Four-Unit Multifamily
1703 Orlando Street Edinburg, TX 78541
For Sale
Contact for pricing
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 Market23
Property Features for 1703 Orlando Street
General Information
- Standard status
- Active
- Size
- 4,088 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2004
Listing Agency:
Distinguished Properties
(956) 222-6303
Listed By:
Elena Rodriguez
Source:
Crexi
Added: Jul 2
Changed: Jul 22
Last Checked: Jul 24 at 6:13AM
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 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 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
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 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: 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
