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221 Rafael Drive, San Juan, TX 78589

San Juan
Local realty services provided by:CENTURY 21 Johnston Company
221 Rafael Drive,San Juan, TX 78589
$509,000
  • - Beds
  • - Baths
  • 4,286 sq. ft.
  • Multi-family
  • Active
Listed by: avinaash buxani
Office: winners circle
MLS#:514795
Source:TX_GMAR

Price summary

  • Price:$509,000
  • Price per sq. ft.:$118.76
  • Monthly HOA dues:$54.17

About this home

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.

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Home facts

  • Year built:2022
  • Listing ID #:514795
  • Added:1 day(s) ago
  • Updated:September 10, 2026 at 05:00 PM

Rooms and interior

  • Flooring:Tile
  • Kitchen Description:Electric Water Heater, Microwave, Refrigerator, Stove/Range-Electric Smooth
  • Living area:4,286 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Composition Shingle
  • Year built:2022
  • Building area:4,286 sq. ft.
  • Lot Features:Curb & Gutters, Sidewalks
  • Construction Materials:Stone, Stucco
  • Exterior Features:Curb & Gutters, Patio Slab, Sidewalks
  • Foundation Description:Slab

Schools

  • High school:PSJA H.S.
  • Middle school:Austin
  • Elementary school:Clover

Utilities

  • Water:Electric Water Heater, Public Water
  • Sewer:City Sewer

Finances and disclosures

  • Price:$509,000
  • Price per sq. ft.:$118.76
  • Tax amount:$12,309

Features and amenities

  • Appliances:Microwave, Refrigerator, Stove/Range-Electric Smooth
  • Laundry features:Dryer, Laundry Closet, Washer, Washer/Dryer Connection
  • Amenities:Curbs, Sidewalks, Street Lights

Parking

  • Parking description:Other Garage or Carport

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