Fourplex with No Shared
New
For Sale
$445,000
2123 Western Dr, Edinburg, TX 78539
Fourplex built in 2005 with no shared walls and 100% occupancy.
Property Size4,052 SF
Price / SF$109.82
Days on Market5
Property Features for 2123 Western Dr
General Information
Standard status
Active
Size
4,052 SF
Property subtype
Multi-Family
Occupancy
100%
Building Details
Year Built
2005
Listing Agency:
Keller Williams Realty RGV
(956) 279-8829
Listed By:
Robert Kirby · License #TREC#687948
Source:
Aregtx
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 2 at 9:34AM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This quadplex/fourplex features separate, bungalow-style units with no shared walls. The property is 100% occupied, supported by an excellent rental history and steady occupancy. It was built in 2005 and totals 4,052 SF.
The property is located at 2123 Western Dr in Edinburg, TX, and is described as being just minutes from DHR and popular restaurants, shopping, and grocery stores.
For tenants and operators seeking an income-producing residential rental configuration, the combination of independent unit design and current occupancy status is a straightforward, turnkey consideration based on the information provided.
The property is located at 2123 Western Dr in Edinburg, TX, and is described as being just minutes from DHR and popular restaurants, shopping, and grocery stores.
For tenants and operators seeking an income-producing residential rental configuration, the combination of independent unit design and current occupancy status is a straightforward, turnkey consideration based on the information provided.
Key Highlights
- No shared walls between units
- 100% occupied fourplex
- Built in 2005
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.9k | $13.80 |
| − Vacancy | −$1.5k | −$0.38 |
| EGI | $54.4k | $13.42 |
| − OpEx | −$16.3k | −$4.03 |
| NOI | $38.1k | $9.39 |
4,052 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.8K
$475.8K – $634.4K
NOI $38,066 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$486.0K
$425.2K – $567.0K
NOI $34,018 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$1.05M
$920.0K – $1.23M
NOI $73,597 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,589
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 - Fourplex built in 2005 with no shared walls and 100% occupancy.
Where is this quadplex located?
The property is located at 2123 Western Dr Edinburg, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: No shared walls between units; 100% occupied fourplex; Built in 2005
