Fourplex with Mixed Unit
New
For Sale
$510,000
1006 N Blair Avenue, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,020 SF
Lot Size0.22 Acres
Price / SF$126.87
Days on Market2
Property Features for 1006 N Blair Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Exterior features
Mature Trees, Sprinkler System
Appliances
Electric Water Heater, Water Heater (Other Location), Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Atwood Village
Lot features
Mature Trees, Professional Landscaping, Sidewalks, Sprinkler System
Elementary school
Flores-Zapata
Middle school
Longoria
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Driving on 10th st turn left on W Schunior St, Turn right on Clarence Dr, Turn Left on Huckleberry St, Turn right on Blair Ave, Property will be on your right hand side.
Standard status
Active
APN
A635000000003300
Size
4,020 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9216
HOA Fee
$600 Annually
Utilities
Heating system
Central, Zoned
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Buildings
1
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Omar Govea · License #805648479
(956) 929-2345
Added: Oct 30
Last Checked: Oct 31 at 7:06PM
MLS# 518809
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.
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Investment Insights
Based on property information with market context.
Built in 2023, this 4,020-square-foot fourplex contains four residences: two with two bedrooms and two bathrooms, and two with three bedrooms and two bathrooms. The building has stucco construction, a shingle roof, garage parking, and central, zoned heating and cooling. Mature trees and a sprinkler system are among the exterior features. Listed appliances include a washer, dryer, refrigerator, and electric range, along with water heaters.
The 0.2204-acre property is at 1006 N Blair Avenue in Edinburg, just off 10th Street. Shopping, dining, entertainment, hospitals, and schools are accessible from the area.
The 0.2204-acre property is at 1006 N Blair Avenue in Edinburg, just off 10th Street. Shopping, dining, entertainment, hospitals, and schools are accessible from the area.
Key Highlights
- Four residences in a two- and three‑bedroom mix; all have two bathrooms
- 4,020 square feet on a 0.2204‑acre lot
- Built in 2023 with stucco construction and a shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,765
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,300
$755.3K
Cap Rate 7%
$539,500
$539.5K
Cap Rate 9%
$419,611
$419.6K
Market Conditions
NOI Build-Up for 4,020 SF
Gross rent
$55.5K $13.80/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$54.0K $13.42/SF
− OpEx
−$16.2K −$4.03/SF
NOI
$37.8K $9.39/SF
Area
Edinburg, TX
Vacancy
2.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,300
Cap Rate 7%
$539,500
Cap Rate 9%
$419,611
Alternative Uses
Best Use
Multifamily LT 5
$539.5K
$472.1K – $629.4K
NOI $37,765 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$482.1K
$421.9K – $562.5K
NOI $33,749 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.04M
$912.7K – $1.22M
NOI $73,016 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
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Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix pairs two- and three-bedroom residences, each with two bathrooms.
Where is this quadplex located?
The property is located at 1006 N Blair Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Four residences in a two- and three‑bedroom mix; all have two bathrooms; 4,020 square feet on a 0.2204‑acre lot; Built in 2023 with stucco construction and a shingle roof
