Gated Subdivision Quadplex with
1623 Orlando Street Edinburg, TX 78541
For Sale
Contact for pricing
Four 2-bedroom, 2-bath units within a gated community featuring a pool and maintained landscaping.
Property Size4,088 SF
Price / SF$95.89
Days on Market26
Property Features for 1623 Orlando Street
General Information
Standard status
Active
Size
4,088 SF
Property subtype
Multifamily
Building Details
Year Built
2004
Listing Agency:
Distinguished Properties
Listed By:
Elena Rodriguez
Source:
Crexi
Added: Jul 2
Changed: Jul 10
Last Checked: Jul 27 at 11:27AM
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.
This four-unit quadplex offers two-bedroom, two-bath apartment layouts across the property. The community setting is described as well-maintained, with mature trees and a shared pool that supports an attractive residential environment.
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.
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
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 9.80%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four 2-bedroom, 2-bath units within a gated community featuring a pool and maintained landscaping.
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 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
