Gated Community Duplex
4225 Heron Ave McAllen, TX 78504
New
For Sale
$345,000
Two condo units in a North McAllen gated community, each with individual electric and water meters.
Property Size1,960 SF
Price / SF$176.02
Days on Market3
Property Features for 4225 Heron Ave
General Information
- Standard status
- Active
- Size
- 1,960 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2026
Listing Agency:
Texas Landmark Realty LLC
Listed By:
Irene Uribe Manrique de Lara
Source:
Aregtx
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 23 at 3:14AM
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
Investment Insights
Based on property information with market context.
This property consists of two condo units offered together within a gated community in North McAllen. Each unit includes a stove, refrigerator, microwave, and washer and dryer, and features dishwasher prep. The units have individual water and electric meters, with trash service provided by the tenant, and can be kept as two units or deeded separately.
The HOA is $160 per unit and includes gate, common area, grass trim, front water sprinkler system, and insurance. Additional costs noted are taxes handled separately.
As a residential income property with two separately metered units, the configuration supports both owner-occupied and tenant-rented scenarios, depending on how the units are deeded.
The HOA is $160 per unit and includes gate, common area, grass trim, front water sprinkler system, and insurance. Additional costs noted are taxes handled separately.
As a residential income property with two separately metered units, the configuration supports both owner-occupied and tenant-rented scenarios, depending on how the units are deeded.
Key Highlights
- Two condo units together in a North McAllen gated community (Year built 2026)
- Each unit has individual electric and water meters
- Kitchen appliances included: stove, refrigerator, microwave; washer and dryer also included
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 | $27.0k | $13.80 |
| − Vacancy | −$1.7k | −$0.89 |
| EGI | $25.3k | $12.91 |
| − OpEx | −$7.6k | −$3.87 |
| NOI | $17.7k | $9.04 |
1,960 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.0K
$221.4K – $295.2K
NOI $17,710 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$232.5K
$203.5K – $271.3K
NOI $16,276 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$532.2K
$465.7K – $620.9K
NOI $37,256 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two condo units in a North McAllen gated community, each with individual electric and water meters.
Where is this duplex located?
The property is located at 4225 Heron Ave McAllen, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two condo units together in a North McAllen gated community (Year built 2026); Each unit has individual electric and water meters; Kitchen appliances included: stove, refrigerator, microwave; washer and dryer also included
