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.
For sale
$509,000
405 Rafael Dr, San Juan, TX 78589
12beds
8baths
4,456sqft
Quadruplex, Multi Family
Built in 2022
-- sqft lot
$497,700 Zestimate®
$114/sqft
$54/mo HOA
What's special
- 7 days
- 33
- 4
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Avinaash Nash Buxani 956-949-9337,
Winners Circle
Source: Greater McAllen AOR,MLS#: 514796
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater, Dryer, Microwave, Stove/Range-Electric Coil, Washer
- Laundry: Laundry Closet, Washer/Dryer Connection
Features
- Ceiling Fan(s)
- Flooring: Tile
Interior area
- Total structure area: 4,456
- Total interior livable area: 4,456 sqft
Property
Parking
- Total spaces: 8
- Parking features: Detached, Other Garage or Carport
- Carport spaces: 8
Features
- Patio & porch: Patio
- Exterior features: Sprinkler System
- Fencing: Wood
Lot
- Size: 10,415 Square Feet
- Features: Curb & Gutters, Sidewalks
Details
- Additional structures: Outbuilding (None)
- Parcel number: C192400000009800
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: $114/sqft
- Annual tax amount: $11,482
- Date on market: 9/9/2026
- Road surface type: Paved
Estimated market value
$497,700
$473,000 - $523,000
$1,088/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Listed for sale | $509,000$114/sqft |
Source: Greater McAllen AOR #514796 Report a problem | ||
| 8/1/2026 | Listing removed | $509,000$114/sqft |
Source: Greater McAllen AOR #488076 Report a problem | ||
| 12/3/2025 | Listed for sale | $509,000$114/sqft |
Source: Greater McAllen AOR #488076 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 78589
Nearby schools
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.
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