Four-Unit
For Sale
$320,000
1816 Jason Avenue, Edinburg, TX 78539
Built in 1994, the property combines four residential units with two-bedroom, two-bath layouts.
Property Size3,408 SF
Days on Market26
Property Features for 1816 Jason Avenue
General Information
Standard status
Active
Size
3,408 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,489
Building Details
Building Size
3,408 SF
Year Built
1994
Buildings
1
Stories
1
Units
4
Listing Agency:
RE/MAX elite
(956) 588-6550
Listed By:
Gustavo Figueroa · License #602632
(956) 588-6550
Source:
Buyingandsellingmcallen
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 25 at 9:10AM
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 RE/MAX elite
Investment Insights
Based on property information with market context.
Located at 1816 Jason Ave in Edinburg, Texas, this four-unit residential property contains 3,408 square feet and was built in 1994. Each unit is configured with two bedrooms and two bathrooms, along with a practical living arrangement and private bathrooms.
The property is situated near shopping, dining, schools, and major roadways. Its four-unit configuration provides a clearly defined multifamily asset with consistent layouts across the property.
The property is situated near shopping, dining, schools, and major roadways. Its four-unit configuration provides a clearly defined multifamily asset with consistent layouts across the property.
Key Highlights
- Four‑unit residential property
- Each unit has 2 bedrooms and 2 bathrooms
- 3,408 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,611
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$572,220
$572.2K
Cap Rate 7%
$408,729
$408.7K
Cap Rate 9%
$317,900
$317.9K
Market Conditions
NOI Build-Up for 3,408 SF
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.
Gross rent
$53.6K $15.72/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$52.0K $15.26/SF
− OpEx
−$23.4K −$6.87/SF
NOI
$28.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$572,220
Cap Rate 7%
$408,729
Cap Rate 9%
$317,900
Alternative Uses
Best Use
Multifamily LT 5
$457.4K
$400.2K – $533.6K
NOI $32,016 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$408.7K
$357.6K – $476.9K
NOI $28,611 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$884.3K
$773.8K – $1.03M
NOI $61,900 @ 7.0% cap · market cap 19.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1994, the property combines four residential units with two-bedroom, two-bath layouts.
Where is this quadplex located?
The property is located at 1816 Jason Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Four‑unit residential property; Each unit has 2 bedrooms and 2 bathrooms; 3,408 square feet
