Fourplex with In-Unit
For Sale
$310,000
1904 Jason Ave, Edinburg, TX 78539
Four one-bedroom, one-bath units with washer, dryer, refrigerator, and stove; fully occupied.
Property Size3,000 SF
Price / SF$103.33
Days on Market106
Property Features for 1904 Jason Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1993
Tenancy
Multi
Listing Agency:
Key Realty
Listed By:
Stephen Smith
(956) 739-7893
Source:
Aregtx
Added: Jul 20
Changed: Oct 26
Last Checked: Nov 1 at 9:13AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-plex offers four one-bedroom, one-bath units, each equipped with a washer, dryer, refrigerator, and stove. The property is fully occupied, providing immediate rental income, and showings are available by appointment only with advance notice and a pre-approval letter required.
Located in Edinburg, the property is described as being near UTRGV and popular shopping, restaurants, and gyms, with the Edinburg Skate Park, splash pad, and baseball fields directly across.
The seller also has three additional four-plexes available and prefers to sell all four properties together as a single transaction.
Located in Edinburg, the property is described as being near UTRGV and popular shopping, restaurants, and gyms, with the Edinburg Skate Park, splash pad, and baseball fields directly across.
The seller also has three additional four-plexes available and prefers to sell all four properties together as a single transaction.
Key Highlights
- Four‑plex built in 1993 in Edinburg, TX
- Four 1‑bed, 1‑bath units (4 units total)
- Each unit 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom, one-bath units with washer, dryer, refrigerator, and stove; fully occupied.
Where is this quadplex located?
The property is located at 1904 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: Four‑plex built in 1993 in Edinburg, TX; Four 1‑bed, 1‑bath units (4 units total); Each unit includes a washer, dryer, refrigerator, and stove
