Quadplex with Covered Carport
For Sale
$512,000
303 Baltic Avenue, Edinburg, TX 78539
MULTI_FAMILY - Edinburg, TX
Property Size5,120 SF
Lot Size0.29 Acres
Price / SF$100
Days on Market113
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
(956) 599-8400
Added: Apr 15
Changed: Jul 29
Last Checked: Aug 5 at 5:06AM
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 quadplex offers a consistent, easy-to-market layout with each unit featuring a two-bedroom, two-bath design. Tile flooring runs throughout each unit, supporting straightforward tenant turnover and day-to-day maintenance. The property totals approximately 5,120 square feet of living space and includes eight covered carport parking spaces.
Constructed in 2014 with brick and stucco exteriors and a composition roof, the building is supported by public water service. Central heating and central air are provided, along with electric water heaters. Mature trees are listed as part of the exterior features.
Situated in Edinburg, the property is positioned near UTRGV and within reach of shopping, restaurants, and everyday conveniences, making it well suited for tenants seeking a practical residential location.
Constructed in 2014 with brick and stucco exteriors and a composition roof, the building is supported by public water service. Central heating and central air are provided, along with electric water heaters. Mature trees are listed as part of the exterior features.
Situated in Edinburg, the property is positioned near UTRGV and within reach of shopping, restaurants, and everyday conveniences, making it well suited for tenants seeking a practical residential location.
Key Highlights
- Four‑unit quadplex with two‑bedroom, two‑bath layout in each unit
- Approximately 5,120 square feet of living space
- Eight covered carport parking spaces
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
722
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 - Four-unit quadplex built in 2014 with central HVAC, tile flooring, and covered carport 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: Four‑unit quadplex with two‑bedroom, two‑bath layout in each unit; Approximately 5,120 square feet of living space; Eight covered carport parking spaces
