2022-Built Quadplex with
5601 Puffin Avenue, McAllen, TX 78504
For Sale
$485,000
Residential Income, McAllen, TX
Property Size4,035 SF
Lot Size0.33 Acres
Price / SF$120.20
Days on Market49
Property Features for 5601 Puffin Avenue
General Information
Property type
Property subtype
Parking
Parking features
Patio and Porch features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
HOA Fee
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Preshina Samtani · License TX #617748
(956) 460-7763
Added: Sep 22
Changed: Sep 25
Last Checked: Nov 9 at 7:06PM
MLS# 515514
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.
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Investment Insights
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Completed in 2022, this quadplex contains 4,035 square feet on a 0.3281-acre parcel. The property features stucco construction, composition roofing, privacy fencing, patios, and garage parking. Central electric heating and cooling serve the building, while the appliance package includes electric water heating, a washer, dryer, microwave, refrigerator, and electric smooth-top range.
Located at 5601 Puffin Avenue in McAllen, the property is served by public water and includes an exterior sprinkler system. The four-unit configuration places multiple residences within one recently built asset, with practical residential features incorporated throughout the property.
Located at 5601 Puffin Avenue in McAllen, the property is served by public water and includes an exterior sprinkler system. The four-unit configuration places multiple residences within one recently built asset, with practical residential features incorporated throughout the property.
Key Highlights
- Four‑unit quadplex completed in 2022
- 4,035 square feet on 0.3281 acres
- Stucco construction with composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,460
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,200
$729.2K
Cap Rate 7%
$520,857
$520.9K
Cap Rate 9%
$405,111
$405.1K
Market Conditions
NOI Build-Up for 4,035 SF
Gross rent
$55.7K $13.80/SF
− Vacancy
−$3.6K −$0.89/SF
EGI
$52.1K $12.91/SF
− OpEx
−$15.6K −$3.87/SF
NOI
$36.5K $9.04/SF
Area
McAllen, TX
Vacancy
6.46%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,200
Cap Rate 7%
$520,857
Cap Rate 9%
$405,111
Alternative Uses
Best Use
Multifamily LT 5
$520.9K
$455.8K – $607.7K
NOI $36,460 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$478.7K
$418.8K – $558.5K
NOI $33,507 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.10M
$958.7K – $1.28M
NOI $76,697 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
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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
$203,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in McAllen, TX
Properties on Market for Quadplexes in McAllen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with stucco construction, garage parking, patios, and central electric heating and cooling.
Where is this quadplex located?
The property is located at 5601 Puffin Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Four‑unit quadplex completed in 2022; 4,035 square feet on 0.3281 acres; Stucco construction with composition roof
