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    Edinburg Multifamily Investment Opportunity

    3523 W Sprague Street Edinburg, TX 78539

    Claim this Listing
    For Sale
    $2,180,000

    MULTI_FAMILY - Edinburg, TX

    Property size:
    16,498 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $132.14/SF
    Added:
    May 4, 2026
    Days on Market:
    72
    Last Refresh:
    Jul 14 at 6:06 am

    Property Features for 3523 W Sprague Street

    General Information

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

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    50142

    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

    Listing agent Jaime Lee Gonzalez

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

    Listing date May 4, 2026

    MLS# 481131 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 income-producing multifamily property is located in a prime location near schools, restaurants, and UTRGV in Edinburg, Texas. The property consists of 11 modern-contemporary townhomes featuring an open-concept layout. The units include large tile flooring, ceiling fans, and spacious kitchens with islands. Stainless steel appliances and a washer & dryer are included in each unit. Six units have 3 bedrooms and 2.5 bathrooms, while five units have 2 bedrooms and 2.5 bathrooms. The property size is 16498 square feet and the lot size is 0.573 acres.

    Key Highlights

    • Income‑producing property with 11 modern townhomes.
    • Prime location near schools, restaurants, and UTRGV.
    • Open‑concept layout with spacious kitchens and islands.

    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 $259.3k $15.72
    − Vacancy −$7.5k −$0.46
    EGI $251.8k $15.26
    − OpEx −$113.3k −$6.87
    NOI $138.5k $8.40
    16,498 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.98M
    $1.73M – $2.31M (±1% cap)
    NOI $138,505 @ 7.0% cap · market cap 6.35%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $4.28M
    $3.75M – $4.99M (±1% cap)
    NOI $299,656 @ 7.0% cap · market cap 13.75%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Hair Salon Parking Lot & Garage Big Box & Wholesale Store Kitchen & Bath Showroom Grocery & Convenience Store Building Supply (Bike/Boat/Book/etc) Store Spa & Massage Center Auto Parts Store

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

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    FAQs

    What type of property is this?
    Apartment building - Income-producing property near UTRGV with modern townhomes.
    Where is this apartment building located?
    The property is located at 3523 W Sprague Street Edinburg, TX.
    What is the asking price?
    The asking price for this property is $2,180,000.
    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.
    Contact an agent
    (956) 599-8400
    We can help!
    Contact an agent
    Jaime Lee Gonzalez
    Jaime Lee Gonzalez
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