Fourplex with Private
New
For Sale
$335,000
1407 W CARMEN AVE., Edinburg, TX 78541
Residential Income, EDINBURG, TX
Property Size3,604 SF
Lot Size0.24 Acres
Price / SF$92.95
Days on Market4
Property Features for 1407 W CARMEN AVE.
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Smoke Alarm(s)
Exterior features
Patio
Fencing
Privacy
Appliances
Range, Refrigerator
Subdivision
DAFFODIL ESTATES
Lot features
Curb & Gutter
Elementary school
TRUMAN
Middle school
B.L. GARZA
High school
EDINBURG NORTH
Elementary school district
EDINBURG I.S.D.
Middle school district
EDINBURG I.S.D.
High school district
EDINBURG I.S.D.
Standard status
Active
Size
3,604 SF
Lot size
0.24 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
covered parking
private backyard
Building Details
Year built
1996
Floors in Building
1
Number of units
4
Flooring type
Tile
Listing Agency:
GRT Realty
(956) 254-0869
Listed By:
Chris Gonzalez · License #0714282
(956) 545-3002
Added: Oct 15
Last Checked: Oct 18 at 8:06AM
MLS# 29780281
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1996, this fourplex contains 3,604 square feet across four residences. Each unit has two bedrooms and two bathrooms, along with covered parking and a private backyard. Interior finishes include tile flooring and ceiling fans; range and refrigerator appliances are provided. Central electric heating and cooling serve the building, and the property has a patio and privacy fencing.
The 0.24-acre property is in Edinburg near The University of Texas Rio Grande Valley, with shopping, dining, and major thoroughfares also nearby. Public water and public sewer serve the property.
The 0.24-acre property is in Edinburg near The University of Texas Rio Grande Valley, with shopping, dining, and major thoroughfares also nearby. Public water and public sewer serve the property.
Key Highlights
- Four residences, each configured with 2 bedrooms and 2 bathrooms
- 3,604‑square‑foot building on a 0.24‑acre lot
- Covered parking and a private backyard for each residence
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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Current Use
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, two bathrooms, covered parking, and its own backyard.
Where is this quadplex located?
The property is located at 1407 W CARMEN AVE. 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 residences, each configured with 2 bedrooms and 2 bathrooms; 3,604‑square‑foot building on a 0.24‑acre lot; Covered parking and a private backyard for each residence
