Edinburg Fourplex: Investor
409 Downing Avenue Edinburg, TX 78539
409 Downing Avenue, Edinburg, TX, 78539
$475,000
For Sale
$475,000
MULTI_FAMILY - Edinburg, TX
Property Size4,080 SF
Lot Size0.23 Acres
Price / SF$116.42
Days on Market79
Property Features for 409 Downing Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Patio
- Exterior features
- Sprinkler System
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Smooth Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- M566501000005800
- Size
- 4,080 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Annual Amount
- 9991
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2017
- Number of units
- 4
- Building materials
- Stone, Stucco
- Roof type
- Shingle
Listing agency
Key Realty
(956) 627-7552
Listed by
Preshina Samtani
(956) 460-7763
Added: May 5 Updated: Jun 10 at 1:32PM Checked: Jul 22 at 11:06AM
MLS# 474634
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 fourplex property in Edinburg, Texas, presents an investment opportunity. The property features a total of four units. There are two units with 3 bedrooms and 2 bathrooms each, and two units with 2 bedrooms and 2 bathrooms each. Each unit is equipped with appliances including a refrigerator, stove, microwave, washer, and dryer. Tile flooring is installed throughout each unit. The property is situated on a lot of 0.2314 acres and the building has 4,080 square feet of space. This property may be suitable for investors or first-time buyers. The property is move-in ready.
Key Highlights
- Fourplex built in 2017 with two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units
- Each unit has tile flooring and comes with a full appliance package: refrigerator, smooth cooktop/stove, microwave, washer, and dryer
- Central heating and central air with electric heating and electric cooling
Local Financial Insights For Multifamily LT 5
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 | $56.3k | $13.80 |
| − Vacancy | −$1.5k | −$0.38 |
| EGI | $54.8k | $13.42 |
| − OpEx | −$16.4k | −$4.03 |
| NOI | $38.3k | $9.39 |
4,080 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$547.6K
$479.1K – $638.8K
NOI $38,329 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$489.3K
$428.2K – $570.9K
NOI $34,253 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$1.06M
$926.3K – $1.24M
NOI $74,106 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex in Edinburg with strong income potential.
Where is this quadplex located?
The property is located at 409 Downing Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fourplex built in 2017 with two 3‑bedroom/2‑bath units and two 2‑bedroom/2‑bath units; Each unit has tile flooring and comes with a full appliance package: refrigerator, smooth cooktop/stove, microwave, washer, and dryer; Central heating and central air with electric heating and electric cooling
