Fully Leased
716 Swallow Avenue W McAllen, TX 78504
For Sale
Contact for pricing
Fully leased fourplex featuring three-bedroom, two-bath units with tile flooring and private laundry rooms.
Property Size4,648 SF
Price / SF$96.82
Days on Market123
Property Features for 716 Swallow Avenue W
General Information
- Standard status
- Active
- Size
- 4,648 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1995
Listing Agency:
The Agency Austin, LLC
(956) 606-4688
Listed By:
Myra Caridad Garcia · License #719556
Source:
Crexi
Added: Mar 23
Changed: Jul 22
Last Checked: Jul 23 at 10:03AM
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 The Agency Austin, LLC
Investment Insights
Based on property information with market context.
This fully leased fourplex includes four residential units, each with a spacious 1,144 sq. ft. layout featuring three bedrooms and two full bathrooms. Interiors feature tile flooring throughout the living space. Each unit includes a kitchen with ample cabinetry and a dedicated dining area with custom built-in shelving, along with a separate living space. Private laundry rooms with overhead storage are provided within each unit.
The property has a brick exterior with a central courtyard and covered carport parking for all tenants. It is located near McAllen’s major retail and dining hubs.
The asset is offered as a turnkey, income-producing property with all four units in place.
The property has a brick exterior with a central courtyard and covered carport parking for all tenants. It is located near McAllen’s major retail and dining hubs.
The asset is offered as a turnkey, income-producing property with all four units in place.
Key Highlights
- Fully leased fourplex built in 1995 at 716 West Swallow Avenue
- Four units, each with a 1,144 SF floor plan featuring 3 bedrooms and 2 full bathrooms
- Current rental income of $1,100 per unit per month
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 | $75.3k | $16.20 |
| − Vacancy | −$5.1k | −$1.10 |
| EGI | $70.2k | $15.10 |
| − OpEx | −$31.6k | −$6.79 |
| NOI | $38.6k | $8.30 |
4,648 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$600.0K
$525.0K – $700.0K
NOI $41,999 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$551.4K
$482.5K – $643.3K
NOI $38,598 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,349 @ 7.0% cap · market cap 19.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully leased fourplex featuring three-bedroom, two-bath units with tile flooring and private laundry rooms.
Where is this quadplex located?
The property is located at 716 Swallow Avenue W McAllen, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully leased fourplex built in 1995 at 716 West Swallow Avenue; Four units, each with a 1,144 SF floor plan featuring 3 bedrooms and 2 full bathrooms; Current rental income of $1,100 per unit per month
