Edinburg Fourplex Investment
For Sale
$310,000
1820 Jason Ave, Edinburg, TX 78539
Fourplex near UTRGV, shopping, and recreation in Edinburg, Texas.
Property Size3,000 SF
Price / SF$103.33
Days on Market203
Property Features for 1820 Jason Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi-Family
Building Details
Year Built
1993
Listing Agency:
Key Realty
Listed By:
Stephen Smith
(956) 225-5295
Source:
Aregtx
Added: Mar 26
Changed: Oct 3
Last Checked: Oct 7 at 4:33PM
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 Key Realty
Investment Insights
Based on property information with market context.
This fourplex presents an investment opportunity in Edinburg, Texas. The property is centrally located within walking distance of the University of Texas Rio Grande Valley (UTRGV), shopping centers, eateries, and gyms. It is also situated across the street from the Edinburg skate park, splash pad, and baseball field. Each unit features 2 bedrooms and 1 bathroom and includes a washer, dryer, refrigerator, and stove. The property is currently fully occupied, and scheduled showings require advance notice and pre-approval letters. The seller has listed two additional fourplexes and prefers to sell all three properties together as one transaction.
Key Highlights
- Investment opportunity: Four‑plex is fully occupied, providing immediate rental income.
- Prime location: Centrally located in Edinburg, Texas.
- Walking distance to UTRGV, shopping, eateries, and gyms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,183
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,660
$563.7K
Cap Rate 7%
$402,614
$402.6K
Cap Rate 9%
$313,144
$313.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$41.4K $13.80/SF
− Vacancy
−$1.1K −$0.38/SF
EGI
$40.3K $13.42/SF
− OpEx
−$12.1K −$4.03/SF
NOI
$28.2K $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%
$563,660
Cap Rate 7%
$402,614
Cap Rate 9%
$313,144
Alternative Uses
Best Use
Multifamily LT 5
$402.6K
$352.3K – $469.7K
NOI $28,183 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$359.8K
$314.8K – $419.8K
NOI $25,186 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$778.4K
$681.1K – $908.2K
NOI $54,490 @ 7.0% cap · market cap 17.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex near UTRGV, shopping, and recreation in Edinburg, Texas.
Where is this quadplex located?
The property is located at 1820 Jason Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Investment opportunity: Four‑plex is fully occupied, providing immediate rental income.; Prime location: Centrally located in Edinburg, Texas.; Walking distance to UTRGV, shopping, eateries, and gyms.
