Fourplex with Private
New
For Sale
$529,900
5709 Sandpiper Avenue, McAllen, TX 78504
Residential Income, McAllen, TX
Property Size4,320 SF
Lot Size0.24 Acres
Price / SF$122.66
Days on Market1
Property Features for 5709 Sandpiper Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Patio and Porch features
Patio
Fencing
Privacy
Appliances
Electric Water Heater, Water Heater (Other Location), Smooth Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
Subdivision
Shary Manor
Lot features
Curb & Gutters, Sidewalks
Elementary school
Wernecke
Middle school
Sharyland North Junior
High school
Sharyland Pioneer H.S.
Elementary school district
Sharyland ISD
Middle school district
Sharyland ISD
High school district
Sharyland ISD
Directions
From Expressway 83, travel north on Shary Road, passing Mile 4 Road. Continue to just past Mile 4 1/2, where the entrance to Shary Manor will be on the east side. Turn into the subdivision and follow Sandpiper Avenue to the property.
Standard status
Active
APN
S295500000005200
Size
4,320 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8046
HOA Fee
$600 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
gated community
private fenced backyards
concrete patios
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Zapphire Real Estate Group
(956) 600-7494
Listed By:
Glenda Pecina
(956) 579-2276
Added: Oct 28
Last Checked: Oct 28 at 4:06PM
MLS# 518910
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
Based on property information with market context.
Built in 2022, this 4,320-square-foot quadplex contains four residences, each arranged with three bedrooms, two bathrooms, and an open-concept interior. Ceramic tile floors, custom cabinetry, granite countertops, and oversized kitchen islands define the living and kitchen areas. Each unit also has ample closet space, frameless walk-in showers, and a private fenced backyard with a concrete patio.
The property occupies 0.2439 acres in McAllen and is located within a gated multifamily community in Sharyland ISD. Stucco construction and a shingle roof complement central electric heating and cooling. The residences are equipped with washers, dryers, refrigerators, microwaves, and smooth electric cooktops.
The property occupies 0.2439 acres in McAllen and is located within a gated multifamily community in Sharyland ISD. Stucco construction and a shingle roof complement central electric heating and cooling. The residences are equipped with washers, dryers, refrigerators, microwaves, and smooth electric cooktops.
Key Highlights
- Fourplex with 4,320 square feet of building area
- Four units, each with 3 bedrooms and 2 bathrooms
- Built in 2022 on a 0.2439‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,035
Cap Rate
7.37%
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 7.37%
Second Best
Apartment 5plus
$512.5K
$448.4K – $597.9K
NOI $35,874 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,115 @ 7.0% cap · market cap 15.50%
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
97
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four matching residences offer three-bedroom layouts and fenced outdoor areas within a gated multifamily community.
Where is this quadplex located?
The property is located at 5709 Sandpiper Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Fourplex with 4,320 square feet of building area; Four units, each with 3 bedrooms and 2 bathrooms; Built in 2022 on a 0.2439‑acre site
