Updated Four-Unit
6701 7th St, McAllen, TX 78504
For Sale
$415,000
Built in 2000, the property combines brick construction with recently replaced air-conditioning equipment and a new roof.
Property Size3,772 SF
Price / SF$110.02
Days on Market96
Property Features for 6701 7th St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Construction
Listing Agency:
Imperio Real Estate LLC
Listed By:
Diana M. Ayala
(956) 379-0822
Source:
Aregtx
Added: Aug 6
Changed: Nov 6
Last Checked: Nov 8 at 7:12AM
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 four-unit quadplex contains 3,772 square feet and was built in 2000. Each residence is configured with two bedrooms and two bathrooms. The property has a brick exterior, recently replaced A/C units, and a new roof. Three of the four units are leased, providing an existing rental component for the next owner.
The property is located at 6701 7th St in McAllen, near DHR Health Hospital, HEB, Walmart, Sam’s Club, shopping centers, restaurants, and main thoroughfares. Its unit count, consistent two-bedroom/two-bath layout, and recent capital improvements define the offering.
The property is located at 6701 7th St in McAllen, near DHR Health Hospital, HEB, Walmart, Sam’s Club, shopping centers, restaurants, and main thoroughfares. Its unit count, consistent two-bedroom/two-bath layout, and recent capital improvements define the offering.
Key Highlights
- Four‑unit quadplex with 3,772 square feet
- Each unit includes 2 bedrooms and 2 bathrooms
- Three of four units are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,084
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,680
$681.7K
Cap Rate 7%
$486,914
$486.9K
Cap Rate 9%
$378,711
$378.7K
Market Conditions
NOI Build-Up for 3,772 SF
Gross rent
$52.1K $13.80/SF
− Vacancy
−$3.4K −$0.89/SF
EGI
$48.7K $12.91/SF
− OpEx
−$14.6K −$3.87/SF
NOI
$34.1K $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%
$681,680
Cap Rate 7%
$486,914
Cap Rate 9%
$378,711
Alternative Uses
Best Use
Multifamily LT 5
$486.9K
$426.1K – $568.1K
NOI $34,084 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$447.5K
$391.5K – $522.1K
NOI $31,323 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$1.02M
$896.2K – $1.19M
NOI $71,698 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,408
Businesses Nearby
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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
$203,900
Median Home Value
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Market
Average Price Trend$/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 - Built in 2000, the property combines brick construction with recently replaced air-conditioning equipment and a new roof.
Where is this quadplex located?
The property is located at 6701 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: Four‑unit quadplex with 3,772 square feet; Each unit includes 2 bedrooms and 2 bathrooms; Three of four units are currently leased
