Gated 4-Unit
For Sale
$392,000
1623 Orlando Street, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,088 SF
Lot Size0.24 Acres
Price / SF$95.89
Days on Market106
Property Features for 1623 Orlando Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Exterior features
Mature Trees
Fencing
Privacy
Appliances
Electric Water Heater, Refrigerator, Stove/Range, Washer
Subdivision
Summer Winds Ph. 1
Lot features
Controlled Access, Curb & Gutters, Mature Trees, Sidewalks, Sprinkler System
Elementary school
Zavala
Middle school
B.L. Garza
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Corner of McColl and Chapin
Standard status
Active
APN
S686201000004400
Size
4,088 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6015
HOA Fee
$1,300 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
pool
Building Details
Year built
2004
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
Distinguished Properties
Listed By:
Elena Rodriguez
(956) 222-6303
Added: Jul 1
Changed: Oct 8
Last Checked: Oct 14 at 5:06PM
MLS# 507946
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.
This 4,088-square-foot quadplex contains four apartments, each configured with two bedrooms and two bathrooms. Built in 2004, the brick property includes central heating and cooling, electric water heating, refrigerators, stoves/ranges, and washers. Privacy fencing, a composition roof, public water, and mature trees are also part of the improvements. The property has no designated parking features.
Located within the gated Summer Winds subdivision in Edinburg, the property is near universities, shopping, restaurants, and major roadways. Residents also have access to a community pool and landscaped surroundings. The 0.238-acre site may be acquired individually or included in a portfolio package with five other 4-plex properties totaling 24 units.
Located within the gated Summer Winds subdivision in Edinburg, the property is near universities, shopping, restaurants, and major roadways. Residents also have access to a community pool and landscaped surroundings. The 0.238-acre site may be acquired individually or included in a portfolio package with five other 4-plex properties totaling 24 units.
Key Highlights
- Four‑unit configuration with 2‑bedroom, 2‑bath apartments
- 4,088 square feet on a 0.238‑acre lot
- Built in 2004 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,320
Cap Rate
8.76%
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 9.80%
Second Best
Apartment 5plus
$490.3K
$429.0K – $572.0K
NOI $34,320 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$1.06M
$928.1K – $1.24M
NOI $74,251 @ 7.0% cap · market cap 18.94%
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
Lease Details
4
Residential units
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 - Four two-bedroom apartments with community pool access, mature landscaping, and central HVAC in Edinburg.
Where is this quadplex located?
The property is located at 1623 Orlando Street Edinburg, TX.
What is the asking price?
The asking price for this property is $392,000.
What are key features of this property?
This property features: Four‑unit configuration with 2‑bedroom, 2‑bath apartments; 4,088 square feet on a 0.238‑acre lot; Built in 2004 with brick construction
