Fully Occupied 4-Unit
For Sale
$310,000
1818 Jason Avenue, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size3,000 SF
Lot Size0.19 Acres
Price / SF$103.33
Days on Market352
Property Features for 1818 Jason Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
6
Appliances
Electric Water Heater, Electric Cooktop, Refrigerator
Subdivision
Downing
Elementary school
Freddy Gonzalez
Middle school
South Middle School
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From the corner of Sugar rd. and hwy 107. Head South on Sugar rd to Jason Ave. Take a right on Jason Ave. just before Sprague. Property will be on the left hand side toward the end of the street.
Standard status
Active
APN
D761001011002700
Size
3,000 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5689
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1993
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Stephen Smith
(956) 739-7893
Added: Oct 28, 2025
Changed: Oct 8
Last Checked: Oct 14 at 9:06PM
MLS# 484458
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 4-unit residential income property contains 3,000 square feet on a 0.1894-acre lot and was built in 1993. Each residence includes two bedrooms and one bathroom, along with a refrigerator, stove, washer, and dryer. Brick construction, shingle roofing, central heating, and central air conditioning serve the property, which is currently fully occupied.
The property is located near UTRGV, shopping centers, restaurants, gyms, and public recreation facilities, including the Edinburg Skate Park, splash pad, and baseball fields. The seller also has three additional four-plexes available and prefers to sell the properties together as one transaction. Showings require advance notice and a pre-approval letter.
The property is located near UTRGV, shopping centers, restaurants, gyms, and public recreation facilities, including the Edinburg Skate Park, splash pad, and baseball fields. The seller also has three additional four-plexes available and prefers to sell the properties together as one transaction. Showings require advance notice and a pre-approval letter.
Key Highlights
- 4‑unit property with 3,000 square feet
- Each unit has 2 bedrooms and 1 bathroom
- 0.1894‑acre lot; built in 1993
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,183
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,660
$563.7K
Cap Rate 7%
$402,614
$402.6K
Cap Rate 9%
$313,144
$313.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$41.4K $13.80/SF
− Vacancy
−$1.1K −$0.38/SF
EGI
$40.3K $13.42/SF
− OpEx
−$12.1K −$4.03/SF
NOI
$28.2K $9.39/SF
Area
Edinburg, TX
Vacancy
2.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,660
Cap Rate 7%
$402,614
Cap Rate 9%
$313,144
Alternative Uses
Best Use
Multifamily LT 5
$402.6K
$352.3K – $469.7K
NOI $28,183 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$359.8K
$314.8K – $419.8K
NOI $25,186 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$778.4K
$681.1K – $908.2K
NOI $54,490 @ 7.0% cap · market cap 17.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer two bedrooms, one bathroom, kitchen appliances, and laundry equipment in a brick construction property.
Where is this quadplex located?
The property is located at 1818 Jason Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 4‑unit property with 3,000 square feet; Each unit has 2 bedrooms and 1 bathroom; 0.1894‑acre lot; built in 1993
