1623 Orlando Street Edinburg, TX 78541
Four 2-bedroom, 2-bath units within a gated community featuring a pool and maintained landscaping.
- Added:
- Jul 2, 2026
- Days on Market:
- 13
- Last Refresh:
- Jul 4 at 2:51 am
Property Features for 1623 Orlando Street
General Information
- Standard status
- Active
- Size
- 4,088 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2004
Listing office Distinguished Properties
Listing date Jul 2, 2026
Source Crexi
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 Distinguished Properties
Investment Insights
Based on property information with market context.
The property is located at 1623 Orlando Street in Edinburg, Texas, within the Summer Winds subdivision. It is positioned for convenience to universities, shopping, restaurants, and major roadways, with access controlled by the gated community setting.
For investors or buyers seeking a small residential income asset, the configuration provides four separate apartment units in a single property. The seller also notes flexibility to purchase individually, or as part of a larger package that includes six separate 4-plex properties totaling 24 units. Contact the agent for additional details on the individual offering and any available portfolio package information.
Key Highlights
- Four‑unit property built in 2004 with four 2‑bedroom, 2‑bath apartments
- Located in the gated Summer Winds subdivision in Edinburg
- Community amenities include a pool and mature trees
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 |
