Fully Leased Fourplex in Gated
For Sale
$525,000
905 E Myrtle Beach Avenue McAllen, McAllen, TX 78503
Built in 2018, this fourplex has all units leased and individually metered for electric and water.
Property Size4,320 SF
Price / SF$121.53
Days on Market99
Property Features for 905 E Myrtle Beach Avenue McAllen
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Cap Rate
7.6%
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,378
Amenities
gated community
Building Details
Building Size
4,320 SF
Year Built
2018
Listing Agency:
BIG Realty
Listed By:
Victor Fuentes · License #801071391
(956) 432-1351
Source:
Primeluxuryrealestate
Added: Jul 27
Changed: Oct 31
Last Checked: Nov 1 at 1:34PM
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 BIG Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully stabilized fourplex was built in 2018 and offers a turnkey setup with all four units currently leased. Each unit is individually metered for electric and water, helping separate utility responsibility and supporting consistent operating structure. The property is situated within a gated community and is designed for low-maintenance ownership.
In-unit features include porcelain tile flooring, ceiling fans, and washer/dryer connections. Kitchens include both gas and electric range options, and unit layouts support straightforward resident use and amenity-forward living.
Located at 905 E Myrtle Beach Avenue in McAllen, the building provides direct access to major McAllen corridors and fits well for an investor seeking an income-producing, near-new multifamily asset with minimal vacancy risk. Rent roll and financials are available upon request.
In-unit features include porcelain tile flooring, ceiling fans, and washer/dryer connections. Kitchens include both gas and electric range options, and unit layouts support straightforward resident use and amenity-forward living.
Located at 905 E Myrtle Beach Avenue in McAllen, the building provides direct access to major McAllen corridors and fits well for an investor seeking an income-producing, near-new multifamily asset with minimal vacancy risk. Rent roll and financials are available upon request.
Key Highlights
- Fully stabilized fourplex with all four units leased
- Built in 2018 with approximately 4,320 sq ft of living space
- Each unit is individually metered for electric and water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,035
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,700
$780.7K
Cap Rate 7%
$557,643
$557.6K
Cap Rate 9%
$433,722
$433.7K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$59.6K $13.80/SF
− Vacancy
−$3.9K −$0.89/SF
EGI
$55.8K $12.91/SF
− OpEx
−$16.7K −$3.87/SF
NOI
$39.0K $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%
$780,700
Cap Rate 7%
$557,643
Cap Rate 9%
$433,722
Alternative Uses
Best Use
Multifamily LT 5
$557.6K
$487.9K – $650.6K
NOI $39,035 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$512.5K
$448.4K – $597.9K
NOI $35,874 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,115 @ 7.0% cap · market cap 15.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
Demographics for 78503, TX
23,604
Population
8,090
Households
2.9
Avg Household Size
35
Median Age
25%
College-Educated
71%
High-School Grad
19.2 sq mi
ZIP Area
1,229
Density / Sq Mi
$48,765
Median Household Income
$27,514
Median Earnings
$1,087
Median Rent
$130,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2018, this fourplex has all units leased and individually metered for electric and water.
Where is this quadplex located?
The property is located at 905 E Myrtle Beach Avenue McAllen McAllen, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully stabilized fourplex with all four units leased; Built in 2018 with approximately 4,320 sq ft of living space; Each unit is individually metered for electric and water
