Four-Plex with Covered
5609 Sandpiper Avenue McAllen, TX 78501
5609 Sandpiper Avenue, McAllen, TX, 78501
$535,000
For Sale
$535,000
MULTI_FAMILY - McAllen, TX
Property Size4,320 SF
Lot Size0.24 Acres
Price / SF$123.84
Days on Market9
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 Agency
eXp Realty LLC
(888) 519-7431
9600 Great Hills Trail #150w, Austin, TX
Listed by
Dara Herrera
(888) 519-7431
Added: Jul 10 Checked: Jul 18 at 8:06 pm
MLS# 507493
Listing URL
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 four-plex in a gated community includes four 3-bedroom, 2-bath units with open-concept layouts. Each unit features granite countertops, custom cabinetry, stainless steel appliances, and an in-unit washer/dryer. Outside, there are private fenced backyards, along with covered parking for residents.
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.
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 |
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
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four residential units offer 3 bedrooms and 2 baths each, with in-unit washer/dryer and private fenced backyards.
Where is this quadplex located?
The property is located at 5609 Sandpiper Avenue 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: 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
