Edinburg Fourplex Investment
For Sale
$414,750
1612 Tampa St, Edinburg, TX 78541
Well-maintained fourplex in Edinburg, Texas with strong investment potential.
Property Size4,088 SF
Price / SF$101.46
Days on Market204
Property Features for 1612 Tampa St
General Information
Standard status
Active
Size
4,088 SF
Property subtype
Multi-Family
Building Details
Year Built
2004
Listing Agency:
Icon Realty STX
Listed By:
Christopher J. Garcia
Source:
Aregtx
Added: Mar 26
Changed: Oct 2
Last Checked: Oct 7 at 1:27PM
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 Icon Realty STX
Investment Insights
Based on property information with market context.
This fourplex is located in Edinburg, Texas. Each of the four units includes 2 bedrooms and 2 full bathrooms. The property has been freshly painted inside and out and has a new roof. The property is situated in a neighborhood close to schools, shopping centers, dining, and major highways. The property size is 4088 square feet. All units are currently occupied, offering immediate rental income.
Key Highlights
- Excellent return on investment as a well‑maintained fourplex.
- All four units are currently occupied, providing immediate income.
- Each unit features 2 bedrooms and 2 full bathrooms, appealing to tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,320
Cap Rate
8.27%
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 9.26%
Second Best
Apartment 5plus
$490.3K
$429.0K – $572.0K
NOI $34,320 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$1.06M
$928.1K – $1.24M
NOI $74,251 @ 7.0% cap · market cap 17.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex in Edinburg, Texas with strong investment potential.
Where is this quadplex located?
The property is located at 1612 Tampa St Edinburg, TX.
What is the asking price?
The asking price for this property is $414,750.
What are key features of this property?
This property features: Excellent return on investment as a well‑maintained fourplex.; All four units are currently occupied, providing immediate income.; Each unit features 2 bedrooms and 2 full bathrooms, appealing to tenants.
