4-Unit Quadplex with
For Sale
$392,000
1707 Nassau St, Edinburg, TX 78541
Gated 4-unit quadplex offering 2-bedroom, 2-bath apartments and community pool within well-maintained grounds.
Property Size4,088 SF
Price / SF$95.89
Days on Market97
Property Features for 1707 Nassau St
General Information
Standard status
Active
Size
4,088 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
pool
gated community
Building Details
Year Built
2003
Listing Agency:
Distinguished Properties
Listed By:
Elena Rodriguez
(956) 222-6303
Source:
Aregtx
Added: Jul 21
Changed: Oct 7
Last Checked: Oct 7 at 3:29PM
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 4-unit quadplex is located in the gated Summer Winds subdivision and features two-bedroom, two-bath apartment layouts. The property is set within well-maintained surroundings with mature trees and includes a community pool.
The home offers convenient access to universities, shopping, restaurants, and major roadways.
The seller is offering flexibility to purchase the property individually or as part of a larger investment portfolio package consisting of six separate 4-plex properties totaling 24 units. Contact the agent for additional details and package information.
The home offers convenient access to universities, shopping, restaurants, and major roadways.
The seller is offering flexibility to purchase the property individually or as part of a larger investment portfolio package consisting of six separate 4-plex properties totaling 24 units. Contact the agent for additional details and package information.
Key Highlights
- Year built 2003 4‑unit quadplex in the gated Summer Winds subdivision
- Each unit features 2 bedrooms and 2 bathrooms
- Gated community setting with a shared pool
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 - Gated 4-unit quadplex offering 2-bedroom, 2-bath apartments and community pool within well-maintained grounds.
Where is this quadplex located?
The property is located at 1707 Nassau 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: Year built 2003 4‑unit quadplex in the gated Summer Winds subdivision; Each unit features 2 bedrooms and 2 bathrooms; Gated community setting with a shared pool
