Four-Unit Apartment
For Sale
$392,000
1707 Nassau Street, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,088 SF
Lot Size0.27 Acres
Price / SF$95.89
Days on Market108
Property Features for 1707 Nassau Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Exterior features
Mature Trees, Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Summer Winds Ph. 1
Lot features
Controlled Access, Curb & Gutters, Mature Trees, 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
S686201000005400
Size
4,088 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6049
HOA Fee
$1,330 Annually
Utilities
Heating system
Electric (Heating), Central
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 16 at 2:06PM
MLS# 508019
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.
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Investment Insights
Based on property information with market context.
Built in 2003, this brick quadplex contains four apartments, each offering two bedrooms and two bathrooms. The property encompasses 4,088 square feet on a 0.2665-acre parcel and includes central electric heating and cooling, composition roofing, privacy fencing, and a sprinkler system. Unit appliances include refrigerators, stove/ranges, washers, dryers, and electric water heaters.
The property is located within the gated Summer Winds subdivision in Edinburg, where residents have access to a community pool and mature trees. The address is near universities, shopping, restaurants, and major roadways. Public water serves the property, and no parking is identified in the provided parking features.
The property is located within the gated Summer Winds subdivision in Edinburg, where residents have access to a community pool and mature trees. The address is near universities, shopping, restaurants, and major roadways. Public water serves the property, and no parking is identified in the provided parking features.
Key Highlights
- Four‑unit property with 2‑bedroom, 2‑bath apartments
- 4,088 square feet on a 0.2665‑acre lot
- Built in 2003 with brick construction and composition roof
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Gated community setting with four two-bedroom, two-bath apartments and access to a neighborhood pool.
Where is this quadplex located?
The property is located at 1707 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‑unit property with 2‑bedroom, 2‑bath apartments; 4,088 square feet on a 0.2665‑acre lot; Built in 2003 with brick construction and composition roof
