4-Home Multifamily
For Sale
$325,000
316 S Monmack Road, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size3,066 SF
Lot Size0.96 Acres
Price / SF$106
Days on Market286
Property Features for 316 S Monmack Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
None
Patio and Porch features
Deck
Appliances
Water Heater (Other Location), Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Tex-Mex Survey
Lot features
Irregular Lot
Elementary school
Trevino
Middle school
Longoria
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Driving north on 10th St,Turn East on 107, Turn South on Monmack, Home will be directly on the East side.
Standard status
Active
APN
T210000276001205
Size
3,066 SF
Lot size
0.96 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6086
Utilities
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Frame/Wood
Roof type
Shingle
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Israel Esquivel
(956) 655-5715
Added: Jan 23
Changed: Oct 19
Last Checked: Nov 4 at 1:06PM
MLS# 486344
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.
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Investment Insights
Based on property information with market context.
Four homes occupy a 0.96-acre parcel, with a combined property size of 3,066 square feet. The residences include layouts of 2 bedrooms and 2 bathrooms, 3 bedrooms and 2 bathrooms, 3 bedrooms and 1 bathroom, and 1 bedroom and 1 bathroom. The 2-bedroom, 2-bathroom home was built in 2022 and is furnished. Furniture conveys, and two storage sheds contain remodeling materials.
The property has four electric meters, one public water meter, and four septic systems. Central heating is present, while cooling includes central air and window units. Additional features include a deck, wood-frame construction, and a shingle roof. Three homes have leases in place, and all four homes are described as occupied.
The property has four electric meters, one public water meter, and four septic systems. Central heating is present, while cooling includes central air and window units. Additional features include a deck, wood-frame construction, and a shingle roof. Three homes have leases in place, and all four homes are described as occupied.
Key Highlights
- Four homes on a 0.96‑acre parcel; combined property size is 3,066 square feet
- Four electric meters, one public water meter, and four septic systems
- Home layouts: 2‑bedroom/2‑bathroom, 3‑bedroom/2‑bathroom, 3‑bedroom/1‑bathroom, and 1‑bedroom/1‑bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,740
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,800
$514.8K
Cap Rate 7%
$367,714
$367.7K
Cap Rate 9%
$286,000
$286.0K
Market Conditions
NOI Build-Up for 3,066 SF
Gross rent
$48.2K $15.72/SF
− Vacancy
−$1.4K −$0.46/SF
EGI
$46.8K $15.26/SF
− OpEx
−$21.1K −$6.87/SF
NOI
$25.7K $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 Rate 5%
$514,800
Cap Rate 7%
$367,714
Cap Rate 9%
$286,000
Alternative Uses
Best Use
Apartment 5plus
$367.7K
$321.8K – $429.0K
NOI $25,740 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$795.5K
$696.1K – $928.1K
NOI $55,688 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
200
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four residences have individual electric meters and septic systems, with public water service.
Where is this multifamily property located?
The property is located at 316 S Monmack Road Edinburg, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four homes on a 0.96‑acre parcel; combined property size is 3,066 square feet; Four electric meters, one public water meter, and four septic systems; Home layouts: 2‑bedroom/2‑bathroom, 3‑bedroom/2‑bathroom, 3‑bedroom/1‑bathroom, and 1‑bedroom/1‑bathroom
