Newly Built
For Sale
$485,000
1308 Shavano, Edinburg, TX 78541
Four fully leased residences offer contemporary finishes, private yards, and covered carports in a gated subdivision.
Property Size3,648 SF
Price / SF$132.95
Days on Market62
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Property Features for 1308 Shavano
General Information
Standard status
Active
Size
3,648 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
gated
private fenced backyards
stainless steel appliances
washer and dryer
covered carports
Building Details
Year Built
2024
Tenancy
Multi
Listing Agency:
Nexus Rgv Adminstrative Group, Llc
Listed By:
Emiliano Perez · License #801070642
(956) 777-9579
Source:
Tnt
Added: Aug 15
Changed: Oct 13
Last Checked: Oct 14 at 8:11PM
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 Nexus Rgv Adminstrative Group, Llc
Investment Insights
Based on property information with market context.
Completed in 2024, this 3,648-square-foot quadplex contains four fully leased residences within a gated multifamily subdivision. Each unit is arranged around an open living concept and includes wood-look tile, custom cabinetry, quartz countertops, and a large kitchen island. The residences also feature generously sized bedrooms, substantial closets, stainless steel appliances, and in-unit washers and dryers. Primary suites include frameless glass showers and walk-in closets, while private fenced backyards and covered carports add outdoor and parking features.
The property is located at 1308 Shavano in Edinburg, near the University of Texas at RGV, Hidalgo Courthouse, and an expressway. Its four-unit configuration and existing leased status provide a clearly defined multifamily asset for ownership or continued rental operation.
The property is located at 1308 Shavano in Edinburg, near the University of Texas at RGV, Hidalgo Courthouse, and an expressway. Its four-unit configuration and existing leased status provide a clearly defined multifamily asset for ownership or continued rental operation.
Key Highlights
- 3,648‑square‑foot quadplex completed in 2024
- Four units are fully leased
- Gated multifamily subdivision near the University of Texas at RGV and Hidalgo Courthouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,271
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,420
$685.4K
Cap Rate 7%
$489,586
$489.6K
Cap Rate 9%
$380,789
$380.8K
Market Conditions
NOI Build-Up for 3,648 SF
Gross rent
$50.3K $13.80/SF
− Vacancy
−$1.4K −$0.38/SF
EGI
$49.0K $13.42/SF
− OpEx
−$14.7K −$4.03/SF
NOI
$34.3K $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%
$685,420
Cap Rate 7%
$489,586
Cap Rate 9%
$380,789
Alternative Uses
Best Use
Multifamily LT 5
$489.6K
$428.4K – $571.2K
NOI $34,271 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$437.5K
$382.8K – $510.4K
NOI $30,626 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$946.6K
$828.2K – $1.10M
NOI $66,259 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
147
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four fully leased residences offer contemporary finishes, private yards, and covered carports in a gated subdivision.
Where is this quadplex located?
The property is located at 1308 Shavano Edinburg, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 3,648‑square‑foot quadplex completed in 2024; Four units are fully leased; Gated multifamily subdivision near the University of Texas at RGV and Hidalgo Courthouse
