Four-Unit Brick
For Sale
$310,000
1902 Jason Avenue, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size3,000 SF
Lot Size0.19 Acres
Price / SF$103.33
Days on Market328
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: Sep 5
Last Checked: Sep 20 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 3,000-square-foot quadplex contains four residential units, each configured with 2 bedrooms and 1 bathroom. The 1993 property is constructed of brick and includes refrigerators, electric cooktops, washers, and dryers in every unit. Central heating and central air conditioning serve the building, while a composition roof and sprinkler system are also in place.
Located at 1902 Jason Avenue in Edinburg, the property sits on a 0.1894-acre lot and is directly across from the Edinburg Skate Park, splash pad, and baseball fields. UTRGV, shopping centers, restaurants, and gyms are identified nearby. The property is fully occupied, and showings require an appointment, advance notice, and a pre-approval letter.
Located at 1902 Jason Avenue in Edinburg, the property sits on a 0.1894-acre lot and is directly across from the Edinburg Skate Park, splash pad, and baseball fields. UTRGV, shopping centers, restaurants, and gyms are identified nearby. The property is fully occupied, and showings require an appointment, advance notice, and a pre-approval letter.
Key Highlights
- Four‑unit configuration with 2 bedrooms and 1 bathroom per unit
- 3,000 square feet on a 0.1894‑acre lot
- Fully occupied residential income property
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
$28,183
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
9.09%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully occupied property with two-bedroom units, central systems, and individual laundry appliances.
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: Four‑unit configuration with 2 bedrooms and 1 bathroom per unit; 3,000 square feet on a 0.1894‑acre lot; Fully occupied residential income property
