Two-Bedroom Fourplex with
For Sale
$320,000
1816 Jason Avenue, Edinburg, TX 78539
MULTI_FAMILY - Edinburg, TX
Property Size3,408 SF
Lot Size0.19 Acres
Price / SF$93.90
Days on Market132
Property Features for 1816 Jason Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Garage
Appliances
Electric Water Heater, Water Heater (Other Location), Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Downing
Lot features
Curb & Gutters
Elementary school
Freddy Gonzalez
Middle school
South Middle School
High school
Edinburg H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From Sugar and W Sprague go west on Sprague north on Wendy St west on Jason Ave
Standard status
Active
APN
D761001011002500
Size
3,408 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6489
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1994
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Gustavo Figueroa · License #602632
(956) 588-6550
Added: Apr 15
Changed: Aug 13
Last Checked: Aug 24 at 9:06PM
MLS# 498101
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 offers two-bedroom, two-bath living in each unit, with a functional layout designed for everyday comfort. The property was built in 1994 and features brick construction and a shingle roof. Heating is electric with central systems, and cooling is electric with central air. Each unit includes in-unit appliances such as a refrigerator, stove/range, washer, and dryer, plus an electric water heater. Public water service is available, and the property provides garage parking.
The building is located at 1816 Jason Avenue in Edinburg, Texas 78539, in Hidalgo County.
With a compact site (0.1894 acres) and a total property size of 3,408 square feet, this fourplex is a straightforward residential income option for buyers seeking a multi-unit ownership structure.
The building is located at 1816 Jason Avenue in Edinburg, Texas 78539, in Hidalgo County.
With a compact site (0.1894 acres) and a total property size of 3,408 square feet, this fourplex is a straightforward residential income option for buyers seeking a multi-unit ownership structure.
Key Highlights
- Two‑bedroom, two‑bath fourplex at 1816 Jason Avenue, Edinburg, TX 78539
- Brick construction with shingle roof
- Built in 1994 on a 0.1894‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,611
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$572,220
$572.2K
Cap Rate 7%
$408,729
$408.7K
Cap Rate 9%
$317,900
$317.9K
Market Conditions
NOI Build-Up for 3,408 SF
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.
Gross rent
$53.6K $15.72/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$52.0K $15.26/SF
− OpEx
−$23.4K −$6.87/SF
NOI
$28.6K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$572,220
Cap Rate 7%
$408,729
Cap Rate 9%
$317,900
Alternative Uses
Best Use
Multifamily LT 5
$457.4K
$400.2K – $533.6K
NOI $32,016 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$408.7K
$357.6K – $476.9K
NOI $28,611 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$884.3K
$773.8K – $1.03M
NOI $61,900 @ 7.0% cap · market cap 19.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
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 - Brick fourplex with two-bedroom, two-bath units, central electric HVAC, and on-site garage parking in Edinburg.
Where is this quadplex located?
The property is located at 1816 Jason Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath fourplex at 1816 Jason Avenue, Edinburg, TX 78539; Brick construction with shingle roof; Built in 1994 on a 0.1894‑acre lot
