Fourplex with Garage
New
For Sale
$510,000
1018 N Blair Avenue, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,020 SF
Lot Size0.22 Acres
Price / SF$126.87
Days on Market5
Property Features for 1018 N Blair Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Water Heater (Other Location), Dishwasher, Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Atwood Village
Lot features
Curb & Gutters, Professional Landscaping, Sidewalks
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
A635000000003100
Size
4,020 SF
Lot size
0.22 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9277
HOA Fee
$600 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Buildings
1
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Omar Govea · License #805648479
(956) 929-2345
Added: Oct 30
Last Checked: Nov 3 at 3:06PM
MLS# 518640
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 fourplex contains four apartments across 4,020 square feet. The unit mix includes two two-bedroom, two-bathroom residences and two three-bedroom, two-bathroom residences. Stucco construction, central heating and air conditioning, and garage parking are among the building features. Appliances include a dishwasher, dryer, refrigerator, electric range, and washer; the property also has a sprinkler system and a composition roof.
The property occupies a 0.2204-acre parcel in Edinburg, Texas, near 10th Street. Its location provides access to shopping, dining, entertainment, hospitals, and schools. Public water serves the property.
The property occupies a 0.2204-acre parcel in Edinburg, Texas, near 10th Street. Its location provides access to shopping, dining, entertainment, hospitals, and schools. Public water serves the property.
Key Highlights
- Four apartments: two 2‑bedroom, 2‑bathroom units and two 3‑bedroom, 2‑bathroom units
- 4,020 square feet on a 0.2204‑acre parcel
- Fully leased
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
26
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A fully leased residential property offers a mix of two- and three-bedroom apartments.
Where is this quadplex located?
The property is located at 1018 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 apartments: two 2‑bedroom, 2‑bathroom units and two 3‑bedroom, 2‑bathroom units; 4,020 square feet on a 0.2204‑acre parcel; Fully leased
