Modern Gated
For Sale
$529,900
5909 Sandpiper Avenue, McAllen, TX 78504
Residential Income, McAllen, TX
Property Size4,320 SF
Lot Size0.26 Acres
Price / SF$122.66
Days on Market100
Property Features for 5909 Sandpiper Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Patio and Porch features
Patio
Appliances
Electric Water Heater, Water Heater (Programmable thermostat), Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range, 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, head north on Shary Rd and continue past Mile 4. The entrance to Shary Manor subdivision will be on the east side just past Mile 4 1/2. Turn into the subdivision, continue on Sandpiper Ave, and follow the road to the property.
Standard status
Active
APN
S295500000004700
Size
4,320 SF
Lot size
0.26 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10617
HOA Fee
$600 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
gated
ceramic tile flooring
granite countertops
custom cabinetry
oversized kitchen islands
stainless steel appliances
washer
dryer
private fenced backyard
covered parking
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Buildings
1
Listing Agency:
Zapphire Real Estate Group
(956) 600-7494
Listed By:
Glenda Pecina
(956) 579-2276
Added: Jul 30
Changed: Oct 23
Last Checked: Nov 6 at 4:06AM
MLS# 503765
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 gated quadplex contains four 3-bedroom, 2-bath residences within 4,320 square feet on 0.2583 acres. Each unit offers an open-concept plan with ceramic tile floors, granite countertops, custom cabinetry, and an oversized kitchen island. Stainless steel appliances, a washer, and a dryer are included in every residence.
The property is located at 5909 Sandpiper Avenue in McAllen, within Sharyland ISD. Each unit has a private fenced backyard, patio, and covered parking with garage features. Central heating, central air conditioning, public water service, stucco construction, and a composition roof complete the property improvements. All four units are currently rented.
The property is located at 5909 Sandpiper Avenue in McAllen, within Sharyland ISD. Each unit has a private fenced backyard, patio, and covered parking with garage features. Central heating, central air conditioning, public water service, stucco construction, and a composition roof complete the property improvements. All four units are currently rented.
Key Highlights
- Four 3‑bedroom, 2‑bath units in a gated quadplex
- 4,320 square feet on a 0.2583‑acre lot
- Built in 2022 with stucco construction and a composition roof
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.
How Realmo checks its estimates
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Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
97
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four contemporary rental units feature private outdoor space, covered parking, and upgraded interior finishes.
Where is this quadplex located?
The property is located at 5909 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: Four 3‑bedroom, 2‑bath units in a gated quadplex; 4,320 square feet on a 0.2583‑acre lot; Built in 2022 with stucco construction and a composition roof
