For sale

$509,000

221 Rafael Dr, San Juan, TX 78589

10beds

8baths

4,286sqft

$4,038/mo

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Quadruplex, Multi Family

Built in 2022

-- sqft lot

$-- Zestimate^®

$119/sqft

$54/mo HOA

What's special

Excellent investment opportunity in San Juan! Built in 2022, this modern fourplex features four spacious 3-bedroom, 2-bath units with approximately 1,114 sq. ft. each and combined monthly rents of $5,125. Offered at $509,000, the property generates $61,500 in annual gross income and an estimated $43,419 NOI, producing an attractive 8.53% cap rate based on the expenses provided. Three matching fourplexes are available and may be purchased individually or together as a 12-unit portfolio for $1,527,000. Combined, the portfolio generates approximately $184,500 in annual gross income with an estimated $130,257 NOI, maintaining an 8.53% cap rate—an outstanding opportunity to acquire newer construction with immediate income and long-term portfolio potential. And there's still room to negotiate - which means...an even BETTER CAP RATE.

16 days
7
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 8

Heating

Has Heating (Unspecified Type)

Cooling

Central Air, Electric

Appliances

Included: Electric Water Heater, Microwave, Refrigerator, Stove/Range-Electric Smooth
Laundry: Laundry Closet, Washer/Dryer Connection

Features

Ceiling Fan(s)
Flooring: Tile

Interior area

Total structure area: 4,286
Total interior livable area: 4,286 sqft

Property

Parking

Total spaces: 8
Parking features: Other Garage or Carport
Carport spaces: 8

Features

Patio & porch: Patio, Patio Slab
Fencing: Wood

Lot

Size: 10,432 Square Feet
Features: Curb & Gutters, Sidewalks

Details

Additional structures: Outbuilding (None)
Parcel number: C192400000010400

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family

Materials

Stone, Stucco
Foundation: Slab
Roof: Composition

Condition

Year built: 2022

Utilities & green energy

Sewer: Public Sewer
Water: Public

Green energy

Energy efficient items: Thermostat

Community & HOA

Community

Features: Curbs, Sidewalks, Street Lights
Security: Smoke Detector(s)
Subdivision: Carroll Estates

HOA

Has HOA: Yes
HOA fee: $650 annually
HOA name: Carroll Estates HOA

Location

Region: San Juan

Financial & listing details

Price per square foot: $119/sqft
Tax assessed value: $476,000
Annual tax amount: $12,309
Date on market: 9/9/2026
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/9/2026	Listed for sale	$509,000$119/sqft
Source: Greater McAllen AOR #514795 Report a problem
8/1/2026	Listing removed	$509,000$119/sqft
Source: Greater McAllen AOR #488078 Report a problem
1/13/2026	Listed for sale	$509,000-2.1%$119/sqft
Source: Greater McAllen AOR #488078 Report a problem
10/31/2022	Sold	--
Source: Agent Provided Report a problem
10/3/2022	Pending sale	$520,000$121/sqft
Source: Greater McAllen AOR #388717 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,309 -13.1%	$476,000 -12.9%
2024	$14,158 +7.2%	$546,412 +7.1%
2023	$13,204 +369.8%	$510,000 +401.5%
2022	$2,811 +106.4%	$101,705 +111%
2021	$1,362	$48,192

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 78589

Getting around

0 / 100

Car-Dependent

32 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

8/10
Berta S Palacios Elementary School
Grades: PK-5Distance: 1.9 mi
5/10
Jaime Escalante Middle School
Grades: 6-8Distance: 2.2 mi
5/10
PSJA Southwest Early College High School
Grades: 9-12Distance: 2.3 mi

Schools provided by the listing agent

Elementary: Clover
Middle: Austin
High: PSJA H.S.
District: PSJA ISD

Source: Greater McAllen AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.