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Local Realty Service Provided By: Coldwell Banker La Mansion Real Estate

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221 Rafael Drive, 
San Juan, TX 78589

$509,000

—

Bed

—

Bath

4,286

Sq Ft

Multi-Family

Active

Listed by

Avinaash Buxani

Winners Circle

956-250-7453

Last updated:

September 10, 2026, 05:00 PM

MLS#

514795

Source:

TX GMAR

About This Home

221 Rafael Drive

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.

Home Facts

Multi-Family

Built in 2022

Price Summary

509,000

$118 per Sq. Ft.

MLS #:

514795

Last Updated:

September 10, 2026, 05:00 PM

Added:

21 day(s) ago

Rooms & Interior

Interior

Living Area:

4,286 Sq. Ft.

Structure

Structure

Building Area:

4,286 Sq. Ft.

Year Built:

2022

Lot

Lot Size (Sq. Ft):

10,432

Finances & Disclosures

Finances

Price:

$509,000

Price per Sq. Ft:

$118 per Sq. Ft.

Source:TX GMAR
The information being provided by Greater Mcallen Association Of REALTORS® Inc Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Greater Mcallen Association Of REALTORS® Inc Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.