2024 Quadplex with
For Sale
$535,000
1007 Clarence Avenue, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,200 SF
Lot Size0.22 Acres
Price / SF$127.38
Days on Market131
Property Features for 1007 Clarence Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Patio and Porch features
Porch, Patio
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Atwood Village
Lot features
Alley, Sidewalks, Sprinkler System
Elementary school
Flores
Middle school
Longoria
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
https://maps.app.goo.gl/9qMQXSFv2gQPiNBEA
Standard status
Active
APN
A635000000005000
Size
4,200 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9462
HOA Fee
$500 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
privacy-fenced backyard
dedicated storage
Building Details
Year built
2024
Floors in Building
1
Number of units
4
Building materials
Stone, Stucco
Roof type
Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Victor Fuentes
(956) 432-1351
Added: Jun 10
Changed: Sep 29
Last Checked: Oct 18 at 9:06PM
MLS# 506224
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.
This quadplex was completed in 2024 and contains 4,200 square feet on a 0.2204-acre parcel. The property has stone and stucco construction, a shingle roof, central heating and central air, public water, and garage parking. Patios, porches, a sprinkler system, and a privacy-fenced backyard with mature oak trees add exterior features, while dedicated storage is also included. The appliance package includes electric cooking, refrigeration, microwave, washer, dryer, and water-heating equipment.
The property is in Edinburg near UTRGV, Expressway 83, Edinburg CCISD schools, and medical facilities along US-281. UTRGV is approximately 8 minutes away. It is reported as fully leased, with a 90% historical occupancy rate and a projected 7.6% cap rate.
The property is in Edinburg near UTRGV, Expressway 83, Edinburg CCISD schools, and medical facilities along US-281. UTRGV is approximately 8 minutes away. It is reported as fully leased, with a 90% historical occupancy rate and a projected 7.6% cap rate.
Key Highlights
- Quadplex completed in 2024
- 4,200 square feet on a 0.2204‑acre parcel
- Garage parking with patios and porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,456
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,120
$789.1K
Cap Rate 7%
$563,657
$563.7K
Cap Rate 9%
$438,400
$438.4K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$58.0K $13.80/SF
− Vacancy
−$1.6K −$0.38/SF
EGI
$56.4K $13.42/SF
− OpEx
−$16.9K −$4.03/SF
NOI
$39.5K $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%
$789,120
Cap Rate 7%
$563,657
Cap Rate 9%
$438,400
Alternative Uses
Best Use
Multifamily LT 5
$563.7K
$493.2K – $657.6K
NOI $39,456 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$1.09M
$953.6K – $1.27M
NOI $76,285 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2024 with central HVAC, garage parking, and outdoor patio and porch areas.
Where is this quadplex located?
The property is located at 1007 Clarence Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Quadplex completed in 2024; 4,200 square feet on a 0.2204‑acre parcel; Garage parking with patios and porches
