Brand New Fourplex
For Sale
$490,000
1501 Shavano Drive, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Size4,140 SF
Lot Size0.25 Acres
Price / SF$118.36
Days on Market169
Property Features for 1501 Shavano Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
None
Patio and Porch features
Patio
Exterior features
Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Refrigerator, Stove/Range, Washer
Subdivision
Sugar Mills Estates
Lot features
Professional Landscaping, Sidewalks, Sprinkler System
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
Head west on E Chapin Rd toward Frontera Rd. Turn right onto N Sugar Rd. Subdivision will be on your right.
Standard status
Active
APN
S681500000000400
Size
4,140 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10057
HOA Fee
$750 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
private fenced backyards
stainless steel appliances
in-unit washer and dryer
covered carports
Building Details
Year built
2024
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Alliance Real Estate Group
(956) 340-4633
Listed By:
Emiliano Perez
(956) 777-9579
Added: Feb 11
Changed: Jul 30
Last Checked: Jul 30 at 5:06PM
MLS# 491457
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 for-sale fourplex property features newly built construction and a modern, open-concept layout within each unit. Interiors include wood-look tile flooring and a contemporary kitchen with custom cabinetry, quartz countertops, and a spacious island. Each unit is laid out with generously sized bedrooms, large closets, and primary suites with a frameless glass shower and walk-in closet.
Additional in-unit amenities include stainless steel appliances and an in-unit washer and dryer. Each unit also has its own private fenced backyard and a covered carport.
The property consists of a four-unit configuration designed for residential income use. Additional basic site details provided include a lot size of 0.2534 acres and total property size of 4,140 square feet.
Additional in-unit amenities include stainless steel appliances and an in-unit washer and dryer. Each unit also has its own private fenced backyard and a covered carport.
The property consists of a four-unit configuration designed for residential income use. Additional basic site details provided include a lot size of 0.2534 acres and total property size of 4,140 square feet.
Key Highlights
- Newly built 4‑plex with Year Built 2024 construction
- Each unit offers a private fenced backyard plus a patio
- Open‑concept interiors with wood‑look tile flooring and a kitchen with custom cabinetry, quartz countertops, and a spacious island
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 | $57.1k | $13.80 |
| − Vacancy | −$1.6k | −$0.38 |
| EGI | $55.6k | $13.42 |
| − OpEx | −$16.7k | −$4.03 |
| NOI | $38.9k | $9.39 |
4,140 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$555.6K
$486.2K – $648.2K
NOI $38,893 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$496.5K
$434.5K – $579.3K
NOI $34,756 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$1.07M
$940.0K – $1.25M
NOI $75,196 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
54
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Newly built fourplexes offer four residential units with covered carports and private fenced backyards.
Where is this quadplex located?
The property is located at 1501 Shavano Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Newly built 4‑plex with Year Built 2024 construction; Each unit offers a private fenced backyard plus a patio; Open‑concept interiors with wood‑look tile flooring and a kitchen with custom cabinetry, quartz countertops, and a spacious island
