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.
Foreclosure
$509,000
409 Rafael Dr, San Juan, TX 78589
12beds
8baths
4,456sqft
Quadruplex, Multi Family
Built in 2022
-- sqft lot
$-- Zestimate®
$114/sqft
$50/mo HOA
What's special
- 7 days
- 43
- 4
Zillow last checked:
Listing updated:
Listed by:
Avinaash Nash Buxani 956-949-9337,
Winners Circle
Source: Greater McAllen AOR,MLS#: 514794
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
- Laundry: Laundry Area, Washer/Dryer Connection
Features
- Ceiling Fan(s)
- Flooring: Tile
- Windows: Storm Window(s)
Interior area
- Total structure area: 4,456
- Total interior livable area: 4,456 sqft
Property
Parking
- Total spaces: 8
- Parking features: Other Garage or Carport
- Carport spaces: 8
Features
- Patio & porch: Patio, Patio Slab
- Exterior features: Sprinkler System
- Fencing: Wood
Lot
- Size: 10,415 Square Feet
- Features: Curb & Gutters, Sidewalks
Details
- Additional structures: Outbuilding (None)
- Parcel number: C192400000009700
- Special conditions: Real Estate Owned
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
- Water: Public
Green energy
- Energy efficient items: Thermostat
Community & HOA
Community
- Features: Curbs, Street Lights
- Security: Smoke Detector(s)
- Subdivision: Carroll Estates
HOA
- Has HOA: Yes
- HOA fee: $600 annually
- HOA name: Caroll Estates HOA
Location
- Region: San Juan
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $560,000
- Annual tax amount: $14,482
- Date on market: 9/9/2026
- Road surface type: Paved
Foreclosure details
Estimated market value
Not available
Estimated sales range
Not available
$1,072/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2026 | Listing removed | $509,000$114/sqft |
Source: Greater McAllen AOR #488263 Report a problem | ||
| 12/4/2025 | Listed for sale | $509,000-57.6%$114/sqft |
Source: Greater McAllen AOR #488263 Report a problem | ||
| 10/21/2022 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 8/30/2022 | Pending sale | $1,200,000$269/sqft |
Source: Greater McAllen AOR #385415 Report a problem | ||
| 7/21/2022 | Price change | $1,200,000-7.7%$269/sqft |
Source: Greater McAllen AOR #385415 Report a problem | ||
| 7/11/2022 | Listed for sale | $1,300,000$292/sqft |
Source: Greater McAllen AOR #385415 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,482 +1.5% | $560,000 +1.7% |
| 2024 | $14,270 -0.8% | $550,757 -0.8% |
| 2023 | $14,381 -41.6% | $555,449 -37.7% |
| 2022 | $24,623 +533.5% | $890,926 +547.9% |
| 2021 | $3,887 | $137,512 |
Find assessor info on the county website
Monthly payment
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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