 2022
- 4,012 square feet
- Unit mix includes two 3‑bedroom and two 2‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,252
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,040
$725.0K
Cap Rate 7%
$517,886
$517.9K
Cap Rate 9%
$402,800
$402.8K
Market Conditions
NOI Build-Up for 4,012 SF
Gross rent
$55.4K $13.80/SF
− Vacancy
−$3.6K −$0.89/SF
EGI
$51.8K $12.91/SF
− OpEx
−$15.5K −$3.87/SF
NOI
$36.3K $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%
$725,040
Cap Rate 7%
$517,886
Cap Rate 9%
$402,800
Alternative Uses
Best Use
Multifamily LT 5
$517.9K
$453.2K – $604.2K
NOI $36,252 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$475.9K
$416.5K – $555.3K
NOI $33,316 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.09M
$953.3K – $1.27M
NOI $76,260 @ 7.0% cap · market cap 14.67%
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
64
Businesses Nearby
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Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with a two-and-two bedroom mix and durable interior finishes.
Where is this quadplex located?
The property is located at 3305 Frio Ave McAllen, TX.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Fourplex completed in 2022; 4,012 square feet; Unit mix includes two 3‑bedroom and two 2‑bedroom units
