3-Unit Triplex Near
For Sale
$550,000
201 S 1st Ave, Edinburg, TX 78539
Three residences feature private bedrooms, updated finishes, and in-unit laundry appliances in a student-oriented location.
Property Size4,571 SF
Price / SF$120.32
Days on Market49
Property Features for 201 S 1st Ave
General Information
Standard status
Active
Size
4,571 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 3BR/2.5BA
Multifamily Units
3
Building Details
Year Built
2013
Listing Agency:
RE/MAX Hacienda
Listed By:
Hector M. Guerra · License #TREC#0341517
(956) 605-6200
Source:
Aregtx
Added: Sep 4
Changed: Oct 7
Last Checked: Oct 7 at 1:46PM
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 RE/MAX Hacienda
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.
Built in 2013, this triplex contains three residences, each offering approximately 1,525 square feet of living area. Every unit includes three upstairs bedrooms, 2½ bathrooms, stainless steel stove, microwave and refrigerator, plus a standard white washer and dryer. Granite countertops run throughout the residences, while the main living spaces and bathrooms feature tile flooring and the bedrooms have laminate wood-style floors. The property contains approximately 4,571 square feet overall.
Located at 201 S 1st Ave in Edinburg, the property sits approximately two to three blocks from UTRGV. The three-unit configuration, individual laundry appliances and furnished kitchen packages provide a consistent setup across the residences.
Located at 201 S 1st Ave in Edinburg, the property sits approximately two to three blocks from UTRGV. The three-unit configuration, individual laundry appliances and furnished kitchen packages provide a consistent setup across the residences.
Key Highlights
- Three units, each with approximately 1,525 square feet of living area
- Each residence has 3 bedrooms and 2½ bathrooms
- Approximately 4,571 square feet overall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,942
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,840
$858.8K
Cap Rate 7%
$613,457
$613.5K
Cap Rate 9%
$477,133
$477.1K
Market Conditions
NOI Build-Up for 4,571 SF
Gross rent
$63.1K $13.80/SF
− Vacancy
−$1.7K −$0.38/SF
EGI
$61.3K $13.42/SF
− OpEx
−$18.4K −$4.03/SF
NOI
$42.9K $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%
$858,840
Cap Rate 7%
$613,457
Cap Rate 9%
$477,133
Alternative Uses
Best Use
Multifamily LT 5
$613.5K
$536.8K – $715.7K
NOI $42,942 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$548.2K
$479.7K – $639.6K
NOI $38,375 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,024 @ 7.0% cap · market cap 15.10%
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
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,073
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?
Triplex - Three residences feature private bedrooms, updated finishes, and in-unit laundry appliances in a student-oriented location.
Where is this triplex located?
The property is located at 201 S 1st Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three units, each with approximately 1,525 square feet of living area; Each residence has 3 bedrooms and 2½ bathrooms; Approximately 4,571 square feet overall
