McAllen 5-Plex in Great
3813 N 7th Court McAllen, TX 78501
3813 N 7th Court, McAllen, TX, 78501
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For Sale
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Well-located 5-unit multifamily property in McAllen, Texas.
Property Size5,388 SF
Price / SF$98.27
Days on Market785
Property Features for 3813 N 7th Court
General Information
- Standard status
- Active
- Size
- 5,388 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1995
Listing Agency
Vortex Realty
Listed by
George Thatcher
Source
Crexi
Added: May 25, 2024 Checked: Jul 17 at 9:46 am
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 Vortex Realty
Investment Insights
Based on property information with market context.
This is a 5-plex located in McAllen, Texas. The property contains 5388 square feet and is positioned in a desirable location. The property is intended for multifamily residential use.
Key Highlights
- 5‑Plex: Offers potential for rental income.
- Great Location: Suggests a desirable neighborhood with convenient access.
- Built in 1995: Indicates relatively modern construction.
Local 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 | $87.3k | $16.20 |
| − Vacancy | −$5.9k | −$1.10 |
| EGI | $81.4k | $15.10 |
| − OpEx | −$36.6k | −$6.79 |
| NOI | $44.7k | $8.30 |
5,388 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$639.2K
$559.3K – $745.7K
NOI $44,743 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,415 @ 7.0% cap · market cap 19.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-located 5-unit multifamily property in McAllen, Texas.
Where is this apartment building located?
The property is located at 3813 N 7th Court McAllen, TX.
What is the asking price?
The asking price for this property is $529,500.
What are key features of this property?
This property features: 5‑Plex: Offers potential for rental income.; Great Location: Suggests a desirable neighborhood with convenient access.; Built in 1995: Indicates relatively modern construction.
