Fourplex Residential Income
1622 Orlando Street Edinburg, TX 78541
1622 Orlando Street, Edinburg, TX, 78541
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For Sale
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Fourplex with four units, each offering 2 bedrooms and 2 bathrooms, and currently fully occupied.
Property Size4,088 SF
Price / SF$94.18
Days on Market84
Property Features for 1622 Orlando Street
General Information
- Standard status
- Active
- Size
- 4,088 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2003
Listing agency
Monarca Real Estate Group LLC
Listed by
Kevin Joseph Martinez
Source
Crexi
Added: Apr 30 Updated: Jul 20 at 4:49PM Checked: Jul 20 at 4:49PM
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 Monarca Real Estate Group LLC
Investment Insights
Based on property information with market context.
This fourplex residential income property offers four separate units. Each unit features 2 bedrooms and 2 bathrooms. The property is currently fully occupied.
Located in Edinburg, the home is described as being just minutes from UTRGV and key commercial areas.
As a 4-plex, the layout is designed for separate, income-producing residential units within one property.
Located in Edinburg, the home is described as being just minutes from UTRGV and key commercial areas.
As a 4-plex, the layout is designed for separate, income-producing residential units within one property.
Key Highlights
- 4‑plex built in 2003 in Edinburg
- Four units total, each with 2 bedrooms and 2 bathrooms
- Property is currently fully occupied
Local Financial Insights For Apartment 5plus
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 | $64.3k | $15.72 |
| − Vacancy | −$1.9k | −$0.46 |
| EGI | $62.4k | $15.26 |
| − OpEx | −$28.1k | −$6.87 |
| NOI | $34.3k | $8.40 |
4,088 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$548.6K
$480.1K – $640.1K
NOI $38,404 @ 7.0% cap · market cap 9.98%
Second Best
Apartment 5plus
$490.3K
$429.0K – $572.0K
NOI $34,320 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$1.06M
$928.1K – $1.24M
NOI $74,251 @ 7.0% cap · market cap 19.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex with four units, each offering 2 bedrooms and 2 bathrooms, and currently fully occupied.
Where is this quadplex located?
The property is located at 1622 Orlando Street Edinburg, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 4‑plex built in 2003 in Edinburg; Four units total, each with 2 bedrooms and 2 bathrooms; Property is currently fully occupied
