Modern McAllen Fourplex Investment Opportunity

3500 Frio Avenue, McAllen, TX 78504

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For Sale

$515,000

MULTI_FAMILY - McAllen, TX

Property size:

3,504 SF

Lot size:

0.22 Acres

Price / SF:

$146/SF

We can help!

Contact an agent

Jenny I. Avellaneda

For Sale

$515,000

MULTI_FAMILY - McAllen, TX

Property size:

3,504 SF

Lot size:

0.22 Acres

Price / SF:

$146/SF

Added:: Apr 30, 2026
Days on Market:: 61
Last Refresh:: Jun 29 at 6:06 am

Property Features for 3500 Frio Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Property condition: Under Construction
Parking: 8
Parking features: Garage
Appliances: Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Standard status: Active
APN: S644300000002900
Size: 3,504 SF
Lot size: 0.22 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 9395

Utilities

Heating system: Central
Cooling system: Central Air
Water source: Public

Building Details

Year built: 2025
Floors in Building: 1
Number of units: 4
Building materials: Stucco
Roof type: Composition

We can help!

Contact an agent

Jenny I. Avellaneda

Listing agent Jenny I. Avellaneda

Listing office Effective Real Estate 2212 Primrose Ave., McAllen, TX

Listing date Apr 30, 2026

MLS# 488487 Listing URL

Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Overview

This modern and elegant fourplex is located in a desirable McAllen neighborhood. Each unit features modern finishes, low-maintenance appeal, and strong rental potential. Each of the four units includes 2 bedrooms and 2 bathrooms. There are two covered parking spaces per unit. The units feature an open-concept layout with abundant natural light, tile flooring, contemporary lighting, and vaulted ceilings. The kitchens have sleek cabinetry, quartz countertops, and stainless steel appliances, including a refrigerator and stove/oven. Each unit also has an in-unit washer and dryer. The property includes a spacious backyard. The property is fully rented, and one unit is used as an Airbnb. The property size is 3504 square feet, situated on a 0.2194-acre lot.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$48.4k	$13.80
− Vacancy	−$3.1k	−$0.89
EGI	$45.2k	$12.91
− OpEx	−$13.6k	−$3.87
NOI	$31.7k	$9.04

3,504 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$452.3K

$395.8K – $527.7K (±1% cap)

NOI $31,662 @ 7.0% cap · market cap 6.15%

Second Best

Apartment 5plus

$415.7K

$363.7K – $485.0K (±1% cap)

NOI $29,098 @ 7.0% cap · market cap 5.65%

Theoretical Best

Office A

$951.5K

$832.6K – $1.11M (±1% cap)

NOI $66,604 @ 7.0% cap · market cap 12.93%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: McAllen
County: Hidalgo
State: Texas
Longitude: -98.241504
Latitude: 26.306889

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For sale
Quadplexes
TX
McAllen
78504
3500 Frio Avenue

What type of property is this?

Quadplex - Elegant fourplex in McAllen with modern finishes and strong rental potential.

Where is this quadplex located?

The property is located at 3500 Frio Avenue McAllen, TX.

What is the asking price?

The asking price for this property is $515,000.

3500 Frio Avenue, McAllen, TX 78504

MULTI_FAMILY - McAllen, TX

Property Features for 3500 Frio Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant Building with Bar

Retail Laundromat with Office Rentals

Move-In Ready Freestanding Office Building

Historic Turnkey Restaurant Building

McAllen Office Building For Sale

Single-Story Multi-Use Medical Facility

High-Traffic Commercial Investment Opportunity

Newly Built Fourplex with Modern Interiors

McAllen Mixed-Use Corner Property

Well-Established Restaurant For Sale

Downtown Retail Building with Separate Unit

Modern Fourplex with In-Unit Laundry

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