New Construction
New
For Sale
$495,000
Pending
5713 Northwestern Avenue, McAllen, TX 78504
Each residence has two bedrooms, two bathrooms, and a laundry closet.
Property Size3,650 SF
Days on Market6
Property Features for 5713 Northwestern Avenue
General Information
Standard status
Pending
Size
3,650 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,616
Amenities
Tile
true
Energy Features (Double Pane Windows)
Laundry Closet
Blue Prints
Other
Wood
false
Corner Lot,Sidewalks
Public
10687.0104
8
0.2453
No Garage
Paved
Slab
3650
2
1
Building Details
Building Size
3,650 SF
Year Built
2024
Stories
1
Listing Agency:
RE/MAX elite
(956) 539-7317
Listed By:
Javier Canales
Source:
Cncrealtyrgv
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 4 at 6:36AM
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 RE/MAX elite
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains two residences, each configured with two bedrooms and two bathrooms. The 3,650-square-foot property includes tile flooring, double-pane windows, and a laundry closet in each unit. Blueprints are also listed among the interior features.
The building sits on a corner lot with sidewalks. Exterior details include wood siding and a slab foundation.
The building sits on a corner lot with sidewalks. Exterior details include wood siding and a slab foundation.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 3,650 square feet
- Completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,981
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,620
$659.6K
Cap Rate 7%
$471,157
$471.2K
Cap Rate 9%
$366,456
$366.5K
Market Conditions
NOI Build-Up for 3,650 SF
Gross rent
$50.4K $13.80/SF
− Vacancy
−$3.3K −$0.89/SF
EGI
$47.1K $12.91/SF
− OpEx
−$14.1K −$3.87/SF
NOI
$33.0K $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%
$659,620
Cap Rate 7%
$471,157
Cap Rate 9%
$366,456
Alternative Uses
Best Use
Multifamily LT 5
$471.2K
$412.3K – $549.7K
NOI $32,981 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$433.0K
$378.9K – $505.2K
NOI $30,310 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$991.1K
$867.2K – $1.16M
NOI $69,379 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
47
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, two bathrooms, and a laundry closet.
Where is this duplex located?
The property is located at 5713 Northwestern Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; 3,650 square feet; Completed in 2024
