Upgraded Fourplex with Rented
5800 Northwestern Avenue McAllen, TX 78501
5800 Northwestern Avenue, McAllen, TX, 78501
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For Sale
Contact for pricing
Fourplex features two 3-bedroom and two 2-bedroom apartments, all equipped with appliances and currently rented.
Property Size4,205 SF
Price / SF$126.04
Days on Market83
Property Features for 5800 Northwestern Avenue
General Information
- Standard status
- Active
- Size
- 4,205 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing agency
Encore Fine Properties
(956) 821-6170
Listed by
Israel Silva · License #tx743131
Source
Crexi
Added: Apr 30 Updated: Jul 21 at 7:39AM Checked: Jul 21 at 7:39AM
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 Encore Fine Properties
Investment Insights
Based on property information with market context.
This upgraded fourplex offers an open-concept layout with high ceilings and included appliances in each apartment. The property is configured with two 3-bedroom units and two 2-bedroom units, providing a mix of unit types within a single multifamily building.
Located in McAllen at 5800 Northwestern Avenue, the complex is situated off Shary Road in a newer neighborhood, with access to schools and eateries nearby.
All four apartments are currently rented, supporting income upon purchase.
Located in McAllen at 5800 Northwestern Avenue, the complex is situated off Shary Road in a newer neighborhood, with access to schools and eateries nearby.
All four apartments are currently rented, supporting income upon purchase.
Key Highlights
- Fourplex built in 2022
- Unit mix includes two 3‑bedroom apartments and two 2‑bedroom apartments
- All apartments feature an open‑concept layout with high ceilings
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 | $58.0k | $13.80 |
| − Vacancy | −$3.7k | −$0.89 |
| EGI | $54.3k | $12.91 |
| − OpEx | −$16.3k | −$3.87 |
| NOI | $38.0k | $9.04 |
4,205 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$542.8K
$475.0K – $633.3K
NOI $37,996 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$498.8K
$436.5K – $582.0K
NOI $34,919 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$1.14M
$999.1K – $1.33M
NOI $79,929 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Fourplex features two 3-bedroom and two 2-bedroom apartments, all equipped with appliances and currently rented.
Where is this quadplex located?
The property is located at 5800 Northwestern Avenue McAllen, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Fourplex built in 2022; Unit mix includes two 3‑bedroom apartments and two 2‑bedroom apartments; All apartments feature an open‑concept layout with high ceilings
