Four-Unit Quadplex with
For Sale
$375,000
1620 Norma Lane, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size3,920 SF
Lot Size0.33 Acres
Price / SF$95.66
Days on Market128
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Property Features for 1620 Norma Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
None
Exterior features
Mature Trees
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Citrus Estates #3
Lot features
Mature Trees
Elementary school
Adame
Middle school
Adams
High school
Agua Dulce H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From 281 take exit on Freddy Gonzalez and head west, turn left onto Sugar, turn right onto John Ave, turn left onto Norma Ln. Property is on the left hand side.
Standard status
Active
APN
C485003000010500
Size
3,920 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6363
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Jun 10
Changed: Sep 14
Last Checked: Oct 15 at 1:06PM
MLS# 477776
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.
Built in 1980, this four-unit quadplex contains 3,920 square feet on a 0.3283-acre lot. Each residence is configured with two bedrooms and two bathrooms, with tile flooring and a practical appliance package that includes a washer, dryer, refrigerator, and stove/range. Brick construction, shingle roofing, central air, central electric heating, and an electric water heater serve the property. Public water is available, and mature trees add established exterior landscaping.
The property is located in Edinburg near Sugar Road and Freddy Gonzalez Drive, with Expressway 83, HEB, schools, and dining options identified nearby. The site has no designated parking features.
The property is located in Edinburg near Sugar Road and Freddy Gonzalez Drive, with Expressway 83, HEB, schools, and dining options identified nearby. The site has no designated parking features.
Key Highlights
- Four‑unit quadplex with 3,920 square feet
- Each unit includes 2 bedrooms and 2 bathrooms
- 0.3283‑acre lot in Edinburg, TX
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,909
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,180
$658.2K
Cap Rate 7%
$470,129
$470.1K
Cap Rate 9%
$365,656
$365.7K
Market Conditions
NOI Build-Up for 3,920 SF
Gross rent
$61.6K $15.72/SF
− Vacancy
−$1.8K −$0.46/SF
EGI
$59.8K $15.26/SF
− OpEx
−$26.9K −$6.87/SF
NOI
$32.9K $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%
$658,180
Cap Rate 7%
$470,129
Cap Rate 9%
$365,656
Alternative Uses
Best Use
Multifamily LT 5
$526.1K
$460.3K – $613.8K
NOI $36,826 @ 7.0% cap · market cap 9.82%
Second Best
Apartment 5plus
$470.1K
$411.4K – $548.5K
NOI $32,909 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$1.02M
$890.0K – $1.19M
NOI $71,200 @ 7.0% cap · market cap 18.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Brick multifamily property with consistent two-bedroom, two-bath layouts and in-unit laundry and kitchen appliances.
Where is this quadplex located?
The property is located at 1620 Norma Lane 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 3,920 square feet; Each unit includes 2 bedrooms and 2 bathrooms; 0.3283‑acre lot in Edinburg, TX
