Four-Unit
For Sale
$375,000
1207 Prosperity Drive, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size3,808 SF
Lot Size0.22 Acres
Price / SF$98.48
Days on Market204
Property Features for 1207 Prosperity Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Appliances
Electric Water Heater, Dishwasher, Refrigerator, Stove/Range, Washer
Subdivision
Queens Ridge Estates
Lot features
Sidewalks
Elementary school
Truman
Middle school
B.L. Garza
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Corner of W. Schunior Street and N Sugar Rd. Head North on N Sugar Rd, then turn right on W Chapin St heading East. Then turn left on Crescent Court. then left on Prosperity Drive. Property will be on your right-hand side.
Standard status
Active
APN
Q307000000000001300
Size
3,808 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6884
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Joshua I. Benavides
(956) 223-9200
Added: Mar 26
Changed: Oct 8
Last Checked: Oct 15 at 11:06AM
MLS# 494306
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.
Built in 2004, this 3,808-square-foot quadplex contains four residential units, each configured with two bedrooms and two full bathrooms. The brick building has composition roofing, central electric heating, and central air conditioning. Unit appliances include a dishwasher, refrigerator, stove/range, washer, and electric water heater. Public water serves the property, and no parking is identified in the available parking features.
The property occupies 0.2237 acres at 1207 Prosperity Drive in Edinburg, near W Chapin St. and N. Sugar Rd. UTRGV is a few blocks away, with dining, shopping, and major roads also identified in the surrounding area.
The property occupies 0.2237 acres at 1207 Prosperity Drive in Edinburg, near W Chapin St. and N. Sugar Rd. UTRGV is a few blocks away, with dining, shopping, and major roads also identified in the surrounding area.
Key Highlights
- Four‑unit quadplex with four 2‑bedroom, 2‑bath units
- 3,808 square feet on 0.2237 acres
- Built in 2004 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,969
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,380
$639.4K
Cap Rate 7%
$456,700
$456.7K
Cap Rate 9%
$355,211
$355.2K
Market Conditions
NOI Build-Up for 3,808 SF
Gross rent
$59.9K $15.72/SF
− Vacancy
−$1.7K −$0.46/SF
EGI
$58.1K $15.26/SF
− OpEx
−$26.2K −$6.87/SF
NOI
$32.0K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,380
Cap Rate 7%
$456,700
Cap Rate 9%
$355,211
Alternative Uses
Best Use
Multifamily LT 5
$511.1K
$447.2K – $596.2K
NOI $35,774 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$456.7K
$399.6K – $532.8K
NOI $31,969 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$988.1K
$864.6K – $1.15M
NOI $69,165 @ 7.0% cap · market cap 18.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
148
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Brick multifamily property with matching two-bedroom, two-bath residences near UTRGV and public water service.
Where is this quadplex located?
The property is located at 1207 Prosperity Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 2‑bedroom, 2‑bath units; 3,808 square feet on 0.2237 acres; Built in 2004 with brick construction
