Fully Leased Multifamily
1007 Clarence Avenue Edinburg, TX 78541
1007 Clarence Avenue, Edinburg, TX, 78541
$535,000
For Sale
$535,000
MULTI_FAMILY - Edinburg, TX
Property Size4,200 SF
Lot Size0.22 Acres
Price / SF$127.38
Days on Market47
Property Features for 1007 Clarence Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Patio, Porch
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
- 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
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
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
4847 S Jackson Rd., Pharr, TX
Listed by
Victor Fuentes · License #574075
(956) 432-1351
Added: Jun 3 Checked: Jul 19 at 1:06 am
MLS# 506224
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.
This fully leased quadplex is positioned as an investor-focused income property, with a projected 7.6% cap rate and owner financing available. The configuration includes one 3-bedroom/2-bath unit and one 2-bedroom/2-bath unit, supporting a more diversified renter mix and smoothing vacancy risk across tenant turnover. The outdoor area features a privacy-fenced backyard with mature oak trees, along with dedicated storage for added day-to-day tenant utility. The property also maintains a 90% historical occupancy rate, reflecting steady performance for long-term income planning.
Located in Border Trace in Edinburg, the property is described as being about 8 minutes from UTRGV. It is also noted to be near Expressway 83, Edinburg CCISD schools, and medical facilities along US-281, placing it within a rental corridor that targets demand from students, faculty, and medical professionals.
For investors or buyers seeking a turn-key, income-producing asset with dual-unit flexibility, this quadplex offers an appealing balance of consistent occupancy and practical unit variety. With steady rental drivers identified in the surrounding area and the ability to leverage owner financing, it may fit well for buyers looking to generate cash flow from day one while managing tenant turnover effectively.
Located in Border Trace in Edinburg, the property is described as being about 8 minutes from UTRGV. It is also noted to be near Expressway 83, Edinburg CCISD schools, and medical facilities along US-281, placing it within a rental corridor that targets demand from students, faculty, and medical professionals.
For investors or buyers seeking a turn-key, income-producing asset with dual-unit flexibility, this quadplex offers an appealing balance of consistent occupancy and practical unit variety. With steady rental drivers identified in the surrounding area and the ability to leverage owner financing, it may fit well for buyers looking to generate cash flow from day one while managing tenant turnover effectively.
Key Highlights
- 2024‑built income property in Border Trace, Edinburg, projected 7.6% cap rate; owner financing available
- Fully leased with 90% historical occupancy rate
- Dual‑unit layout: one 3‑bedroom/2‑bath unit and one 2‑bedroom/2‑bath unit
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 | $58.0k | $13.80 |
| − Vacancy | −$1.6k | −$0.38 |
| EGI | $56.4k | $13.42 |
| − OpEx | −$16.9k | −$4.03 |
| NOI | $39.5k | $9.39 |
4,200 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
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 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 - A two-unit quadplex with 90% historical occupancy, designed for consistent income and lower vacancy risk.
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: 2024‑built income property in Border Trace, Edinburg, projected 7.6% cap rate; owner financing available; Fully leased with 90% historical occupancy rate; Dual‑unit layout: one 3‑bedroom/2‑bath unit and one 2‑bedroom/2‑bath unit
