Fourplex Residential Income
3305 Frio Avenue McAllen, TX 78504
For Sale
Contact for pricing
Newer fourplex with two 3-bedroom and two 2-bedroom units, featuring tile flooring and granite countertops.
Property Size4,012 SF
Price / SF$129.61
Days on Market161
Property Features for 3305 Frio Avenue
General Information
- Standard status
- Active
- Size
- 4,012 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing Agency:
Global Realty
(956) 627-3662
Listed By:
Dean Chan
Source:
Crexi
Added: Feb 13
Changed: Jul 23
Last Checked: Jul 23 at 1:35PM
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
Investment Insights
Based on property information with market context.
This newer fourplex offers a practical unit mix of two 3-bedroom units and two 2-bedroom units. Interiors include tile flooring and granite countertops across the residences.
The property is located at 3305 Frio Avenue in McAllen, Texas 78504.
For an income-focused buyer, the layout provides four separate residential units within a fourplex configuration.
The property is located at 3305 Frio Avenue in McAllen, Texas 78504.
For an income-focused buyer, the layout provides four separate residential units within a fourplex configuration.
Key Highlights
- Built in 2022 newer fourplex in McAllen, TX
- Unit mix includes two 3‑bedroom units and two 2‑bedroom units
- Interiors feature tile flooring
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 | $55.4k | $13.80 |
| − Vacancy | −$3.6k | −$0.89 |
| EGI | $51.8k | $12.91 |
| − OpEx | −$15.5k | −$3.87 |
| NOI | $36.3k | $9.04 |
4,012 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Newer fourplex with two 3-bedroom and two 2-bedroom units, featuring tile flooring and granite countertops.
Where is this quadplex located?
The property is located at 3305 Frio Avenue 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: Built in 2022 newer fourplex in McAllen, TX; Unit mix includes two 3‑bedroom units and two 2‑bedroom units; Interiors feature tile flooring
