Gated Four-Unit
5909 Sandpiper Avenue, McAllen, TX 78504
For Sale
New
$529,900
Residential Income, McAllen, TX
Property Size4,320 SF
Lot Size0.26 Acres
Price / SF$122.66
Days on Market4
Property Features for 5909 Sandpiper Avenue
General Information
Property type
Property subtype
Parking
Parking features
Patio and Porch features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
HOA Fee
Utilities
Heating system
Cooling system
Water source
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
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Zapphire Real Estate Group
(956) 600-7494
Listed By:
Glenda Pecina
(956) 579-2276
Added: Nov 10
Last Checked: Nov 13 at 11:06PM
MLS# 520001
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 four-unit property in McAllen contains 4,320 square feet on a 0.2583-acre lot. Each residence offers three bedrooms and two bathrooms, with an open layout, ceramic tile floors, granite counters, custom cabinetry, and an oversized kitchen island. Stainless steel appliances, a washer and dryer, and a private fenced backyard are included in every unit, along with covered parking.
All four units are currently rented. The property is located in Sharyland ISD.
All four units are currently rented. The property is located in Sharyland ISD.
Key Highlights
- Four residences, each with 3 bedrooms and 2 bathrooms
- 4,320 square feet on a 0.2583‑acre lot
- Built in 2022
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
Property Analytics
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
$203,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in McAllen, TX
Properties on Market for Quadplexes in McAllen
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a private fenced yard, covered parking, and a three-bedroom, two-bath layout.
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 residences, each with 3 bedrooms and 2 bathrooms; 4,320 square feet on a 0.2583‑acre lot; Built in 2022
