Fourplex with Private
5609 Sandpiper Ave McAllen, TX 78501
New
For Sale
$535,000
Four 3-bedroom, 2-bath units with in-unit laundry, private fenced backyards, and covered parking within a gated community.
Property Size4,320 SF
Price / SF$123.84
Days on Market3
Property Features for 5609 Sandpiper Ave
General Information
- Standard status
- Active
- Size
- 4,320 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2022
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Dara Herrera
Source:
Aregtx
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:17AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This fourplex in the gated community of Shary Manor offers four spacious 3-bedroom, 2-bath residences. Each unit features an open-concept layout with granite countertops, custom cabinetry, stainless steel appliances, and an in-unit washer/dryer. Outside, every unit includes a private fenced backyard, and the property provides covered parking with 8 covered spaces total.
The property is in Sharyland ISD and is described as being near shopping and dining. Current rents are noted as below market, with comparable properties in the area supporting rents of $1,200+ per month, and tenants are responsible for utilities.
Overall, this is a low-maintenance, income-producing asset with consistent unit features and covered parking that can support an investor seeking value-add through rent improvement.
The property is in Sharyland ISD and is described as being near shopping and dining. Current rents are noted as below market, with comparable properties in the area supporting rents of $1,200+ per month, and tenants are responsible for utilities.
Overall, this is a low-maintenance, income-producing asset with consistent unit features and covered parking that can support an investor seeking value-add through rent improvement.
Key Highlights
- 2022‑built four‑plex in Sharyland ISD within the gated community of Shary Manor
- Four units total: each offers 3 bedrooms and 2 bathrooms with open‑concept layouts
- In each unit: granite countertops, custom cabinetry, stainless steel appliances, and in‑unit washer/dryer
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 | $59.6k | $13.80 |
| − Vacancy | −$3.9k | −$0.89 |
| EGI | $55.8k | $12.91 |
| − OpEx | −$16.7k | −$3.87 |
| NOI | $39.0k | $9.04 |
4,320 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$557.6K
$487.9K – $650.6K
NOI $39,035 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$512.5K
$448.4K – $597.9K
NOI $35,874 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,115 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four 3-bedroom, 2-bath units with in-unit laundry, private fenced backyards, and covered parking within a gated community.
Where is this quadplex located?
The property is located at 5609 Sandpiper Ave McAllen, TX.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2022‑built four‑plex in Sharyland ISD within the gated community of Shary Manor; Four units total: each offers 3 bedrooms and 2 bathrooms with open‑concept layouts; In each unit: granite countertops, custom cabinetry, stainless steel appliances, and in‑unit washer/dryer
