Four-Unit
For Sale
$512,000
303 Baltic Avenue, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size5,120 SF
Lot Size0.29 Acres
Price / SF$100
Days on Market147
Property Features for 303 Baltic Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
None
Exterior features
Mature Trees
Appliances
Electric Water Heater
Subdivision
Jackson Park #3
Lot features
Sidewalks
Elementary school
De La Vina
Middle school
South Middle School
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Going West on University Dr., turn right onto Remington Ave. Less than a mile to turn right onto S. Baltic Ave.
Standard status
Active
APN
J225503000002200
Size
5,120 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12095
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2014
Floors in Building
1
Number of units
4
Building materials
Brick, Stucco
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Apr 15
Changed: Sep 4
Last Checked: Sep 8 at 2:06PM
MLS# 489006
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.
Built in 2014, this four-unit quadplex contains approximately 5,120 square feet across four matching residences. Each unit provides a two-bedroom, two-bathroom layout with tile flooring throughout. The building combines brick and stucco construction with central heating and central air, while an electric water heater serves the property. A composition roof, public water service, and mature trees complete the physical profile.
The property occupies 0.2927 acres in Edinburg near UTRGV, shopping, restaurants, and everyday conveniences. Its configuration offers a consistent unit layout within a single multifamily asset, with each residence sharing the same bedroom and bathroom count.
The property occupies 0.2927 acres in Edinburg near UTRGV, shopping, restaurants, and everyday conveniences. Its configuration offers a consistent unit layout within a single multifamily asset, with each residence sharing the same bedroom and bathroom count.
Key Highlights
- Four‑unit property with 2‑bedroom, 2‑bath units
- Approximately 5,120 square feet of property size
- Built in 2014
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
$42,984
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
8.40%
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%
$859,680
$859.7K
Cap Rate 7%
$614,057
$614.1K
Cap Rate 9%
$477,600
$477.6K
Market Conditions
NOI Build-Up for 5,120 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
$80.5K $15.72/SF
− Vacancy
−$2.3K −$0.46/SF
EGI
$78.2K $15.26/SF
− OpEx
−$35.2K −$6.87/SF
NOI
$43.0K $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%
$859,680
Cap Rate 7%
$614,057
Cap Rate 9%
$477,600
Alternative Uses
Best Use
Multifamily LT 5
$687.1K
$601.2K – $801.7K
NOI $48,099 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$614.1K
$537.3K – $716.4K
NOI $42,984 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,996 @ 7.0% cap · market cap 18.16%
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
693
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 and stucco construction with central HVAC and tile flooring throughout.
Where is this quadplex located?
The property is located at 303 Baltic Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $512,000.
What are key features of this property?
This property features: Four‑unit property with 2‑bedroom, 2‑bath units; Approximately 5,120 square feet of property size; Built in 2014
