Fourplex with Two-Bedroom
1810 Norma Lane Edinburg, TX 78539
1810 Norma Lane, Edinburg, TX, 78539
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For Sale
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Four-unit residential income property with each unit featuring 2 bedrooms and 2 bathrooms.
Property Size3,920 SF
Price / SF$98.21
Days on Market89
Property Features for 1810 Norma Lane
General Information
- Standard status
- Active
- Size
- 3,920 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing agency
Star Realty Group, LLC
(956) 929-9494
Listed by
Leo Guerrero · License #TREC # 0531764
Source
Crexi
Added: Apr 25 Updated: Jul 21 at 6:27AM Checked: Jul 21 at 6:27AM
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 Star Realty Group, LLC
Investment Insights
Based on property information with market context.
This fourplex offers four residential units, and each unit includes 2 bedrooms and 2 bathrooms, creating a consistent layout across the property. The property is presented as an income-focused investment for buyers seeking a multi-unit configuration.
The property is described as being situated between Canton Rd and Freddy Gonzalez Dr, with access from Sugar Rd and Jackson Rd. Public remarks also note proximity to shopping centers, medical facilities, supermarkets, and other essential services.
As a four-unit asset, the property is designed for straightforward management with the same basic unit bedroom/bath count across all homes.
The property is described as being situated between Canton Rd and Freddy Gonzalez Dr, with access from Sugar Rd and Jackson Rd. Public remarks also note proximity to shopping centers, medical facilities, supermarkets, and other essential services.
As a four-unit asset, the property is designed for straightforward management with the same basic unit bedroom/bath count across all homes.
Key Highlights
- Fourplex built in 1984, featuring four residential units
- Each unit offers 2 bedrooms and 2 bathrooms
- Location between Canton Rd and Freddy Gonzalez Dr
Local 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 | $61.6k | $15.72 |
| − Vacancy | −$1.8k | −$0.46 |
| EGI | $59.8k | $15.26 |
| − OpEx | −$26.9k | −$6.87 |
| NOI | $32.9k | $8.40 |
3,920 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$526.1K
$460.3K – $613.8K
NOI $36,826 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$470.1K
$411.4K – $548.5K
NOI $32,909 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$1.02M
$890.0K – $1.19M
NOI $71,200 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit residential income property with each unit featuring 2 bedrooms and 2 bathrooms.
Where is this quadplex located?
The property is located at 1810 Norma Lane Edinburg, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Fourplex built in 1984, featuring four residential units; Each unit offers 2 bedrooms and 2 bathrooms; Location between Canton Rd and Freddy Gonzalez Dr
