Fourplex with In-Unit
1904 Jason Ave Edinburg, TX 78539
New
For Sale
$310,000
Four one-bedroom, one-bath units with washer, dryer, refrigerator, and stove; fully occupied.
Property Size3,000 SF
Price / SF$103.33
Days on Market7
Property Features for 1904 Jason Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1993
Listing Agency:
Key Realty
(956) 225-5295
Listed By:
Stephen Smith
Source:
Aregtx
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 25 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Key Realty
Investment Insights
Based on property information with market context.
This four-plex offers four one-bedroom, one-bath units, each equipped with a washer, dryer, refrigerator, and stove. The property is fully occupied, providing immediate rental income, and showings are available by appointment only with advance notice and a pre-approval letter required.
Located in Edinburg, the property is described as being near UTRGV and popular shopping, restaurants, and gyms, with the Edinburg Skate Park, splash pad, and baseball fields directly across.
The seller also has three additional four-plexes available and prefers to sell all four properties together as a single transaction.
Located in Edinburg, the property is described as being near UTRGV and popular shopping, restaurants, and gyms, with the Edinburg Skate Park, splash pad, and baseball fields directly across.
The seller also has three additional four-plexes available and prefers to sell all four properties together as a single transaction.
Key Highlights
- Four‑plex built in 1993 in Edinburg, TX
- Four 1‑bed, 1‑bath units (4 units total)
- Each unit includes a washer, dryer, refrigerator, and stove
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 | $41.4k | $13.80 |
| − Vacancy | −$1.1k | −$0.38 |
| EGI | $40.3k | $13.42 |
| − OpEx | −$12.1k | −$4.03 |
| NOI | $28.2k | $9.39 |
3,000 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$402.6K
$352.3K – $469.7K
NOI $28,183 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$359.8K
$314.8K – $419.8K
NOI $25,186 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$778.4K
$681.1K – $908.2K
NOI $54,490 @ 7.0% cap · market cap 17.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four one-bedroom, one-bath units with washer, dryer, refrigerator, and stove; fully occupied.
Where is this quadplex located?
The property is located at 1904 Jason Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Four‑plex built in 1993 in Edinburg, TX; Four 1‑bed, 1‑bath units (4 units total); Each unit includes a washer, dryer, refrigerator, and stove
