Four-Unit Quadplex with 2-Bedroom
For Sale
$375,000
1607 Tampa Street, Edinburg, TX 78541
Leased residential income property with appliances in every unit and convenient access to local institutions, retail, and highways.
Property Size4,088 SF
Days on Market34
Property Features for 1607 Tampa Street
General Information
Standard status
Active
Size
4,088 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Taxes and HOA fees
Annual Taxes
$8,955
Building Details
Building Size
4,088 SF
Year Built
2004
Buildings
2
Stories
1
Units
4
Listing Agency:
Empower Realty Group
(956) 332-3231
Listed By:
Daniel Diaz · License #TREC#0609682
(956) 332-3231
Source:
Buyingandsellingmcallen
Added: Jul 28
Changed: Aug 30
Last Checked: Aug 25 at 9:10AM
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 offering a two-bedroom, two-bath layout with approximately 1,022 square feet of living space. The property totals 4,088 square feet, and every unit includes kitchen appliances. All four units are currently leased, providing an in-place rental operation within the Summer Winds subdivision.
The property is located near UTRGV, shopping centers, and major highways in Edinburg. Its combination of four similarly configured units, existing leases, and included appliances creates a straightforward multifamily profile for residential income ownership.
The property is located near UTRGV, shopping centers, and major highways in Edinburg. Its combination of four similarly configured units, existing leases, and included appliances creates a straightforward multifamily profile for residential income ownership.
Key Highlights
- Four‑unit quadplex with 4,088 square feet
- Each unit features 2 bedrooms and 2 bathrooms
- Approximately 1,022 sq. ft. per unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,320
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
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 - Leased residential income property with appliances in every unit and convenient access to local institutions, retail, and highways.
Where is this quadplex located?
The property is located at 1607 Tampa Street 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 with 4,088 square feet; Each unit features 2 bedrooms and 2 bathrooms; Approximately 1,022 sq. ft. per unit
