Gated 4-Unit
For Sale
$550,000
5909 Sandpiper Avenue, McAllen, TX 78504
MULTI_FAMILY - McAllen, TX
Property Size4,320 SF
Lot Size0.26 Acres
Price / SF$127.31
Days on Market31
Property Features for 5909 Sandpiper Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
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
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
Listing Agency:
Zapphire Real Estate Group
(956) 600-7494
Listed By:
Glenda Pecina
(956) 579-2276
Added: Jul 4
Last Checked: Aug 3 at 1:06AM
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.
Investment Insights
Based on property information with market context.
This gated four-plex (quadplex) delivers four leased units with practical, resident-focused layouts. Each unit offers three bedrooms and two bathrooms with open-concept design elements, ceramic tile flooring, granite countertops, custom cabinetry, and oversized kitchen islands. Units include stainless steel appliances plus an in-unit washer and dryer. Additional features include a private fenced backyard, a patio, and covered parking, with garage parking provided. Heating and cooling are central, and the property is stucco with a composition roof. Built in 2022, the quadplex is serviced by public water.
The property is located at 5909 Sandpiper Avenue in McAllen, TX 78504, in Sharyland ISD. All four units are currently rented.
With four similarly configured units, the property can support income-focused ownership while keeping unit amenities aligned across the building.
The property is located at 5909 Sandpiper Avenue in McAllen, TX 78504, in Sharyland ISD. All four units are currently rented.
With four similarly configured units, the property can support income-focused ownership while keeping unit amenities aligned across the building.
Key Highlights
- Gated 4‑Unit quadplex with four leased units
- Each unit offers 3 bedrooms and 2 bathrooms with open‑concept layouts
- Private fenced backyard, patio, and covered parking included with every unit
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 | $59.6k | $13.80 |
| − Vacancy | −$3.9k | −$0.89 |
| EGI | $55.8k | $12.91 |
| − OpEx | −$16.7k | −$3.87 |
| NOI | $39.0k | $9.04 |
4,320 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$557.6K
$487.9K – $650.6K
NOI $39,035 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$512.5K
$448.4K – $597.9K
NOI $35,874 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,115 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
880
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Gated quadplex with four leased 3-bedroom, 2-bath units, each featuring private fenced yards and covered parking.
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 $550,000.
What are key features of this property?
This property features: Gated 4‑Unit quadplex with four leased units; Each unit offers 3 bedrooms and 2 bathrooms with open‑concept layouts; Private fenced backyard, patio, and covered parking included with every unit
