Duplex-Style Multifamily
For Sale
$899,900
3901 N Raul Longoria Road, San Juan, TX 78589
MULTI_FAMILY - San Juan, TX
Property Size3,264 SF
Lot Size0.91 Acres
Price / SF$275.70
Days on Market44
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
(956) 789-2466
Added: Jul 7
Changed: Jul 23
Last Checked: Aug 19 at 10:06AM
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 for-sale multifamily property consists of three duplex buildings, each featuring 2 one-bedroom, one-bath apartments. The offering provides approximately 3,264 square feet of building space and is situated on a 0.91-acre lot.
The property is located at 3901 N Raul Longoria Road in San Juan, Texas, on a busy road with visibility and accessibility. The frontage is noted as already zoned for commercial use, while the back portion is noted as zoned residential multifamily.
An owner indicates financing is available, with 10% down and a 6% APR. Offers are welcome, and the expansive lot may allow for parking, expansion, or future redevelopment, subject to zoning.
The property is located at 3901 N Raul Longoria Road in San Juan, Texas, on a busy road with visibility and accessibility. The frontage is noted as already zoned for commercial use, while the back portion is noted as zoned residential multifamily.
An owner indicates financing is available, with 10% down and a 6% APR. Offers are welcome, and the expansive lot may allow for parking, expansion, or future redevelopment, subject to zoning.
Key Highlights
- Owner financing available: 10% down with 6% APR
- 3 duplexes on a 0.91‑acre lot, totaling approximately 3,264 SF of building space
- Unit mix: each duplex has two 1BD/1BA apartments
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
$26,280
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
2.92%
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%
$525,600
$525.6K
Cap Rate 7%
$375,429
$375.4K
Cap Rate 9%
$292,000
$292.0K
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
$54.1K $16.56/SF
− Vacancy
−$6.3K −$1.92/SF
EGI
$47.8K $14.64/SF
− OpEx
−$21.5K −$6.59/SF
NOI
$26.3K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
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%
$525,600
Cap Rate 7%
$375,429
Cap Rate 9%
$292,000
Alternative Uses
Best Use
Apartment 5plus
$375.4K
$328.5K – $438.0K
NOI $26,280 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
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
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Three duplexes on a 0.91-acre lot, with front commercial zoning and back residential multifamily zoning.
Where is this apartment building 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: Owner financing available: 10% down with 6% APR; 3 duplexes on a 0.91‑acre lot, totaling approximately 3,264 SF of building space; Unit mix: each duplex has two 1BD/1BA apartments
