New Fourplex Investment
For Sale
$485,000
1308 Shavano Drive, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Size3,648 SF
Lot Size0.24 Acres
Price / SF$132.95
Days on Market169
Property Features for 1308 Shavano Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
None
Patio and Porch features
Patio
Exterior features
Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Refrigerator, Stove/Range, Washer
Subdivision
Sugar Mills Estates
Lot features
Professional Landscaping, Sidewalks, Sprinkler System
Elementary school
Truman
Middle school
B.L. Garza
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Head west on E Chapin Rd toward Frontera Rd. Turn right onto N Sugar Rd. Subdivision will be on your right.
Standard status
Active
APN
S681500000003800
Size
3,648 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10224
HOA Fee
$750 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
covered carports
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# 491455
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 brand-new fourplex residential income property includes four units with private fenced backyards and covered carports. Each unit features a bright, open-concept layout with wood-look tile flooring, a contemporary kitchen with custom cabinetry, quartz countertops, and a spacious island. Units also include stainless steel appliances and in-unit washer and dryer. Bedroom layouts include large closets, with primary suites offering a frameless glass shower and a walk-in closet.
The property is located at 1308 Shavano Drive in Edinburg, Texas, in a multi-family subdivision near Expressway 83 and close to schools, shopping, and dining.
With its four-unit structure and in-unit laundry and appliance package, the property is designed for straightforward residential rental operations.
The property is located at 1308 Shavano Drive in Edinburg, Texas, in a multi-family subdivision near Expressway 83 and close to schools, shopping, and dining.
With its four-unit structure and in-unit laundry and appliance package, the property is designed for straightforward residential rental operations.
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 | $50.3k | $13.80 |
| − Vacancy | −$1.4k | −$0.38 |
| EGI | $49.0k | $13.42 |
| − OpEx | −$14.7k | −$4.03 |
| NOI | $34.3k | $9.39 |
3,648 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$489.6K
$428.4K – $571.2K
NOI $34,271 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$437.5K
$382.8K – $510.4K
NOI $30,626 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$946.6K
$828.2K – $1.10M
NOI $66,259 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Brand-new fourplex consists of four residential units with private fenced backyards and covered carports.
Where is this quadplex located?
The property is located at 1308 Shavano Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $485,000.
