Furnished Quadplex with Storage
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 Market239
Property Features for 316 S Monmack Road
General Information
Property type
Residential Multi Family
Property subtype
Other
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
Central Air, Window Unit(s)
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: Sep 12
Last Checked: Sep 19 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This 3,066-square-foot quadplex property occupies 0.96 acres and includes four homes, two storage sheds, and furnishings that convey with the sale. The residential configuration includes a 2022-built furnished 2-bedroom, 2-bath home, along with additional homes offering 3 bedrooms and 2 baths, 3 bedrooms and 1 bath, and 1 bedroom and 1 bath. The 2022 residence is described as rent-ready, while leases are already in place for the other three homes.
Infrastructure includes four electric meters, one water meter, and four septic systems. The property is served by public water and includes central heating, central air, and window-unit cooling. Wood-frame construction, shingle roofing, and a deck complete the primary physical details. Two storage sheds contain remodeling materials intended for future property improvements.
Infrastructure includes four electric meters, one water meter, and four septic systems. The property is served by public water and includes central heating, central air, and window-unit cooling. Wood-frame construction, shingle roofing, and a deck complete the primary physical details. Two storage sheds contain remodeling materials intended for future property improvements.
Key Highlights
- Four homes with 2‑bedroom/2‑bath, 3‑bedroom/2‑bath, 3‑bedroom/1‑bath, and 1‑bedroom/1‑bath layouts
- 3,066 square feet on 0.96 acres
- 2022‑built furnished 2‑bedroom/2‑bath home
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
$28,803
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
8.86%
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%
$576,060
$576.1K
Cap Rate 7%
$411,471
$411.5K
Cap Rate 9%
$320,033
$320.0K
Market Conditions
NOI Build-Up for 3,066 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
$42.3K $13.80/SF
− Vacancy
−$1.2K −$0.38/SF
EGI
$41.1K $13.42/SF
− OpEx
−$12.3K −$4.03/SF
NOI
$28.8K $9.39/SF
Area
Edinburg, TX
Vacancy
2.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$576,060
Cap Rate 7%
$411,471
Cap Rate 9%
$320,033
Alternative Uses
Best Use
Multifamily LT 5
$411.5K
$360.0K – $480.1K
NOI $28,803 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$367.7K
$321.8K – $429.0K
NOI $25,740 @ 7.0% cap · market cap 7.92%
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 electric meters and four septic systems support independent property operations.
Where is this quadplex 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 with 2‑bedroom/2‑bath, 3‑bedroom/2‑bath, 3‑bedroom/1‑bath, and 1‑bedroom/1‑bath layouts; 3,066 square feet on 0.96 acres; 2022‑built furnished 2‑bedroom/2‑bath home
