Four-Unit 2-Bedroom
For Sale
$375,000
1601 Tampa St, Edinburg, TX 78541
Fully leased quadplex with appliance-equipped units in Summer Winds subdivision.
Property Size4,088 SF
Price / SF$91.73
Days on Market87
Property Features for 1601 Tampa St
General Information
Standard status
Active
Size
4,088 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
2004
Buildings
1
Listing Agency:
Empower Realty Group
Listed By:
Daniel Diaz · License #TREC#0609682
(956) 332-3231
Source:
Aregtx
Added: Jul 20
Changed: Oct 3
Last Checked: Oct 12 at 11:47PM
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 Empower Realty Group
Investment Insights
Based on property information with market context.
Built in 2004, this quadplex contains four residential units, each arranged with two bedrooms and two bathrooms across approximately 1,022 square feet. Kitchen appliances are included in every unit, and all four residences are currently leased.
The property is located in the Summer Winds subdivision at 1601 Tampa St, Edinburg, TX 78541. Its setting places residents near UTRGV, shopping centers, and major highways. The property totals 4,088 square feet and offers a four-unit configuration within an established residential development.
The property is located in the Summer Winds subdivision at 1601 Tampa St, Edinburg, TX 78541. Its setting places residents near UTRGV, shopping centers, and major highways. The property totals 4,088 square feet and offers a four-unit configuration within an established residential development.
Key Highlights
- Four‑unit quadplex built in 2004
- Each unit offers 2 bedrooms and 2 bathrooms
- Approximately 1,022 sq. ft. per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,320
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,400
$686.4K
Cap Rate 7%
$490,286
$490.3K
Cap Rate 9%
$381,333
$381.3K
Market Conditions
NOI Build-Up for 4,088 SF
Gross rent
$64.3K $15.72/SF
− Vacancy
−$1.9K −$0.46/SF
EGI
$62.4K $15.26/SF
− OpEx
−$28.1K −$6.87/SF
NOI
$34.3K $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%
$686,400
Cap Rate 7%
$490,286
Cap Rate 9%
$381,333
Alternative Uses
Best Use
Multifamily LT 5
$548.6K
$480.1K – $640.1K
NOI $38,404 @ 7.0% cap · market cap 10.24%
Second Best
Apartment 5plus
$490.3K
$429.0K – $572.0K
NOI $34,320 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$1.06M
$928.1K – $1.24M
NOI $74,251 @ 7.0% cap · market cap 19.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
91
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased quadplex with appliance-equipped units in Summer Winds subdivision.
Where is this quadplex located?
The property is located at 1601 Tampa St Edinburg, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 2004; Each unit offers 2 bedrooms and 2 bathrooms; Approximately 1,022 sq. ft. per unit
