5609 Sandpiper Avenue McAllen, TX 78501
MULTI_FAMILY - McAllen, TX
Property Features for 5609 Sandpiper Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Appliances
- Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- S295500000005500
- Size
- 4,320 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10594
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Dara Herrera (888) 519-7431
Listing office eXp Realty LLC 9600 Great Hills Trail #150w, Austin, TX (888) 519-7431
Listing date Jul 10, 2026
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.
The property is located in Sharyland ISD within Shary Manor. The listing indicates tenants pay utilities, and it is described as having strong rental demand.
With four separate residential units and covered parking, the building is positioned as a low-maintenance rental asset.
Key Highlights
- Four‑plex in Shary Manor gated community in Sharyland ISD
- Built in 2022, with central heating and central air (stucco construction; shingle roof)
- Four units: each offers 3 bedrooms and 2 bathrooms with open‑concept layouts
Local 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 |
