Edinburg Fourplex Investment
1816 Jason Avenue Edinburg, TX 78539
1816 Jason Avenue, Edinburg, TX, 78539
$320,000
For Sale
$320,000
MULTI_FAMILY - Edinburg, TX
Property Size3,408 SF
Lot Size0.19 Acres
Price / SF$93.90
Days on Market96
Property Features for 1816 Jason Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Appliances
- Electric Water Heater, Water Heater (Other Location), Dryer, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- D761001011002500
- Size
- 3,408 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6489
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1994
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
RE/MAX elite
(956) 583-2100
2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX
Listed by
Gustavo Figueroa · License #602632
(956) 588-6550
Added: Apr 15 Checked: Jul 19 at 8:06 am
MLS# 498101
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.
Investment Insights
Based on property information with market context.
This property presents an opportunity to own a fourplex in Edinburg, Texas. Each unit features two bedrooms and two bathrooms, providing a functional layout with comfortable living space and spacious bedrooms, each with private bathrooms. The property is suited for investors seeking to generate steady rental income. Its location offers convenient access to shopping, dining, schools, and major roadways, making it attractive to potential tenants. The property size is 3408 square feet, situated on a lot of 0.1894 acres.
Key Highlights
- 2‑bedroom, 2‑bath fourplex built in 1994 in Edinburg
- Brick construction with shingle roof
- Central heating and central air, plus electric heating and electric cooling
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 | $53.6k | $15.72 |
| − Vacancy | −$1.6k | −$0.46 |
| EGI | $52.0k | $15.26 |
| − OpEx | −$23.4k | −$6.87 |
| NOI | $28.6k | $8.40 |
3,408 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex in growing Edinburg area, ideal for rental income.
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: 2‑bedroom, 2‑bath fourplex built in 1994 in Edinburg; Brick construction with shingle roof; Central heating and central air, plus electric heating and electric cooling
