4-Unit Condominium
New
For Sale
$640,000
4217-4221 Heron Avenue McAllen, McAllen, TX 78504
Four separate residences in a gated community, each with a private patio and two assigned parking spaces.
Property Size3,920 SF
Days on Market6
Property Features for 4217-4221 Heron Avenue McAllen
General Information
Standard status
Active
Size
3,920 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Parking per Unit
2
Additional Details
Furnished
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,000
Amenities
gated community
common area park
sports courts
BBQ pits
stainless steel kitchen appliances
washer/dryer connections
spacious walk-in closet
private patio
Building Details
Building Size
3,920 SF
Year Built
2026
Listing Agency:
Texas Landmark Realty LLC
Listed By:
Irene Uribe Manrique de Lara · License #801067752
(956) 492-5638
Source:
Primeluxuryrealestate
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 3 at 3:23PM
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 Texas Landmark Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property consists of four separate condominiums, each configured with three bedrooms and two bathrooms. The homes are not part of a single fourplex. Two units are furnished, and unit 23 is leased. Each residence includes stainless steel kitchen appliances, excluding the dishwasher, washer and dryer connections, a walk-in closet, a private patio, and two assigned parking spaces, one of them covered. Front and rear units have different patio sizes. The property was built in 2026.
Community amenities include a park, sports courts, and barbecue pits within the gated setting.
Community amenities include a park, sports courts, and barbecue pits within the gated setting.
Key Highlights
- Four separate condominiums, each with 3 bedrooms and 2 bathrooms
- Two units furnished; unit 23 is leased
- Each residence includes stainless steel kitchen appliances, excluding the dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,552
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,040
$651.0K
Cap Rate 7%
$465,029
$465.0K
Cap Rate 9%
$361,689
$361.7K
Market Conditions
NOI Build-Up for 3,920 SF
Gross rent
$63.5K $16.20/SF
− Vacancy
−$4.3K −$1.10/SF
EGI
$59.2K $15.10/SF
− OpEx
−$26.6K −$6.79/SF
NOI
$32.6K $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%
$651,040
Cap Rate 7%
$465,029
Cap Rate 9%
$361,689
Alternative Uses
Best Use
Apartment 5plus
$465.0K
$406.9K – $542.5K
NOI $32,552 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$931.4K – $1.24M
NOI $74,511 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 78504, TX
56,830
Population
21,417
Households
2.7
Avg Household Size
35
Median Age
40%
College-Educated
86%
High-School Grad
19.6 sq mi
ZIP Area
2,899
Density / Sq Mi
$77,627
Median Household Income
$41,632
Median Earnings
$1,178
Median Rent
$203,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Four separate residences in a gated community, each with a private patio and two assigned parking spaces.
Where is this residential income property located?
The property is located at 4217-4221 Heron Avenue McAllen McAllen, TX.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Four separate condominiums, each with 3 bedrooms and 2 bathrooms; Two units furnished; unit 23 is leased; Each residence includes stainless steel kitchen appliances, excluding the dishwasher
