Six-Unit Duplex
For Sale
$899,900
3901 N Raul Longoria Road, San Juan, TX 78589
Residential Income, San Juan, TX
Property Size3,264 SF
Lot Size0.91 Acres
Price / SF$275.70
Days on Market85
Property Features for 3901 N Raul Longoria Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Exterior features
Mature Trees
Appliances
Electric Water Heater, Water Heater (Other Location), Electric Cooktop, Refrigerator
Subdivision
John Closner
Lot features
Irregular Lot, Mature Trees, Sidewalks
Elementary school
Reed & Mock
Middle school
Audie Murphy
High school
PSJA Memorial H.S.
Elementary school district
PSJA ISD
Middle school district
PSJA ISD
High school district
PSJA ISD
Directions
Coming from McAllen, TX (Expressway 83) Take exit 146B to merge onto IH-69C North toward Edinburg, US-281 North Take exit 1E toward FM-3461, Nolana Loop Turn right onto E Nolana Loop Turn left onto N Raul Longoria Rd. About 600 feet Turn right onto 3901 N Raul Longoria Rd.
Standard status
Active
APN
J570000008001003
Size
3,264 SF
Lot size
0.91 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11172
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
6
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Lizeth Solar · License #801071563
(956) 789-2466
Added: Jul 7
Changed: Sep 4
Last Checked: Sep 29 at 1:06AM
MLS# 491298
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 1986 brick multifamily property comprises three duplex buildings with six total apartments. Each apartment contains one bedroom and one bathroom, with approximately 3,264 square feet of building area on a 0.91-acre parcel. Central heating and central air conditioning serve the property, while electric cooktops, refrigerators, and electric water heaters are included. Public water is available, and the roof is composition shingle.
The property fronts N Raul Longoria Road in San Juan, with the front portion designated for commercial use and the rear portion designated for residential multifamily use. Mature trees contribute to the site, and the parcel provides substantial land area alongside the existing improvements. The property is located in Hidalgo County near McAllen, shopping centers, schools, and major roadways.
The property fronts N Raul Longoria Road in San Juan, with the front portion designated for commercial use and the rear portion designated for residential multifamily use. Mature trees contribute to the site, and the parcel provides substantial land area alongside the existing improvements. The property is located in Hidalgo County near McAllen, shopping centers, schools, and major roadways.
Key Highlights
- Six apartments across three duplex buildings
- Approximately 3,264 square feet of building area on 0.91 acres
- Each apartment has 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,544
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,880
$570.9K
Cap Rate 7%
$407,771
$407.8K
Cap Rate 9%
$317,156
$317.2K
Market Conditions
NOI Build-Up for 3,264 SF
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.
Gross rent
$45.8K $14.04/SF
− Vacancy
−$5.1K −$1.55/SF
EGI
$40.8K $12.49/SF
− OpEx
−$12.2K −$3.75/SF
NOI
$28.5K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,880
Cap Rate 7%
$407,771
Cap Rate 9%
$317,156
Alternative Uses
Best Use
Multifamily LT 5
$407.8K
$356.8K – $475.7K
NOI $28,544 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$375.4K
$328.5K – $438.0K
NOI $26,280 @ 7.0% cap · market cap 2.92%
Theoretical Best
Hotel Hospitality
$2.46M
$2.15M – $2.87M
NOI $172,094 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick multifamily property with central HVAC, mature trees, and commercial/residential multifamily zoning.
Where is this duplex located?
The property is located at 3901 N Raul Longoria Road San Juan, TX.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Six apartments across three duplex buildings; Approximately 3,264 square feet of building area on 0.91 acres; Each apartment has 1 bedroom and 1 bathroom
