Four-Unit Condominium
New
For Sale
$885,000
1116 E Santa Rosa Street, Edinburg, TX 78542
Residential Income, Edinburg, TX
Property Size5,400 SF
Lot Size0.18 Acres
Price / SF$163.89
Days on Market2
Property Features for 1116 E Santa Rosa Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking
8
Parking features
None
Patio and Porch features
Patio
Appliances
Electric Water Heater
Subdivision
Las Magnolias
Lot features
Curb & Gutters, Sidewalks, Sprinkler System
Elementary school
Escandon
Middle school
South Middle School
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From the expressway take Trenton Rd exit and head east, turn left onto Veterans Blvd and head north. Subdivision will be on the left hand side
Standard status
Active
APN
L320900000000701
Size
5,400 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4682
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Number of units
4
Building materials
Stone, Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Oct 14
Last Checked: Oct 15 at 12:06PM
MLS# 516721
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 under-construction quadplex is planned with four residences, each offering 3 bedrooms and 2.5 bathrooms. The 5,400-square-foot property includes open-concept living areas and patios. Construction materials include stone and stucco, with a shingle roof. Central electric heating and central air are specified, along with an electric water heater and public water service. Completion is projected for 2026.
The property is in Edinburg, with access to Expressway 281. Shopping centers, restaurants, and everyday amenities are described as nearby.
The property is in Edinburg, with access to Expressway 281. Shopping centers, restaurants, and everyday amenities are described as nearby.
Key Highlights
- Four residences, each with 3 bedrooms and 2.5 bathrooms
- 5,400 square feet on 0.1837 acres
- Under construction; year built listed as 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,729
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,580
$1.0M
Cap Rate 7%
$724,700
$724.7K
Cap Rate 9%
$563,656
$563.7K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$74.5K $13.80/SF
− Vacancy
−$2.0K −$0.38/SF
EGI
$72.5K $13.42/SF
− OpEx
−$21.7K −$4.03/SF
NOI
$50.7K $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%
$1,014,580
Cap Rate 7%
$724,700
Cap Rate 9%
$563,656
Alternative Uses
Best Use
Multifamily LT 5
$724.7K
$634.1K – $845.5K
NOI $50,729 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$647.6K
$566.7K – $755.6K
NOI $45,334 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,081 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 78542, TX
84,678
Population
25,198
Households
3.4
Avg Household Size
28
Median Age
13%
College-Educated
64%
High-School Grad
176.0 sq mi
ZIP Area
481
Density / Sq Mi
$52,962
Median Household Income
$30,377
Median Earnings
$876
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has three bedrooms, 2.5 bathrooms, and an open-concept living area.
Where is this quadplex located?
The property is located at 1116 E Santa Rosa Street Edinburg, TX.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Four residences, each with 3 bedrooms and 2.5 bathrooms; 5,400 square feet on 0.1837 acres; Under construction; year built listed as 2026
