Fourplex with Three-Bedroom
3401 Indian Creek Avenue, McAllen, TX 78504
For Sale
New
$520,000
New construction includes installed appliances and fenced areas.
Property Size4,004 SF
Price / SF$129.87
Days on Market3
Property Features for 3401 Indian Creek Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Dryer
Microwave
Washer
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
WINNERS CIRCLE
(956) 250-7453
Listed By:
Avinaash Nash Buxani · License TX #0712106
(956) 949-9337
Source:
Justrealty
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 3:50PM
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 WINNERS CIRCLE
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Investment Insights
Based on property information with market context.
This 2025-built fourplex contains 4,004 square feet and is configured with three-bedroom units. Appliances are installed, and the property includes fencing. Construction had begun, with completion anticipated four months from the time the information was provided.
The property is at 3401 Indian Creek Avenue in McAllen, Texas, within the 78504 ZIP code.
The property is at 3401 Indian Creek Avenue in McAllen, Texas, within the 78504 ZIP code.
Key Highlights
- Fourplex with all three‑bedroom units
- 4,004 square feet
- Year built: 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,180
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,600
$723.6K
Cap Rate 7%
$516,857
$516.9K
Cap Rate 9%
$402,000
$402.0K
Market Conditions
NOI Build-Up for 4,004 SF
Gross rent
$55.3K $13.80/SF
− Vacancy
−$3.6K −$0.89/SF
EGI
$51.7K $12.91/SF
− OpEx
−$15.5K −$3.87/SF
NOI
$36.2K $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 Rate 5%
$723,600
Cap Rate 7%
$516,857
Cap Rate 9%
$402,000
Alternative Uses
Best Use
Multifamily LT 5
$516.9K
$452.3K – $603.0K
NOI $36,180 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$475.0K
$415.6K – $554.2K
NOI $33,250 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.09M
$951.4K – $1.27M
NOI $76,108 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
66
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
$203,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in McAllen, TX
Properties on Market for Quadplexes in McAllen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - New construction includes installed appliances and fenced areas.
Where is this quadplex located?
The property is located at 3401 Indian Creek 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: Fourplex with all three‑bedroom units; 4,004 square feet; Year built: 2025
