Edinburg Multi-Family Investment
303 Baltic Avenue Edinburg, TX 78539
For Sale
$512,000
MULTI_FAMILY - Edinburg, TX
Property Size5,120 SF
Lot Size0.29 Acres
Price / SF$100
Days on Market215
Property Features for 303 Baltic Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Exterior features
- Mature Trees
- Appliances
- Electric Water Heater
- 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
(956) 599-8400
Added: Dec 21, 2025
Changed: Apr 15
Last Checked: Jul 24 at 9:06AM
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.
This four-unit multi-family property is located in Edinburg, Texas, near UTRGV, shopping centers, restaurants, and other everyday conveniences. Each unit features a 2-bedroom, 2-bath layout with tile flooring throughout. The property provides approximately 5,120 square feet of living space and includes 8 covered carport parking spaces. The lot size is 0.2927 acres. This property represents an investment opportunity.
Key Highlights
- Prime Edinburg location near UTRGV, shopping, and restaurants.
- Each unit features a desirable 2‑bedroom, 2‑bath layout.
- Tile flooring throughout each unit.
Financial Insights For Apartment 5plus
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 | $80.5k | $15.72 |
| − Vacancy | −$2.3k | −$0.46 |
| EGI | $78.2k | $15.26 |
| − OpEx | −$35.2k | −$6.87 |
| NOI | $43.0k | $8.40 |
5,120 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit property near UTRGV with covered parking.
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: Prime Edinburg location near UTRGV, shopping, and restaurants.; Each unit features a desirable 2‑bedroom, 2‑bath layout.; Tile flooring throughout each unit.
