McAllen 5-Plex in Great
For Sale
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3813 N 7th Court, McAllen, TX 78501
Well-located 5-unit multifamily property in McAllen, Texas.
Property Size5,388 SF
Price / SF$98.27
Days on Market881
Property Features for 3813 N 7th Court
General Information
Standard status
Active
Size
5,388 SF
Total Parking Spaces
5
Property subtype
Multifamily
Building Details
Year Built
1995
Buildings
1
Units
5
Listing Agency:
Vortex Realty
Listed By:
George Thatcher
(956) 451-0139
Source:
Crexi
Added: May 25, 2024
Changed: Oct 3
Last Checked: Oct 20 at 6:03PM
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 Vortex Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 5-plex located in McAllen, Texas. The property contains 5388 square feet and is positioned in a desirable location. The property is intended for multifamily residential use.
Key Highlights
- 5‑Plex: Offers potential for rental income.
- Great Location: Suggests a desirable neighborhood with convenient access.
- Built in 1995: Indicates relatively modern construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,743
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,860
$894.9K
Cap Rate 7%
$639,186
$639.2K
Cap Rate 9%
$497,144
$497.1K
Market Conditions
NOI Build-Up for 5,388 SF
Gross rent
$87.3K $16.20/SF
− Vacancy
−$5.9K −$1.10/SF
EGI
$81.4K $15.10/SF
− OpEx
−$36.6K −$6.79/SF
NOI
$44.7K $8.30/SF
Area
McAllen, TX
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,860
Cap Rate 7%
$639,186
Cap Rate 9%
$497,144
Alternative Uses
Best Use
Apartment 5plus
$639.2K
$559.3K – $745.7K
NOI $44,743 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,415 @ 7.0% cap · market cap 19.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,403
Businesses Nearby
Explore this area
Business Placement
Demographics for 78501, TX
60,817
Population
24,807
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
77%
High-School Grad
15.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$49,451
Median Household Income
$29,092
Median Earnings
$943
Median Rent
$149,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-located 5-unit multifamily property in McAllen, Texas.
Where is this apartment building located?
The property is located at 3813 N 7th Court McAllen, TX.
What is the asking price?
The asking price for this property is $529,500.
What are key features of this property?
This property features: 5‑Plex: Offers potential for rental income.; Great Location: Suggests a desirable neighborhood with convenient access.; Built in 1995: Indicates relatively modern construction.
