Fully Leased Multi-Unit Investment
3618 Gloria Avenue McAllen, TX 78503
3618 Gloria Avenue, McAllen, TX, 78503
$244,000
For Sale
$244,000
MULTI_FAMILY - McAllen, TX
Property Size2,414 SF
Lot Size0.21 Acres
Price / SF$101.08
Days on Market117
Property Features for 3618 Gloria Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Garage
- Appliances
- Electric Water Heater, No Conveying Appliances
- Standard status
- Active
- APN
- B030000029001400
- Size
- 2,414 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4185
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 4
Listing Agency
SANETI Realty Group
(956) 833-1850
2520a Buddy Owens Blvd, McAllen, TX
Listed by
Alberto Sanchez Vega
(956) 215-1125
Added: Mar 24 Checked: Jul 18 at 9:06 am
MLS# 474637
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.
Investment Insights
Based on property information with market context.
This multi-unit property presents an investment opportunity with multiple income-generating units. The property is fully leased and 100% occupied, providing immediate cash flow with stable tenants and a consistent rental history. The property contains 2414 square feet of space and is situated on a 0.2098-acre lot. This property is located in McAllen, Texas, in the 78503 postal code and Hidalgo County.
Key Highlights
- Fully leased multi‑unit property with 100% occupancy for immediate rental income
- Central air conditioning plus electric heating
- Parking includes a carport and a garage
Local 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 | $33.3k | $13.80 |
| − Vacancy | −$2.2k | −$0.89 |
| EGI | $31.2k | $12.91 |
| − OpEx | −$9.3k | −$3.87 |
| NOI | $21.8k | $9.04 |
2,414 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$311.6K
$272.7K – $363.6K
NOI $21,813 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$286.4K
$250.6K – $334.1K
NOI $20,046 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$655.5K
$573.6K – $764.8K
NOI $45,885 @ 7.0% cap · market cap 18.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turnkey investment: fully leased multi-unit property in a strong rental market.
Where is this quadplex located?
The property is located at 3618 Gloria Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $244,000.
What are key features of this property?
This property features: Fully leased multi‑unit property with 100% occupancy for immediate rental income; Central air conditioning plus electric heating; Parking includes a carport and a garage
