Brick Six-Plex with Covered
1301 Sal Street Edinburg, TX 78539
New
For Sale
Contact for pricing
Fully leased six-plex with brick exterior and covered parking for each unit, generating approximately $59,400 in annual gross rent.
Property Size5,354 SF
Price / SF$116.74
Days on Market7
Property Features for 1301 Sal Street
General Information
- Standard status
- Active
- Size
- 5,354 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2005
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Avinaash Buxani · License #TREC # 0712106
Source:
Crexi
Added: Jul 21
Changed: Jul 26
Last Checked: Jul 26 at 2:24AM
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 Encore Fine Properties
Investment Insights
Based on property information with market context.
This fully leased six-plex offers a straightforward, low-maintenance multifamily investment setup with a durable brick exterior. Covered parking is provided for each unit, supporting an easier day-to-day living experience for residents. The property is currently generating approximately $59,400 in annual gross rental income.
Located in Edinburg, Texas, the property is just minutes from UTRGV, helping position the community for steady renter demand.
With six rental units in place and the building maintained for long-term occupancy, this is offered as an income-producing, fully occupied asset.
Located in Edinburg, Texas, the property is just minutes from UTRGV, helping position the community for steady renter demand.
With six rental units in place and the building maintained for long-term occupancy, this is offered as an income-producing, fully occupied asset.
Key Highlights
- Fully leased six‑plex built in 2005
- Brick exterior for low‑maintenance ownership
- Approximately $59,400 in annual gross rental income
Financial Insights For Apartment 5plus
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 | $84.2k | $15.72 |
| − Vacancy | −$2.4k | −$0.46 |
| EGI | $81.7k | $15.26 |
| − OpEx | −$36.8k | −$6.87 |
| NOI | $44.9k | $8.40 |
5,354 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$642.1K
$561.9K – $749.1K
NOI $44,948 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,246 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully leased six-plex with brick exterior and covered parking for each unit, generating approximately $59,400 in annual gross rent.
Where is this apartment building located?
The property is located at 1301 Sal Street Edinburg, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fully leased six‑plex built in 2005; Brick exterior for low‑maintenance ownership; Approximately $59,400 in annual gross rental income
