Brick 4-Plex with Leased
For Sale
$415,000
6520 7th St, McAllen, TX 78504
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 Market95
Property Features for 6520 7th St
General Information
Standard status
Active
Size
4,480 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
2000
Listing Agency:
Imperio Real Estate LLC
Listed By:
Diana M. Ayala
(956) 379-0822
Source:
Aregtx
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 7 at 4:31PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,202
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,040
$744.0K
Cap Rate 7%
$531,457
$531.5K
Cap Rate 9%
$413,356
$413.4K
Market Conditions
NOI Build-Up for 4,480 SF
Gross rent
$72.6K $16.20/SF
− Vacancy
−$4.9K −$1.10/SF
EGI
$67.6K $15.10/SF
− OpEx
−$30.4K −$6.79/SF
NOI
$37.2K $8.30/SF
Area
McAllen, TX
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,040
Cap Rate 7%
$531,457
Cap Rate 9%
$413,356
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 authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,408
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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
