New Fourplex
For Sale
$475,000
439 Medina Lane, Alamo, TX 78516
MULTI_FAMILY - Alamo, TX
Property Size4,052 SF
Lot Size0.25 Acres
Price / SF$117.23
Days on Market95
Property Features for 439 Medina Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Parking
8
Parking features
None
Patio and Porch features
Patio
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Water Heater (In Attic), Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range, Washer
Subdivision
Riverside Tower & 495 Subdivision Phase A
Lot features
Professional Landscaping, Sidewalks, Sprinkler System
Elementary school
Salinas
Middle school
Sauceda
High school
Donna North H.S.
Elementary school district
Donna ISD
Middle school district
Donna ISD
High school district
Donna ISD
Directions
From Expressway 83 head North on N Tower Rd. Go passed 495/Kansas Rd and the new subdivision will be on the East (Right).
Standard status
Active
APN
R33080A000000400
Size
4,052 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
private fenced backyards
stainless steel appliances
in-unit washer and dryer
covered carports
Building Details
Year built
2025
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
Alliance Real Estate Group
(956) 340-4633
Listed By:
Emiliano Perez
(956) 777-9579
Added: Apr 27
Changed: Jul 30
Last Checked: Jul 30 at 1:06PM
MLS# 486989
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 brand-new fourplex presents a modern, open-concept layout across all units, featuring wood-look tile flooring, a contemporary kitchen with custom cabinetry, quartz countertops, and a spacious island. Bedrooms include large closets, with primary suites offering a walk-in closet and a frameless glass shower. Each unit also includes stainless steel appliances, in-unit washer and dryer, private fenced backyards, and covered carports.
Located in a multi-family subdivision in Alamo, the property is described as just minutes from Expressway 83 and close to shopping and dining.
Offered for sale as a newly built residential income property on a 0.2544-acre site with approximately 4,052 square feet total building area.
Located in a multi-family subdivision in Alamo, the property is described as just minutes from Expressway 83 and close to shopping and dining.
Offered for sale as a newly built residential income property on a 0.2544-acre site with approximately 4,052 square feet total building area.
Key Highlights
- Under construction with Year Built 2025; brand new multi‑family fourplex design.
- Each unit includes a patio and private fenced backyard, plus covered carports mentioned in the property remarks.
- Central air cooling and electric heating (including heating listed as central electric).
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 | $56.9k | $14.04 |
| − Vacancy | −$6.3k | −$1.55 |
| EGI | $50.6k | $12.49 |
| − OpEx | −$15.2k | −$3.75 |
| NOI | $35.4k | $8.74 |
4,052 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$506.2K
$442.9K – $590.6K
NOI $35,435 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$466.1K
$407.8K – $543.8K
NOI $32,625 @ 7.0% cap · market cap 6.87%
Theoretical Best
Hotel Hospitality
$3.05M
$2.67M – $3.56M
NOI $213,642 @ 7.0% cap · market cap 44.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 78516, TX
34,506
Population
12,469
Households
2.8
Avg Household Size
32
Median Age
12%
College-Educated
59%
High-School Grad
37.8 sq mi
ZIP Area
913
Density / Sq Mi
$51,547
Median Household Income
$26,908
Median Earnings
$743
Median Rent
$102,900
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?
Quadplex - Brand-new fourplex with in-unit washer/dryer, stainless appliances, private fenced backyards, and covered carports.
Where is this quadplex located?
The property is located at 439 Medina Lane Alamo, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Under construction with Year Built 2025; brand new multi‑family fourplex design.; Each unit includes a patio and private fenced backyard, plus covered carports mentioned in the property remarks.; Central air cooling and electric heating (including heating listed as central electric).
