Modern Four-Unit
For Sale
$565,000
5709 Sandpiper Ave, McAllen, TX 78504
Gated multifamily property with open-concept three-bedroom residences and private low-maintenance outdoor areas.
Property Size4,320 SF
Price / SF$130.79
Days on Market62
Property Features for 5709 Sandpiper Ave
General Information
Standard status
Active
Size
4,320 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Building Details
Year Built
2022
Listing Agency:
Coldwell Banker La Mansion
Listed By:
Adalberto (Beto) G. Arguelles · License #TREC#0594469
(956) 827-4799
Source:
Aregtx
Added: Aug 14
Changed: Oct 12
Last Checked: Oct 7 at 2:27PM
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 Coldwell Banker La Mansion
Investment Insights
Based on property information with market context.
Built in 2022, this 4,320-square-foot quadplex contains four residences, each configured with 3 bedrooms and 2 bathrooms. The interiors feature ceramic tile, custom cabinetry, granite countertops, oversized kitchen islands, and substantial storage. Primary suites include frameless walk-in showers, while large closets add storage throughout the units.
Each residence has a fenced concrete backyard and a complete stainless-steel appliance package that includes a refrigerator, washer, and dryer. The property provides eight covered parking spaces within a gated multifamily community. All four units are currently rented, and tenants are responsible for their utilities. The property is located in Sharyland ISD.
Each residence has a fenced concrete backyard and a complete stainless-steel appliance package that includes a refrigerator, washer, and dryer. The property provides eight covered parking spaces within a gated multifamily community. All four units are currently rented, and tenants are responsible for their utilities. The property is located in Sharyland ISD.
Key Highlights
- 4,320 SF quadplex built in 2022
- Four units, each with 3 bedrooms and 2 bathrooms
- Ceramic tile, granite countertops, custom cabinetry, and oversized kitchen islands
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,035
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,700
$780.7K
Cap Rate 7%
$557,643
$557.6K
Cap Rate 9%
$433,722
$433.7K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$59.6K $13.80/SF
− Vacancy
−$3.9K −$0.89/SF
EGI
$55.8K $12.91/SF
− OpEx
−$16.7K −$3.87/SF
NOI
$39.0K $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%
$780,700
Cap Rate 7%
$557,643
Cap Rate 9%
$433,722
Alternative Uses
Best Use
Multifamily LT 5
$557.6K
$487.9K – $650.6K
NOI $39,035 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$512.5K
$448.4K – $597.9K
NOI $35,874 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,115 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Gated multifamily property with open-concept three-bedroom residences and private low-maintenance outdoor areas.
Where is this quadplex located?
The property is located at 5709 Sandpiper Ave McAllen, TX.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 4,320 SF quadplex built in 2022; Four units, each with 3 bedrooms and 2 bathrooms; Ceramic tile, granite countertops, custom cabinetry, and oversized kitchen islands
