Four-Unit Quadplex in Gated
New
For Sale
$392,000
1701 Nassau Street, Edinburg, TX 78541
Four two-bedroom, two-bath apartments sit within a residential community with a pool and mature trees.
Property Size4,088 SF
Price / SF$95.89
Days on Market4
Property Features for 1701 Nassau Street
General Information
Standard status
Active
Size
4,088 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,015
Amenities
pool
Ceiling Fan(s)
Dryer
Washer
Motorized Gate
Building Details
Building Size
4,088 SF
Year Built
2003
Buildings
2
Stories
1
Units
4
Listing Agency:
Distinguished Properties
Listed By:
Elena Rodriguez
(956) 222-6303
Source:
Gdvrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 2:02PM
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
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Investment Insights
Based on property information with market context.
Located in Edinburg’s gated Summer Winds subdivision, this quadplex contains four apartments, each with two bedrooms and two bathrooms. The property measures 4,088 square feet and was built in 2003. Community amenities include a pool, with mature trees throughout the subdivision.
Universities, shopping, restaurants, and major roadways are nearby. The property may be purchased on its own or included in a six-property package comprising 24 units in total.
Universities, shopping, restaurants, and major roadways are nearby. The property may be purchased on its own or included in a six-property package comprising 24 units in total.
Key Highlights
- Four apartments, each with 2 bedrooms and 2 bathrooms
- 4,088 square feet; built in 2003
- Situated in the gated Summer Winds subdivision in Edinburg
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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Property Analytics
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom, two-bath apartments sit within a residential community with a pool and mature trees.
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, each with 2 bedrooms and 2 bathrooms; 4,088 square feet; built in 2003; Situated in the gated Summer Winds subdivision in Edinburg
