Modern Edinburg Fourplex Investment
415 Carlisle Avenue Edinburg, TX 78539
415 Carlisle Avenue, Edinburg, TX, 78539
$499,000
For Sale
$499,000
MULTI_FAMILY - Edinburg, TX
Property Size4,020 SF
Lot Size0.23 Acres
Price / SF$124.13
Days on Market192
Property Features for 415 Carlisle Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Patio
- Exterior features
- Mature Trees
- Appliances
- Electric Water Heater, Electric Cooktop, Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- M566501000003700
- Size
- 4,020 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8802
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
BIG Realty
(956) 465-0011
4847 S Jackson Rd., Pharr, TX
Listed by
Miguel Gutierrez
(956) 844-1600
Added: Jan 5 Checked: Jul 16 at 11:06 pm
MLS# 480471
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.
Located in the Mon Mack Landing community of Edinburg, Texas, this modern fourplex at 415 Carlisle Ave offers a turnkey investment opportunity. Constructed in 2018, the property features over 4,000 square feet of living space situated on a 10,080 square foot lot (0.2314 acres). Each of the four units includes tile flooring throughout, granite countertops, stainless steel appliances, and a spacious kitchen island. The main bedrooms are equipped with walk-in closets. Carport parking is available, and the property is located within a gated community, providing secure access for tenants. This well-maintained property offers both style and convenience in a prime location.
Key Highlights
- Turnkey 4‑plex investment property in a prime Edinburg location.
- Located in the secure, gated Mon Mack Landing community.
- Each unit features modern amenities: granite countertops, stainless steel appliances, and tile flooring.
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 | $55.5k | $13.80 |
| − Vacancy | −$1.5k | −$0.38 |
| EGI | $54.0k | $13.42 |
| − OpEx | −$16.2k | −$4.03 |
| NOI | $37.8k | $9.39 |
4,020 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$539.5K
$472.1K – $629.4K
NOI $37,765 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$482.1K
$421.9K – $562.5K
NOI $33,749 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$1.04M
$912.7K – $1.22M
NOI $73,016 @ 7.0% cap · market cap 14.63%
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 with modern amenities in a gated community.
Where is this quadplex located?
The property is located at 415 Carlisle Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Turnkey 4‑plex investment property in a prime Edinburg location.; Located in the secure, gated Mon Mack Landing community.; Each unit features modern amenities: granite countertops, stainless steel appliances, and tile flooring.
