Gated Quadplex with Community
For Sale
$392,000
1701 Nassau Street, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,088 SF
Lot Size0.24 Acres
Price / SF$95.89
Days on Market107
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Property Features for 1701 Nassau Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Exterior features
Motorized Gate
Fencing
Gate, Privacy
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Summer Winds Ph. 1
Lot features
Controlled Access, Curb & Gutters, 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
Chapin Rd and McColl Rd
Standard status
Active
APN
S686201000005500
Size
4,088 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6015
HOA Fee
$1,330 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
pool
Building Details
Year built
2003
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 15 at 1:06PM
MLS# 508017
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.
Built in 2003, this brick quadplex contains four apartments, each configured with two bedrooms and two bathrooms. The property encompasses 4,088 square feet on a 0.238-acre lot and includes central heating and air conditioning, electric water heating, and a composition roof. Unit appliances include refrigerators, stove/ranges, washers, and dryers.
The property is located within the gated Summer Winds subdivision in Edinburg, with access controlled by a motorized gate and privacy fencing. Community features include a pool and mature trees. Public water serves the property, and the surrounding area includes universities, shopping, restaurants, and major roadways.
The property is located within the gated Summer Winds subdivision in Edinburg, with access controlled by a motorized gate and privacy fencing. Community features include a pool and mature trees. Public water serves the property, and the surrounding area includes universities, shopping, restaurants, and major roadways.
Key Highlights
- Four apartments with 2 bedrooms and 2 bathrooms each
- 4,088‑square‑foot quadplex on a 0.238‑acre lot
- Built in 2003 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Brick residential income property with four two-bedroom, two-bath apartments in a gated community near universities, shopping, and major roads.
Where is this quadplex located?
The property is located at 1701 Nassau 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 apartments with 2 bedrooms and 2 bathrooms each; 4,088‑square‑foot quadplex on a 0.238‑acre lot; Built in 2003 with brick construction
