Edinburg Fourplex Investment
For Sale
$310,000
1902 Jason Avenue, Edinburg, TX 78539
MULTI_FAMILY - Edinburg, TX
Property Size3,000 SF
Lot Size0.19 Acres
Price / SF$103.33
Days on Market282
Property Features for 1902 Jason Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Electric Cooktop, Dryer, Refrigerator, Washer
Subdivision
Downing
Lot features
Sidewalks
Elementary school
Freddy Gonzalez
Middle school
South Middle School
High school
Vela H.S.
Elementary school district
Hidalgo ISD
Middle school district
Hidalgo ISD
High school district
Hidalgo 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
D761001011003100
Size
3,000 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2022
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
Composition
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Stephen Smith
(956) 739-7893
Added: Oct 28, 2025
Changed: Aug 3
Last Checked: Aug 5 at 3:06AM
MLS# 484460
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 four-plex is located in Edinburg, Texas, near UTRGV, shopping centers, restaurants, gyms, and the Edinburg Skate Park, splash pad, and baseball fields. Each of the four units includes 2 bedrooms and 1 bathroom. Each unit is equipped with a washer, dryer, refrigerator, and stove. The property is fully occupied, providing rental income. The property has a lot size of 0.1894 acres and a property size of 3000 square feet. The seller has three additional four-plexes available and prefers to sell all four properties together as one transaction.
Key Highlights
- Immediate rental income from fully occupied four‑plex.
- Prime Edinburg location near UTRGV, shopping, restaurants, and recreation.
- Each unit includes 2 bedrooms and 1 bathroom, plus washer, dryer, refrigerator, and stove.
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 | $41.4k | $13.80 |
| − Vacancy | −$1.1k | −$0.38 |
| EGI | $40.3k | $13.42 |
| − OpEx | −$12.1k | −$4.03 |
| NOI | $28.2k | $9.39 |
3,000 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex near UTRGV, fully occupied, generating immediate rental income.
Where is this quadplex located?
The property is located at 1902 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: Immediate rental income from fully occupied four‑plex.; Prime Edinburg location near UTRGV, shopping, restaurants, and recreation.; Each unit includes 2 bedrooms and 1 bathroom, plus washer, dryer, refrigerator, and stove.
