Five-Building Quadplex
New
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 Market1
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
Central, Electric (Heating)
Cooling system
Electric, Central Air
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
Last Checked: Sep 4 at 11:06PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$131,756
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
