Four-Unit Apartment
New
For Sale
$310,000
1902 Jason Avenue, Edinburg, TX 78539
All four residences are occupied and include in-unit laundry appliances and kitchen appliances.
Property Size3,000 SF
Price / SF$103.33
Days on Market6
Property Features for 1902 Jason Avenue
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,689
Amenities
Ceiling Fan(s)
Dryer
Washer
Sprinkler System
Building Details
Building Size
3,000 SF
Year Built
1993
Buildings
1
Stories
1
Units
4
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Stephen Smith
(956) 739-7893
Source:
Dolcevitargv
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 3:44PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property in Edinburg has a consistent two-bedroom, one-bathroom layout across its apartments. Each residence includes a washer, dryer, refrigerator, and stove, and all four units are occupied.
The property is near UTRGV and across from Edinburg Skate Park, a splash pad, and baseball fields. Shopping centers, restaurants, and gyms are also nearby.
The property is near UTRGV and across from Edinburg Skate Park, a splash pad, and baseball fields. Shopping centers, restaurants, and gyms are also nearby.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- All four units are occupied
- Each apartment includes a washer, dryer, refrigerator, and stove
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
Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
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
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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 - All four residences are occupied and include in-unit laundry appliances and kitchen appliances.
Where is this quadplex located?
The property is located at 1902 Jason Avenue 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: Four apartments, each with 2 bedrooms and 1 bathroom; All four units are occupied; Each apartment includes a washer, dryer, refrigerator, and stove
