Brand New Fourplex
For Sale
$510,000
1305 W Sucre Drive, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Size4,320 SF
Lot Size0.23 Acres
Price / SF$118.06
Days on Market169
Property Features for 1305 W Sucre Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Garage
Exterior features
Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Sugar Mills Estates
Lot features
Alley, Sidewalks, Sprinkler System
Elementary school
Cavazos
Middle school
Longoria
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Off Sugar Road and Chapin Street
Standard status
Active
APN
S681500000005000
Size
4,320 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9955
HOA Fee
$750 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
wood-look tile flooring
contemporary kitchen with custom cabinetry
quartz countertops
spacious island
stainless steel appliances
in-unit washer and dryer
covered carports
private fenced backyards
Building Details
Year built
2024
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Alliance Real Estate Group
(956) 340-4633
Listed By:
Emiliano Perez
(956) 777-9579
Added: Feb 11
Changed: Jul 30
Last Checked: Jul 30 at 4:06PM
MLS# 491456
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.
Brand new fourplex property at 1305 W Sucre Drive, Edinburg, TX 78541, offering a modern unit configuration across its multiple residences. Each unit features an open-concept layout with wood-look tile flooring, a contemporary kitchen with custom cabinetry, quartz countertops, and a spacious island. Bedrooms are generously sized with large closets, and the primary suite includes a frameless glass shower and a walk-in closet. Additional in-unit amenities include stainless steel appliances and an in-unit washer and dryer. For outdoor space and privacy, each unit has a private fenced backyard, along with a covered carport.
The property is located in a multi-family subdivision just minutes from Expressway 83, with nearby access to shopping and dining, as well as “top schools” referenced in the listing.
The offering includes 4,320 square feet of total building area on a 0.2296-acre lot.
The property is located in a multi-family subdivision just minutes from Expressway 83, with nearby access to shopping and dining, as well as “top schools” referenced in the listing.
The offering includes 4,320 square feet of total building area on a 0.2296-acre lot.
Key Highlights
- Brand new 2024‑built multi‑family fourplexes with modern construction and stucco exterior
- Each unit features an open‑concept layout with wood‑look tile flooring and a kitchen with custom cabinetry, quartz countertops, and island
- Primary suites include a frameless glass shower and walk‑in closet
Financial Insights For Multifamily LT 5
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 | $59.6k | $13.80 |
| − Vacancy | −$1.6k | −$0.38 |
| EGI | $58.0k | $13.42 |
| − OpEx | −$17.4k | −$4.03 |
| NOI | $40.6k | $9.39 |
4,320 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.8K
$507.3K – $676.4K
NOI $40,584 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$518.1K
$453.4K – $604.5K
NOI $36,268 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$1.12M
$980.8K – $1.31M
NOI $78,465 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Newly built fourplex includes covered carports and private fenced backyards for each unit.
Where is this quadplex located?
The property is located at 1305 W Sucre Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Brand new 2024‑built multi‑family fourplexes with modern construction and stucco exterior; Each unit features an open‑concept layout with wood‑look tile flooring and a kitchen with custom cabinetry, quartz countertops, and island; Primary suites include a frameless glass shower and walk‑in closet
