San Juan Fourplex Investment
409 Rafael Drive San Juan, TX 78589
409 Rafael Drive, San Juan, TX, 78589
$509,000
For Sale
$509,000
MULTI_FAMILY - San Juan, TX
Property Size4,456 SF
Lot Size0.24 Acres
Price / SF$114.23
Days on Market181
Property Features for 409 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, Refrigerator, Stove/Range-Electric Coil, Washer
- Standard status
- Active
- APN
- C192400000009700
- Size
- 4,456 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14482
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- 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: Jan 21 Updated: Jun 9 at 9:48PM Checked: Jul 21 at 6:06PM
MLS# 488263
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 a strong income-producing investment opportunity with long-term potential. The property is ideally located minutes from the expressway, offering convenience and steady rental appeal. Each of the four units features high-quality finishes, stainless steel appliances, sleek cabinetry, and contemporary fixtures. The property size is 4456 square feet, situated on a 0.2391-acre lot. With reliable tenants already in place, this turnkey property offers immediate cash flow and minimal management hassle.
Key Highlights
- Fourplex built in 2021
- Central heating and central air with electric systems
- Stone and stucco exterior plus composition roof
Local 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
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FAQs
What type of property is this?
Quadplex - Turnkey fourplex near expressway with reliable tenants and modern features.
Where is this quadplex located?
The property is located at 409 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; Central heating and central air with electric systems; Stone and stucco exterior plus composition roof
