Edinburg Fourplex Near
For Sale
$390,000
1405 Prosperity Drive, Edinburg, TX 78539
MULTI_FAMILY - Edinburg, TX
Property Size3,808 SF
Lot Size0.22 Acres
Price / SF$102.42
Days on Market138
Property Features for 1405 Prosperity Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
None
Exterior features
Mature Trees
Appliances
Electric Water Heater, Smooth Electric Cooktop, Dishwasher, Dryer, Oven-Microwave, Refrigerator, Washer
Subdivision
Queens Ridge Estates
Lot features
Curb & Gutters, Mature Trees, 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
NORTH ON SUGAR RD , FROM CHAPIN , EAST ON PROSPERITY .
Standard status
Active
APN
Q307000000000800
Size
3,808 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9089
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Ronaldo Lacayo
(956) 578-5733
Added: Mar 21
Changed: Jul 29
Last Checked: Aug 5 at 5:06AM
MLS# 430983
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.
This fourplex property, located in Edinburg, Texas, features a functional floor plan with two bedrooms and two complete bathrooms in each unit. The property benefits from a relatively new roof, new air conditioners, and new water heaters. Situated in a favorable location, the fourplex is positioned just blocks away from the University of Texas Rio Grande Valley (UTRGV) and is in close proximity to restaurants and shopping centers. The property size is 3808 square feet, situated on a lot of 0.2218 acres.
Key Highlights
- Excellent location, blocks from UTRGV and close to restaurants and shopping.
- Updated major systems include a new roof, air conditioners, and water heaters.
- Great 4‑plex income property investment opportunity.
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 | $52.6k | $13.80 |
| − Vacancy | −$1.4k | −$0.38 |
| EGI | $51.1k | $13.42 |
| − OpEx | −$15.3k | −$4.03 |
| NOI | $35.8k | $9.39 |
3,808 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$511.1K
$447.2K – $596.2K
NOI $35,774 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$456.7K
$399.6K – $532.8K
NOI $31,969 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$988.1K
$864.6K – $1.15M
NOI $69,165 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
151
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?
Quadplex - Fourplex with new roof, AC, and water heaters near UTRGV.
Where is this quadplex located?
The property is located at 1405 Prosperity Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Excellent location, blocks from UTRGV and close to restaurants and shopping.; Updated major systems include a new roof, air conditioners, and water heaters.; Great 4‑plex income property investment opportunity.
