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    Edinburg Multi-Family Investment Opportunity

    309 Baltic Avenue Edinburg, TX 78539

    Claim this Listing
    For Sale
    $512,000

    MULTI_FAMILY - Edinburg, TX

    Property size:
    5,120 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $100/SF
    Added:
    Dec 21, 2025
    Days on Market:
    205
    Last Refresh:
    Jul 14 at 5:06 am

    Property Features for 309 Baltic Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    8
    Parking features
    Garage
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    J225503000002100
    Size
    5,120 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12151

    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 agent Jaime Lee Gonzalez

    Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX

    Listing date Dec 21, 2025

    MLS# 489005 Listing URL

    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 0.3005 acres. This property represents an investment opportunity.

    Key Highlights

    • Prime Edinburg location near UTRGV, shopping, and restaurants.
    • Four 2‑bedroom, 2‑bath units.
    • Tile flooring throughout each unit.

    Local 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 (±1% cap)
    NOI $48,099 @ 7.0% cap · market cap 9.39%
    Second Best
    Apartment 5plus
    $614.1K
    $537.3K – $716.4K (±1% cap)
    NOI $42,984 @ 7.0% cap · market cap 8.40%
    Theoretical Best
    Office A
    $1.33M
    $1.16M – $1.55M (±1% cap)
    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

    Suggested Use

    Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Hair Salon (Bike/Boat/Book/etc) Store Carpet & Flooring Store Veterinary Clinic Hotel & Motel HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property near UTRGV, shopping, and restaurants in Edinburg.
    Where is this quadplex located?
    The property is located at 309 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.; Four 2‑bedroom, 2‑bath units.; Tile flooring throughout each unit.
    Contact an agent
    (956) 599-8400
    We can help!
    Contact an agent
    Jaime Lee Gonzalez
    Jaime Lee Gonzalez
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