Brick 4-Plex with Leased
6520 7th St McAllen, TX 78504
New
6520 7th St, McAllen, TX, 78504
$415,000
For Sale
$415,000
Well-maintained 4-plex with four leased 2-bedroom, 2-bath units, each including refrigerator and stove.
Property Size4,480 SF
Price / SF$92.63
Days on Market3
Property Features for 6520 7th St
General Information
- Standard status
- Active
- Size
- 4,480 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2000
Listing agency
Imperio Real Estate LLC
(956) 803-0341
Listed by
Diana M. Ayala
Source
Aregtx
Added: Jul 20 Updated: Jul 21 at 11:22AM Checked: Jul 21 at 11:22AM
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 Imperio Real Estate LLC
Investment Insights
Based on property information with market context.
This well-maintained 4-plex includes four residential units, and each unit is configured with two bedrooms and two bathrooms. Refrigerators and stoves are included in every unit. The building features a durable brick exterior and a low-maintenance design.
The property is located in McAllen and is described as providing convenient access to DHR Health Hospital, HEB, Walmart, Sam’s Club, major shopping centers, dining options, and main thoroughfares.
As presented, the 4-plex is fully leased, supporting immediate rental income for an investor looking for a stabilized rental asset.
The property is located in McAllen and is described as providing convenient access to DHR Health Hospital, HEB, Walmart, Sam’s Club, major shopping centers, dining options, and main thoroughfares.
As presented, the 4-plex is fully leased, supporting immediate rental income for an investor looking for a stabilized rental asset.
Key Highlights
- Well‑maintained 4‑plex built in 2000 with four units, each offering 2 bedrooms and 2 bathrooms
- All four units are leased for immediate rental income
- Each unit includes a refrigerator and stove
Local Financial Insights For Apartment 5plus
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 | $72.6k | $16.20 |
| − Vacancy | −$4.9k | −$1.10 |
| EGI | $67.6k | $15.10 |
| − OpEx | −$30.4k | −$6.79 |
| NOI | $37.2k | $8.30 |
4,480 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$578.3K
$506.0K – $674.7K
NOI $40,481 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$531.5K
$465.0K – $620.0K
NOI $37,202 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,156 @ 7.0% cap · market cap 20.52%
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 - Well-maintained 4-plex with four leased 2-bedroom, 2-bath units, each including refrigerator and stove.
Where is this quadplex located?
The property is located at 6520 7th St McAllen, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Well‑maintained 4‑plex built in 2000 with four units, each offering 2 bedrooms and 2 bathrooms; All four units are leased for immediate rental income; Each unit includes a refrigerator and stove
