3-Unit Triplex Near
New
For Sale
$550,000
201 S 1st Ave, Edinburg, TX 78539
Three residences feature private bedrooms, updated finishes, and in-unit laundry appliances in a student-oriented location.
Property Size4,571 SF
Price / SF$120.32
Days on Market4
Property Features for 201 S 1st Ave
General Information
Standard status
Active
Size
4,571 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 3BR/2.5BA
Multifamily Units
3
Building Details
Year Built
2013
Listing Agency:
RE/MAX Hacienda
Listed By:
Hector M. Guerra · License #TREC#0341517
(956) 782-9222
Source:
Aregtx
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 6 at 10:18AM
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 RE/MAX Hacienda
Investment Insights
Based on property information with market context.
Built in 2013, this triplex contains three residences, each offering approximately 1,525 square feet of living area. Every unit includes three upstairs bedrooms, 2½ bathrooms, stainless steel stove, microwave and refrigerator, plus a standard white washer and dryer. Granite countertops run throughout the residences, while the main living spaces and bathrooms feature tile flooring and the bedrooms have laminate wood-style floors. The property contains approximately 4,571 square feet overall.
Located at 201 S 1st Ave in Edinburg, the property sits approximately two to three blocks from UTRGV. The three-unit configuration, individual laundry appliances and furnished kitchen packages provide a consistent setup across the residences.
Located at 201 S 1st Ave in Edinburg, the property sits approximately two to three blocks from UTRGV. The three-unit configuration, individual laundry appliances and furnished kitchen packages provide a consistent setup across the residences.
Key Highlights
- Three units, each with approximately 1,525 square feet of living area
- Each residence has 3 bedrooms and 2½ bathrooms
- Approximately 4,571 square feet overall
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,942
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$858,840
$858.8K
Cap Rate 7%
$613,457
$613.5K
Cap Rate 9%
$477,133
$477.1K
Market Conditions
NOI Build-Up for 4,571 SF
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.
Gross rent
$63.1K $13.80/SF
− Vacancy
−$1.7K −$0.38/SF
EGI
$61.3K $13.42/SF
− OpEx
−$18.4K −$4.03/SF
NOI
$42.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$858,840
Cap Rate 7%
$613,457
Cap Rate 9%
$477,133
Alternative Uses
Best Use
Multifamily LT 5
$613.5K
$536.8K – $715.7K
NOI $42,942 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$548.2K
$479.7K – $639.6K
NOI $38,375 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,024 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residences feature private bedrooms, updated finishes, and in-unit laundry appliances in a student-oriented location.
Where is this triplex located?
The property is located at 201 S 1st Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three units, each with approximately 1,525 square feet of living area; Each residence has 3 bedrooms and 2½ bathrooms; Approximately 4,571 square feet overall
