4-Unit Quadplex with
1805 Cari Nicole Avenue, Edinburg, TX 78541
For Sale
$449,999
Residential Income, Edinburg, TX
Property Size3,780 SF
Lot Size0.22 Acres
Price / SF$119.05
Days on Market48
Property Features for 1805 Cari Nicole Avenue
General Information
Property type
Property subtype
Parking
Fencing
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
HOA Fee
Utilities
Heating system
Cooling system
Water source
Amenities
granite countertops
tile flooring
appliances
fenced backyard
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Brenda Martinez · License TX #685751
(956) 331-6102
Added: Sep 24
Changed: Oct 19
Last Checked: Nov 10 at 10:06AM
MLS# 456143
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2022, this 3,780-square-foot quadplex contains four units: one with 1 bedroom and 1 bath, two with 2 bedrooms and 2 baths each, and one with 3 bedrooms and 2 baths. Granite countertops, tile flooring, and appliances are provided in each residence. The property also includes privacy fencing and 8 carport spaces on a 0.2167-acre lot.
The property is in Edinburg near UTRGV, restaurants, shopping, and major roadways. Brick and stucco construction, a shingle roof, central electric heating, and central air conditioning complete the building features.
The property is in Edinburg near UTRGV, restaurants, shopping, and major roadways. Brick and stucco construction, a shingle roof, central electric heating, and central air conditioning complete the building features.
Key Highlights
- Four units with a 1‑bedroom/1‑bath, two 2‑bedroom/2‑bath, and a 3‑bedroom/2‑bath layout
- 3,780 square feet; built in 2022
- 8 carport spaces on a 0.2167‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,511
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,220
$710.2K
Cap Rate 7%
$507,300
$507.3K
Cap Rate 9%
$394,567
$394.6K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$52.2K $13.80/SF
− Vacancy
−$1.4K −$0.38/SF
EGI
$50.7K $13.42/SF
− OpEx
−$15.2K −$4.03/SF
NOI
$35.5K $9.39/SF
Area
Edinburg, TX
Vacancy
2.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,220
Cap Rate 7%
$507,300
Cap Rate 9%
$394,567
Alternative Uses
Best Use
Multifamily LT 5
$507.3K
$443.9K – $591.9K
NOI $35,511 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$453.3K
$396.7K – $528.9K
NOI $31,734 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$980.8K
$858.2K – $1.14M
NOI $68,657 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
40
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
$142,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Edinburg, TX
Properties on Market for Quadplexes in Edinburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer private fenced backyard access, contemporary finishes, and a varied bedroom mix.
Where is this quadplex located?
The property is located at 1805 Cari Nicole Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Four units with a 1‑bedroom/1‑bath, two 2‑bedroom/2‑bath, and a 3‑bedroom/2‑bath layout; 3,780 square feet; built in 2022; 8 carport spaces on a 0.2167‑acre lot
