409 Rafael Drive
San Juan, TX 78589
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Bed
0
Bath
4,456Sqft
10,415.20Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Flooring Information
Tile -
Interior Features
Ceiling Fan(s) Appliances: Range, Cooktop, Dryer, Microwave, Washer, Electric Water Heater, Refrigerator Laundry Features: Washer Hookup Window Features: Storm Window(s) -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air, Electric
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Building Information
Year Built: 2022 Building Area Total: 4456 Construction Materials: Stone, Stucco Stories: 1 Patio And Porch Features: Patio Private Pool: No Association Fee Frequency: Annually
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Lot Information
Main Square Feet: 10415.196 Square Feet Lot Size Acres: 0.2391 Lot Size Square Feet: 10415.196Property Information
Subdivision: Carroll Estates Source Property Type: Residential Income Property SubType: Quadruplex Property Age: 4
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Listing Price Information
Listing Price: $509000
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Tax Information
Parcel Number: C192400000009700 Tax Year: 2025 Annual Tax: $14482
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Parking Information
Parking Total: 8Homeowners Association InformationHas Association: Yes HOA: $600.00 Community Features: Curbs, Street Lights
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School Information
Elementary School: CloverJunior High School: AustinSenior High School: PSJA H.S. -
Location Information
Direction: East on Expressway 83, Exit Stewart road, Go South one block to Carroll Rd, then East on Carroll to Rafael Dr. WaterSource: Public Security Features: Smoke Detector(s)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 610 Olive Street, San Juan, TX, 78589 | $78,000 | -- | -- | -- | 7,963.20 Sqft |
| 209 Rafael Drive, San Juan, TX, 78589 | $479,000 | -- | -- | 4,212 | 9,516.99 Sqft |
| 1700 Angelina Drive, San Juan, TX, 78589 | $525,000 | -- | -- | 4,322 | 10,159.93 Sqft |
| 1603 Angelina Drive, San Juan, TX, 78589 | $490,000 | -- | -- | 1,080 | 10,112.02 Sqft |
| 1609 Angelina Drive, San Juan, TX, 78589 | $524,000 | -- | -- | 4,322 | 10,112.02 Sqft |
| 1805 Angelina Drive, San Juan, TX, 78589 | $495,000 | -- | -- | 4,000 | 10,109.84 Sqft |
| 3901 N Raul Longoria Road, San Juan, TX, 78589 | $899,900 | -- | -- | 3,264 | 39,640.04 Sqft |
| 100 Lauryn Drive, San Juan, TX, 78589 | $510,000 | -- | -- | 4,032 | 10,873.01 Sqft |
| 117 Lauryn Drive, San Juan, TX, 78589 | $525,000 | -- | -- | 4,480 | 10,920.06 Sqft |
| 201 Lauryn Drive, San Juan, TX, 78589 | $525,000 | -- | -- | 4,480 | 10,920.06 Sqft |
Similar Multifamily To 409 Rafael Drive
Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Greater McAllen Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Greater McAllen Association of REALTORS®. All rights reserved.
ByOwner last updated this listing 09/10/2026 @ 23:27
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