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    Edinburg Fourplex Near UTRGV

    1207 Prosperity Drive Edinburg, TX 78541

    1207 Prosperity Drive, Edinburg, TX, 78541
    $375,000
    For Sale
    Claim this Listing
    $375,000

    MULTI_FAMILY - Edinburg, TX

    Property Size3,808 SF
    Lot Size0.22 Acres
    Price / SF$98.48
    AddedMar 26
    Days on Market111
    Last RefreshJul 14 at 7:06 pm

    Property Features for 1207 Prosperity Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    8
    Parking features
    Garage
    Appliances
    Electric Water Heater, Dishwasher, Refrigerator, Stove/Range, Washer
    Standard status
    Active
    APN
    Q307000000000001300
    Size
    3,808 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6884

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2004
    Floors in Building
    1
    Number of units
    4
    Building materials
    Brick
    Roof type
    Composition

    Listing agent Joshua I. Benavides

    Listing office BIG Realty 4847 S Jackson Rd., Pharr, TX

    Listing date Mar 26, 2026

    MLS# 494306 Listing URL

    Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This fourplex, located at 1207 Prosperity Drive, Edinburg, TX 78541, presents an excellent investment opportunity near UTRGV. Situated right off W Chapin St. and N. Sugar Rd., the location provides easy access to dining, shopping, and major roads. The property features four well-designed units, each offering 2 bedrooms and 2 full bathrooms. The property's size is 3808 square feet and it sits on a lot of 0.2237 acres. With its prime university proximity and functional floor plans, this fourplex offers excellent income potential and long-term value, making it a smart addition to any investor's portfolio. The layout is ideal for strong and consistent rental demand, particularly from students, faculty, and staff seeking walkable housing near campus.

    Key Highlights

    • Prime location near UTRGV, ideal for students, faculty, and staff.
    • Four units, each with 2 bedrooms and 2 full bathrooms, designed for rental demand.
    • Excellent income potential and long‑term investment value.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $59.9k $15.72
    − Vacancy −$1.7k −$0.46
    EGI $58.1k $15.26
    − OpEx −$26.2k −$6.87
    NOI $32.0k $8.40
    3,808 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $511.1K
    $447.2K – $596.2K (±1% cap)
    NOI $35,774 @ 7.0% cap · market cap 9.54%
    Second Best
    Apartment 5plus
    $456.7K
    $399.6K – $532.8K (±1% cap)
    NOI $31,969 @ 7.0% cap · market cap 8.53%
    Theoretical Best
    Office A
    $988.1K
    $864.6K – $1.15M (±1% cap)
    NOI $69,165 @ 7.0% cap · market cap 18.44%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Hair Salon Spa & Massage Center Building Supply Nail Salon Skin Care Clinic Electrical Service HVAC Service (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Quadplex - Fourplex near UTRGV with strong rental demand.
    Where is this quadplex located?
    The property is located at 1207 Prosperity Drive Edinburg, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Prime location near UTRGV, ideal for students, faculty, and staff.; Four units, each with 2 bedrooms and 2 full bathrooms, designed for rental demand.; Excellent income potential and long‑term investment value.
    Contact an agent
    (956) 223-9200
    We can help!
    Contact an agent
    Joshua I. Benavides
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