Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3523 W Sprague St Edinburg, TX 78539

    Sponsored
    For Sale
    $2,330,000

    MULTI_FAMILY - Edinburg, TX

    Property size:
    16,498 SF
    Lot size:
    0.57 Acres
    Days on Market:
    43
    Last Refresh:
    Feb 1 at 5:06 am

    Property Features for 3523 W Sprague St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    M572600000000100
    Parking
    22
    Parking features
    Garage
    Appliances
    Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
    Size
    16,498 SF
    Lot size
    0.57 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2018
    Floors in Building
    3
    Number of units
    11
    Building materials
    Stone, Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Jaime Gonzalez

    RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV (956) 566-8377

    Listing agent Jaime Lee Gonzalez (956) 599-8400

    Listing date Dec 21, 2025

    MLS# 481131

    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.

    Learn more

    Property Insight Report

    Overview

    Edinburg Multifamily Investment Opportunity

    This income-producing multifamily property is located in close proximity to schools, restaurants, and the University of Texas Rio Grande Valley (UTRGV). The property consists of 11 modern-contemporary townhomes featuring an open-concept layout. The units are equipped with large tile flooring, ceiling fans, and spacious kitchens that include islands and stainless steel appliances. Each unit also has a washer and dryer. The property includes 6 units with 3 bedrooms and 2.5 bathrooms, and 5 units with 2 bedrooms and 2.5 bathrooms. The property is situated on a 0.573-acre lot and the building size is 16498 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.202767
    Latitude
    26.299908

    Nearby Similar for Sale

    • $515,000
      4,234 SF

      Edinburg Fourplex Near UTRGV

      Meticulously maintained fourplex near UTRGV with strong rental history.
      3420 Golden Nugget, Edinburg, TX 78541
      View Details
    • New
      $1,320,000
      3,966 SF

      Edinburg Commercial Property For Sale

      Commercial property in Edinburg, ideal for professional or office use.
      506 W University Dr, Edinburg, TX 78539
      View Details
    • $3,990,000
      19,584 SF

      Versatile Industrial Property in Edinburg

      19,000+ sq ft building on 3.75+ acres in Edinburg.
      101 Pennzoil Loop S, Edinburg, TX 78542
      View Details
    • New
      $750,000
      3,966 SF

      Edinburg Multifamily Investment Opportunity

      New Edinburg multifamily complex near UTRGV with modern features.
      2616 Fern Ave, Edinburg, TX 78541
      View Details
    • $540,000
      4,200 SF

      Edinburg Fourplex: Income-Producing Investment

      Fully rented fourplex in Edinburg, near UTRGV and HEB.
      1007 Clarence Ave, Edinburg, TX 78541
      View Details
    • $474,050
      3,960 SF

      Turnkey Edinburg Fourplex Near UTRGV

      Cash-flowing short-term rental property near UTRGV with assumable mortgage.
      408 Teague Ave, Edinburg, TX 78539
      View Details
    • $499,000
      4,020 SF

      Modern Edinburg Fourplex Investment Property

      Well-maintained fourplex with modern amenities in a gated community.
      415 Carlisle Ave, Edinburg, TX 78539
      View Details
    • $260,000
      1,976 SF

      Edinburg Multifamily Investment Opportunity

      Multifamily property near UTRGV, offering steady rental income.
      820 N 6Th Ave, Edinburg, TX 78541
      View Details
    • $225,000
      1,856 SF

      Edinburg Duplex Near UTRGV

      Well-maintained duplex near UTRGV, perfect for investors.
      905 N 6Th Ave, Edinburg, TX 78541
      View Details
    • New
      $450,000
      8,375 SF

      Remodeled Apartment Complex Investment

      Newly remodeled 10-unit apartment complex in Edinburg, Texas.
      7504 Us Highway 281, Edinburg, TX 78542
      View Details
    • New
      $379,000
      4,200 SF

      Fully Leased Edinburg Fourplex

      High-yield, low-maintenance fourplex in a rapidly growing area.
      3810 W Sarah Evans St, Edinburg, TX 78541
      View Details
    • $2,000,000
      4,084 SF

      Edinburg Commercial Trucking Facility

      10-acre commercial trucking facility with warehouse, parking, and residence.
      2302 E Ingle Rd, Edinburg, TX 78542
      View Details

    FAQs

    What type of property is this?
    Apartment building - Income-producing property near schools, restaurants, and UTRGV.
    Where is this apartment building located?
    The property is located at 3523 W Sprague St Edinburg, TX.
    What is the asking price?
    The asking price for this property is $2,330,000.
    What are key features of this property?
    This property features: - Income-producing property with 11 modern townhomes.; - Prime location near schools, restaurants, and UTRGV.; - Open-concept layout with spacious kitchens and islands.
    (956) 566-8377
    Request Owner's contact information
    3523 W Sprague St Edinburg, TX 78539
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3523 W Sprague St
    Edinburg, TX 78539
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3523 W Sprague St Edinburg, TX 78539
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jaime Gonzalez
    (956) 566-8377
    Learn more
    Google sign-in failed. Please try again or use another login method.