Edinburg Fourplex in Prime
822 N Clarence Avenue Edinburg, TX 78541
822 N Clarence Avenue, Edinburg, TX, 78541
$650,000
For Sale
$650,000
MULTI_FAMILY - Edinburg, TX
Property Size4,030 SF
Lot Size0.23 Acres
Price / SF$161.29
Days on Market75
Property Features for 822 N Clarence 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, Dryer, Microwave, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- A635000000006300
- Size
- 4,030 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9146
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stone, Stucco
- Roof type
- Composition
Listing Agency
eXp Realty LLC
(888) 519-7431
9600 Great Hills Trail #150w, Austin, TX
Listed by
Mario E. Baez · License #616428
(956) 827-0170
Added: May 6 Checked: Jul 19 at 4:06 am
MLS# 503710
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 Edinburg, Texas, this fourplex is a fully rented, income-producing property. It is situated approximately 6 minutes from UTRGV and about 10 minutes from H-E-B, offering convenient access to schools, shopping, restaurants, and major roads. The property features four units, each with 2 bedrooms and 2 baths. The property is 100% occupied and located in a growing area. The lot size is 0.2284 acres, and the property size is 4030 square feet.
Key Highlights
- 2023‑built fully rented fourplex with four 2‑bedroom, 2‑bath units
- Central air and electric heating, plus electric water heater
- Garage parking and a patio for residents
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 | $55.6k | $13.80 |
| − Vacancy | −$1.5k | −$0.38 |
| EGI | $54.1k | $13.42 |
| − OpEx | −$16.2k | −$4.03 |
| NOI | $37.9k | $9.39 |
4,030 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$540.8K
$473.2K – $631.0K
NOI $37,859 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$483.3K
$422.9K – $563.9K
NOI $33,833 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.05M
$915.0K – $1.22M
NOI $73,198 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Fully rented fourplex near UTRGV, schools, shopping, and restaurants.
Where is this quadplex located?
The property is located at 822 N Clarence Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2023‑built fully rented fourplex with four 2‑bedroom, 2‑bath units; Central air and electric heating, plus electric water heater; Garage parking and a patio for residents
