Edinburg Fourplex Near
1809 W Portales Drive, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property size:
4,144 SFLot size:
0.29 AcresPrice / SF:
$106/SF- Added:
- May 22, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 1 at 7:06 am
Property Features for 1809 W Portales Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 7
- Parking features
- Garage
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- L635700000001000
- Size
- 4,144 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Annual Amount
- 1899
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick, Stone
- Roof type
- Shingle
Listing agent Gabino Ortiz License #702307 (956) 435-3020
Listing office RE/MAX elite 2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX (956) 583-2100
Listing date May 22, 2026
MLS# 505280
Listing URL
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.
HighLights
- Recently built 4‑Plex (2022) offers modern construction and appeal.
- Located near The University of Texas RGV (UTRGV), ideal for students or faculty.
- Each unit features 2 bedrooms and 2 bathrooms.
- All units are equipped with essential appliances: refrigerator, stove, microwave, washer, and dryer.
- Constructed with durable brick and stone.
- Central heating and cooling for year‑round comfort.
Overview
This recently constructed fourplex is located in Edinburg, Texas, north of the University of Texas Rio Grande Valley (UTRGV). The property contains four units, each featuring two bedrooms and two bathrooms. Each unit is equipped with a refrigerator, stove, microwave, washer, and dryer. The property size is 4,144 square feet and the lot size is 0.2874 acres.
Local Financial Insights For Multifamily LT 5
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 | $57.2k | $13.80 |
| − Vacancy | −$1.6k | −$0.38 |
| EGI | $55.6k | $13.42 |
| − OpEx | −$16.7k | −$4.03 |
| NOI | $38.9k | $9.39 |
4,144 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$556.1K
$486.6K – $648.8K
NOI $38,930 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$497.0K
$434.9K – $579.8K
NOI $34,790 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.08M
$940.9K – $1.25M
NOI $75,268 @ 7.0% cap · market cap 17.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.177267
- Latitude
- 26.324226
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Recently built fourplex near UTRGV with included appliances.
Where is this quadplex located?
The property is located at 1809 W Portales Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Recently built 4‑Plex (2022) offers modern construction and appeal.; Located near The University of Texas RGV (UTRGV), ideal for students or faculty.; Each unit features **2 bedrooms and 2 bathrooms**.
