San Juan Fourplex Investment
405 Rafael Drive San Juan, TX 78589
For Sale
$509,000
MULTI_FAMILY - San Juan, TX
Property Size4,456 SF
Lot Size0.24 Acres
Price / SF$114.23
Days on Market228
Property Features for 405 Rafael Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Other
- Patio and Porch features
- Patio
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Dryer, Microwave, Stove/Range-Electric Coil, Washer
- Standard status
- Active
- APN
- C192400000009800
- Size
- 4,456 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11482
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stone, Stucco
- Roof type
- Composition
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Preshina Samtani
(956) 460-7763
Added: Dec 8, 2025
Changed: Jun 9
Last Checked: Jul 24 at 8:06AM
MLS# 488076
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 fourplex in San Juan, Texas, presents an investment opportunity with cash flow potential. Constructed less than four years ago, the property offers modern construction and rental demand. The property size is 4,456 square feet, situated on a 0.2391-acre lot. Three of the four units are currently leased, providing immediate income. One unit is vacant with a potential rent of $1250. The property is located in San Juan, TX.
Key Highlights
- Fourplex built in 2021 with modern construction and central heating/central air
- Three units currently leased and one vacant unit with potential rent of $1,250
- Stone and stucco exterior with composition roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.6k | $14.04 |
| − Vacancy | −$6.9k | −$1.55 |
| EGI | $55.7k | $12.49 |
| − OpEx | −$16.7k | −$3.75 |
| NOI | $39.0k | $8.74 |
4,456 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$556.7K
$487.1K – $649.5K
NOI $38,968 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$512.5K
$448.5K – $598.0K
NOI $35,877 @ 7.0% cap · market cap 7.05%
Theoretical Best
Hotel Hospitality
$3.36M
$2.94M – $3.92M
NOI $234,943 @ 7.0% cap · market cap 46.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fourplex in San Juan, TX, with strong rental income potential.
Where is this quadplex located?
The property is located at 405 Rafael Drive San Juan, TX.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: Fourplex built in 2021 with modern construction and central heating/central air; Three units currently leased and one vacant unit with potential rent of $1,250; Stone and stucco exterior with composition roof
