10-Unit Apartment
3820 N 9th Court, McAllen, TX 78501
For Sale
New
$775,000
The unit mix spans studios, one-bedroom apartments, and two-bedroom layouts, with electricity separately metered for each unit.
Property Size5,692 SF
Price / SF$136.16
Days on Market4
Property Features for 3820 N 9th Court
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Microwave
Walk-In Closet(s)
Balcony
Mature Trees
Sprinkler System
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Veale Properties
(956) 897-0070
Listed By:
Ty Saenz
(956) 655-1006
Source:
Dolcevitargv
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 9 at 5:54PM
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 Veale Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,692-square-foot apartment property was built in 1978 and contains 10 units: four studios, four one-bedroom/one-bath apartments, and two two-bedroom/1.5-bath apartments. Four units have received full renovations, and the others have been updated. Each unit has its own electric meter.
The property is at 3820 N 9th Court in McAllen, behind PNC Tower, with access to major employers, retail, dining, and entertainment. Many current residents have remained for more than five years.
The property is at 3820 N 9th Court in McAllen, behind PNC Tower, with access to major employers, retail, dining, and entertainment. Many current residents have remained for more than five years.
Key Highlights
- 10 apartments totaling 5,692 square feet
- Unit mix: 4 studios, 4 one‑bedroom/one‑bath units, and 2 two‑bedroom/1.5‑bath units
- Four units renovated; remaining units updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,267
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,340
$945.3K
Cap Rate 7%
$675,243
$675.2K
Cap Rate 9%
$525,189
$525.2K
Market Conditions
NOI Build-Up for 5,692 SF
Gross rent
$92.2K $16.20/SF
− Vacancy
−$6.3K −$1.10/SF
EGI
$85.9K $15.10/SF
− OpEx
−$38.7K −$6.79/SF
NOI
$47.3K $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%
$945,340
Cap Rate 7%
$675,243
Cap Rate 9%
$525,189
Alternative Uses
Best Use
Apartment 5plus
$675.2K
$590.8K – $787.8K
NOI $47,267 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,194 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
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
$149,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in McAllen, TX
Properties on Market for Apartment buildings in McAllen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix spans studios, one-bedroom apartments, and two-bedroom layouts, with electricity separately metered for each unit.
Where is this apartment building located?
The property is located at 3820 N 9th Court McAllen, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 10 apartments totaling 5,692 square feet; Unit mix: 4 studios, 4 one‑bedroom/one‑bath units, and 2 two‑bedroom/1.5‑bath units; Four units renovated; remaining units updated
