Brick Four-Unit
For Sale
$389,000
1816 Aruba Drive, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size3,600 SF
Lot Size0.26 Acres
Price / SF$108.06
Days on Market107
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Property Features for 1816 Aruba Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Exterior features
Mature Trees
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Paradise Estates
Lot features
Corner Lot, Curb & Gutters, Mature Trees, Sidewalks
Elementary school
Cavazos
Middle school
B.L. Garza
High school
Edinburg H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
North on McColl past 107 East on 17 1/2 and South on Aruba.
Standard status
Active
APN
P323500000004400
Size
3,600 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5880
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2004
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 15 at 2:06PM
MLS# 507844
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.
Investment Insights
Based on property information with market context.
This 3,600-square-foot quadplex, built in 2004, contains four residential units with a two-bedroom, two-bath layout. Brick construction, tile flooring, privacy fencing, mature trees, and composition roofing define the property. Each unit is equipped with a refrigerator, stove/range, washer, dryer, and electric water heater, while central heating and central air provide building-wide climate control. Public water serves the property, and the site includes no parking features.
The property is located in Edinburg, Texas, with the source information identifying access to universities, shopping, dining, and major roadways. It may be purchased individually or included in a package of six separate quadplexes totaling 24 units.
The property is located in Edinburg, Texas, with the source information identifying access to universities, shopping, dining, and major roadways. It may be purchased individually or included in a package of six separate quadplexes totaling 24 units.
Key Highlights
- Four‑unit quadplex with four 2‑bedroom, 2‑bath units
- 3,600 square feet on 0.2604 acres
- Built in 2004 with brick construction and composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,820
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,400
$676.4K
Cap Rate 7%
$483,143
$483.1K
Cap Rate 9%
$375,778
$375.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$49.7K $13.80/SF
− Vacancy
−$1.4K −$0.38/SF
EGI
$48.3K $13.42/SF
− OpEx
−$14.5K −$4.03/SF
NOI
$33.8K $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%
$676,400
Cap Rate 7%
$483,143
Cap Rate 9%
$375,778
Alternative Uses
Best Use
Multifamily LT 5
$483.1K
$422.8K – $563.7K
NOI $33,820 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$431.8K
$377.8K – $503.7K
NOI $30,223 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$934.1K
$817.4K – $1.09M
NOI $65,388 @ 7.0% cap · market cap 16.81%
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
94
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature two bedrooms, two baths, tile flooring, and central HVAC.
Where is this quadplex located?
The property is located at 1816 Aruba Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 2‑bedroom, 2‑bath units; 3,600 square feet on 0.2604 acres; Built in 2004 with brick construction and composition roof
