Four-Unit Multifamily
For Sale
$392,000
1703 Orlando St, Edinburg, TX 78541
Four 2-bedroom, 2-bath units in a gated subdivision, with shared pool and mature landscaping.
Property Size4,088 SF
Price / SF$95.89
Days on Market115
Property Features for 1703 Orlando St
General Information
Standard status
Active
Size
4,088 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
pool
mature trees
gated community
Building Details
Year Built
2004
Listing Agency:
Distinguished Properties
Listed By:
Elena Rodriguez
(956) 222-6303
Source:
Aregtx
Added: Jul 3
Changed: Oct 7
Last Checked: Oct 7 at 3:49PM
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.
This four-unit multifamily property includes apartments configured with 2 bedrooms and 2 bathrooms each. The surrounding grounds are described as well maintained and include mature trees and a pool, providing shared outdoor amenities for residents.
The property is located in the gated Summer Winds subdivision in Edinburg, Texas. The public remarks indicate the community is convenient to universities, shopping, restaurants, and major roadways.
The seller offers flexibility to purchase the property individually or as part of a larger portfolio package that includes six separate four-plex properties totaling 24 units. Contact an agent for additional details regarding the offering.
The property is located in the gated Summer Winds subdivision in Edinburg, Texas. The public remarks indicate the community is convenient to universities, shopping, restaurants, and major roadways.
The seller offers flexibility to purchase the property individually or as part of a larger portfolio package that includes six separate four-plex properties totaling 24 units. Contact an agent for additional details regarding the offering.
Key Highlights
- 2004‑built 4‑unit property in the gated Summer Winds subdivision in Edinburg
- Four apartments with 2 bedrooms and 2 bathrooms each
- Shared pool and mature trees/landscaping in a well‑maintained community setting
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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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
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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 2-bedroom, 2-bath units in a gated subdivision, with shared pool and mature landscaping.
Where is this quadplex located?
The property is located at 1703 Orlando St 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: 2004‑built 4‑unit property in the gated Summer Winds subdivision in Edinburg; Four apartments with 2 bedrooms and 2 bathrooms each; Shared pool and mature trees/landscaping in a well‑maintained community setting
