Five-Building Quadplex
For Sale
$1,645,000
1907 Jason Avenue, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size14,025 SF
Lot Size1.08 Acres
Price / SF$117.29
Days on Market47
Property Features for 1907 Jason Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
30
Appliances
Electric Water Heater, Water Heater (Other Location), Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Downing
Elementary school
Freddy Gonzalez
Middle school
South Middle School
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From I-69 drive west on University Drive (107) to Sugar Rd. Turn south on Sugar Rd, then turn west on Sprague St. From Sprague St. turn north on Pin Oak Rd, then turn east on Jason Ave. The units will be on your lefthand side.
Standard status
Active
APN
D761001011003400
Size
14,025 SF
Lot size
1.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
24000
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1993
Floors in Building
1
Number of units
20
Building materials
Brick
Roof type
Composition
Listing Agency:
Effective Real Estate
(956) 322-8522
Listed By:
Esteban F. Flores
(512) 749-3897
Added: Sep 4
Changed: Sep 7
Last Checked: Oct 20 at 6:06AM
MLS# 509595
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.
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Investment Insights
Based on property information with market context.
This multifamily offering includes five quadplex buildings totaling 20 one-bedroom, one-bathroom units. The improvements contain 14,025 square feet on 1.08 acres and were built in 1993. Brick construction, composition roofs, central electric heating, central air conditioning, and public water serve the property. Unit appliances include refrigerators, stove/ranges, washers, dryers, and electric water heaters.
The property is located at 1907 Jason Avenue in Edinburg, near Sugar Road and Sprague. UTRGV, shopping and dining along University Drive, and Edinburg Bicentennial Park are identified nearby. Its Edinburg location and multi-building layout support residential income use across the five quadplexes.
The property is located at 1907 Jason Avenue in Edinburg, near Sugar Road and Sprague. UTRGV, shopping and dining along University Drive, and Edinburg Bicentennial Park are identified nearby. Its Edinburg location and multi-building layout support residential income use across the five quadplexes.
Key Highlights
- 20 total units across five quadplex buildings
- 14,025 square feet on 1.08 acres
- Each unit offers 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,756
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,635,120
$2.6M
Cap Rate 7%
$1,882,229
$1.9M
Cap Rate 9%
$1,463,956
$1.5M
Market Conditions
NOI Build-Up for 14,025 SF
Gross rent
$193.5K $13.80/SF
− Vacancy
−$5.3K −$0.38/SF
EGI
$188.2K $13.42/SF
− OpEx
−$56.5K −$4.03/SF
NOI
$131.8K $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%
$2,635,120
Cap Rate 7%
$1,882,229
Cap Rate 9%
$1,463,956
Alternative Uses
Best Use
Multifamily LT 5
$1.88M
$1.65M – $2.20M
NOI $131,756 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,744 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$3.64M
$3.18M – $4.25M
NOI $254,739 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
20
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
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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 - Five brick residential buildings provide 20 one-bedroom, one-bathroom units with central heating and air conditioning.
Where is this quadplex located?
The property is located at 1907 Jason Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: 20 total units across five quadplex buildings; 14,025 square feet on 1.08 acres; Each unit offers 1 bedroom and 1 bathroom
