Modern Fourplex with Private
New
For Sale
$545,000
7103 N 59th Lane, McAllen, TX 78504
Residential Income, McAllen, TX
Property Size4,380 SF
Lot Size0.26 Acres
Price / SF$124.43
Days on Market6
Property Features for 7103 N 59th Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Patio and Porch features
Patio
Exterior features
Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Water Heater (Laundry Room), Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range, Washer
Subdivision
Shary Manor
Lot features
Professional Landscaping, Sidewalks, Sprinkler System
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
Going north on Shary Rd. the subdivision is located on Shary Rd. and Mile 4 1/2 on your East Side. Shary Manor Subdivision.
Standard status
Active
APN
S295500000000300
Size
4,380 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13051
HOA Fee
$600 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
granite countertops
stainless steel appliances
in-unit washer and dryer
private fenced backyard
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Sabita Mahtani
(956) 371-3393
Added: Aug 24
Last Checked: Aug 29 at 3:06PM
MLS# 513180
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 4,380-square-foot fourplex contains four residences, each offering a 3-bedroom/2-bath layout with an open living arrangement. Interior features include granite countertops, stainless steel appliances, and in-unit laundry with a washer and dryer. Every residence also includes a privately fenced backyard. The building was constructed in 2022 with stucco exterior walls, a shingle roof, central electric heating and cooling, and public water service.
Located at 7103 N 59th Lane in McAllen, the property occupies 0.2585 acres. All four residences are currently leased, providing full occupancy across the building. Additional site features include a sprinkler system and patios.
Located at 7103 N 59th Lane in McAllen, the property occupies 0.2585 acres. All four residences are currently leased, providing full occupancy across the building. Additional site features include a sprinkler system and patios.
Key Highlights
- Four 3‑bedroom/2‑bath residences in a 4,380‑square‑foot fourplex
- All four units are 100% occupied
- Each unit includes granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,578
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,560
$791.6K
Cap Rate 7%
$565,400
$565.4K
Cap Rate 9%
$439,756
$439.8K
Market Conditions
NOI Build-Up for 4,380 SF
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.
Gross rent
$60.4K $13.80/SF
− Vacancy
−$3.9K −$0.89/SF
EGI
$56.5K $12.91/SF
− OpEx
−$17.0K −$3.87/SF
NOI
$39.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,560
Cap Rate 7%
$565,400
Cap Rate 9%
$439,756
Alternative Uses
Best Use
Multifamily LT 5
$565.4K
$494.7K – $659.6K
NOI $39,578 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$519.6K
$454.7K – $606.2K
NOI $36,372 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,255 @ 7.0% cap · market cap 15.28%
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
71
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 - Built in 2022, the property combines four similarly configured residences with modern finishes and individual outdoor areas.
Where is this quadplex located?
The property is located at 7103 N 59th Lane McAllen, TX.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Four 3‑bedroom/2‑bath residences in a 4,380‑square‑foot fourplex; All four units are 100% occupied; Each unit includes granite countertops and stainless steel appliances
