Fourplex Residential Income
For Sale
Contact for pricing
1622 Orlando Street, Edinburg, TX 78541
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 Market92
Property Features for 1622 Orlando Street
General Information
Standard status
Active
Size
4,088 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
2003
Listing Agency:
Monarca Real Estate Group LLC
Listed By:
Kevin Joseph Martinez
Source:
Crexi
Added: Apr 30
Changed: Jul 20
Last Checked: Jul 29 at 5:18PM
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
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 authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
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 - 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
