12-Unit Townhouse Apartment
For Sale
$2,400,000
3900 W Daffodil Ave, McAllen, TX 78501
A shared, enclosed setting includes two buildings, common parking, and private rear porches for each residence.
Property Size20,244 SF
Lot Size1.35 Acres
Price / SF$118.55
Days on Market31
Property Features for 3900 W Daffodil Ave
General Information
Standard status
Active
Size
20,244 SF
Lot size
1.35 Acres
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$48,271
Amenities
enclosed community
Building Details
Buildings
2
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Chia Chiang · License #801069005
(956) 534-8771
Source:
Exprealty
Added: Sep 27
Changed: Oct 25
Last Checked: Oct 26 at 4:53PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This 12-residence apartment property consists of townhouses arranged in two buildings within an enclosed 1.35-acre community. The floor plans are consistent across the homes, with four units featuring second-floor balconies. Each residence has a rear porch and a one-car garage; shared parking is also provided between the buildings. Living areas measure 1,687 SF, and the garage is 300 SF.
Bedrooms and two full bathrooms are upstairs, along with a primary bedroom, walk-in closet, and laminated wood flooring. The first floor contains the living and dining areas, kitchen, half bath, and entry foyer, with tile flooring. Kitchens have granite countertops and stainless-steel appliances, including a refrigerator, stove, dishwasher, and microwave. Washer and dryer connections and a water heater are located in the garage. The property is near a convention center, HWY 2, restaurants, shopping centers, and grocery stores.
Bedrooms and two full bathrooms are upstairs, along with a primary bedroom, walk-in closet, and laminated wood flooring. The first floor contains the living and dining areas, kitchen, half bath, and entry foyer, with tile flooring. Kitchens have granite countertops and stainless-steel appliances, including a refrigerator, stove, dishwasher, and microwave. Washer and dryer connections and a water heater are located in the garage. The property is near a convention center, HWY 2, restaurants, shopping centers, and grocery stores.
Key Highlights
- 12 townhouse residences across two buildings on 1.35 acres
- Four townhouses have second‑floor balconies; all have rear porches
- 1,687 SF of living area and a 300 SF one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,109
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,362,180
$3.4M
Cap Rate 7%
$2,401,557
$2.4M
Cap Rate 9%
$1,867,878
$1.9M
Market Conditions
NOI Build-Up for 20,244 SF
Gross rent
$328.0K $16.20/SF
− Vacancy
−$22.3K −$1.10/SF
EGI
$305.7K $15.10/SF
− OpEx
−$137.5K −$6.79/SF
NOI
$168.1K $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%
$3,362,180
Cap Rate 7%
$2,401,557
Cap Rate 9%
$1,867,878
Alternative Uses
Best Use
Apartment 5plus
$2.40M
$2.10M – $2.80M
NOI $168,109 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.50M
$4.81M – $6.41M
NOI $384,798 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
239
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A shared, enclosed setting includes two buildings, common parking, and private rear porches for each residence.
Where is this apartment building located?
The property is located at 3900 W Daffodil Ave McAllen, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 12 townhouse residences across two buildings on 1.35 acres; Four townhouses have second‑floor balconies; all have rear porches; 1,687 SF of living area and a 300 SF one‑car garage
