Fourplex with Private
New
For Sale
$515,000
2308 S Hillside Avenue, Edinburg, TX 78542
Residential Income, Edinburg, TX
Property Size4,164 SF
Lot Size0.34 Acres
Price / SF$123.68
Days on Market2
Property Features for 2308 S Hillside Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking
8
Parking features
Other
Patio and Porch features
Patio
Exterior features
Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
Subdivision
Canton Hills Subdivision
Lot features
Curb & Gutters, Sidewalks, Sprinkler System
Elementary school
Travis
Middle school
Barrientes
High school
Edinburg H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Driving East on Canton, past Raul Longoria, left on S Hilltop Ave. Left on E Hillview Ave. Right on Hillside Ave.
Standard status
Active
APN
V384300000002300
Size
4,164 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1300
HOA Fee
$750 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
tile flooring
luxury lighting
private patios
Building Details
Year built
2026
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Sabita Mahtani
(956) 371-3393
Added: Oct 6
Last Checked: Oct 7 at 7:06PM
MLS# 517187
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 fourplex is under construction on a 0.3394-acre corner parcel and contains 4,164 square feet of living area. Its unit mix includes two residences with three bedrooms and two bathrooms each, plus two with two bedrooms and two bathrooms each. Tile flooring, upgraded lighting, and a private patio for every residence are part of the design.
The property is a few blocks from Expressway 281, near Walmart Supercenter and UTRGV Stadium, and across from Los Lagos Golf Course. Exterior details include stucco construction, privacy fencing, and a sprinkler system.
The property is a few blocks from Expressway 281, near Walmart Supercenter and UTRGV Stadium, and across from Los Lagos Golf Course. Exterior details include stucco construction, privacy fencing, and a sprinkler system.
Key Highlights
- Four units: two 3‑bedroom, 2‑bath residences and two 2‑bedroom, 2‑bath residences
- 4,164 square feet of living area on a 0.3394‑acre corner parcel
- Private patio provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,118
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,360
$782.4K
Cap Rate 7%
$558,829
$558.8K
Cap Rate 9%
$434,644
$434.6K
Market Conditions
NOI Build-Up for 4,164 SF
Gross rent
$57.5K $13.80/SF
− Vacancy
−$1.6K −$0.38/SF
EGI
$55.9K $13.42/SF
− OpEx
−$16.8K −$4.03/SF
NOI
$39.1K $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%
$782,360
Cap Rate 7%
$558,829
Cap Rate 9%
$434,644
Alternative Uses
Best Use
Multifamily LT 5
$558.8K
$489.0K – $652.0K
NOI $39,118 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$499.4K
$437.0K – $582.6K
NOI $34,958 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.08M
$945.4K – $1.26M
NOI $75,632 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 78542, TX
84,678
Population
25,198
Households
3.4
Avg Household Size
28
Median Age
13%
College-Educated
64%
High-School Grad
176.0 sq mi
ZIP Area
481
Density / Sq Mi
$52,962
Median Household Income
$30,377
Median Earnings
$876
Median Rent
$123,500
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
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Frequently Asked Questions
What type of property is this?
Quadplex - The four-unit layout combines two- and three-bedroom residences, each with two bathrooms.
Where is this quadplex located?
The property is located at 2308 S Hillside Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Four units: two 3‑bedroom, 2‑bath residences and two 2‑bedroom, 2‑bath residences; 4,164 square feet of living area on a 0.3394‑acre corner parcel; Private patio provided for each unit
