Fourplex with Private
For Sale
$335,000
1407 W Carmen Avenue, Edinburg, TX 78541
Four two-bedroom residences each include covered parking and a private backyard.
Property Size3,604 SF
Price / SF$92.95
Days on Market10
Property Features for 1407 W Carmen Avenue
General Information
Standard status
Active
Size
3,604 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,709
Amenities
covered parking
private backyard
Building Details
Buildings
1
Listing Agency:
GRT Realty
(956) 254-0869
Listed By:
Christopher Gonzalez
(956) 545-3002
Source:
Exprealty
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 24 at 7:51PM
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 GRT Realty
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Investment Insights
Based on property information with market context.
This fourplex contains four units, each configured with 2 bedrooms and 2 bathrooms. Covered parking and a private backyard are provided for every residence. The property totals 3,604 square feet.
At 1407 W Carmen Avenue in Edinburg, the property is near The University of Texas Rio Grande Valley, shopping, dining, and major thoroughfares. The listing also notes a strong rental history.
At 1407 W Carmen Avenue in Edinburg, the property is near The University of Texas Rio Grande Valley, shopping, dining, and major thoroughfares. The listing also notes a strong rental history.
Key Highlights
- Four units, each with 2 bedrooms and 2 bathrooms
- 3,604‑square‑foot multifamily property
- Covered parking and a private backyard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,257
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,140
$605.1K
Cap Rate 7%
$432,243
$432.2K
Cap Rate 9%
$336,189
$336.2K
Market Conditions
NOI Build-Up for 3,604 SF
Gross rent
$56.7K $15.72/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$55.0K $15.26/SF
− OpEx
−$24.8K −$6.87/SF
NOI
$30.3K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,140
Cap Rate 7%
$432,243
Cap Rate 9%
$336,189
Alternative Uses
Best Use
Multifamily LT 5
$483.7K
$423.2K – $564.3K
NOI $33,857 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$432.2K
$378.2K – $504.3K
NOI $30,257 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$935.1K
$818.3K – $1.09M
NOI $65,460 @ 7.0% cap · market cap 19.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
76
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences each include covered parking and a private backyard.
Where is this quadplex located?
The property is located at 1407 W Carmen Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms; 3,604‑square‑foot multifamily property; Covered parking and a private backyard for each unit
