Fourplex with Covered
For Sale
$512,000
303 Baltic Ave, Edinburg, TX 78539
Four matching residences each provide two bedrooms, two bathrooms, and tile flooring throughout.
Property Size5,120 SF
Price / SF$100
Days on Market9
Property Features for 303 Baltic Ave
General Information
Standard status
Active
Size
5,120 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Building Details
Year Built
2014
Listing Agency:
Keller Williams Realty RGV
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 566-8377
Source:
Aregtx
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 7 at 4:28PM
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.
Built in 2014, this four-unit residential income property contains approximately 5,120 square feet of living area. Each residence is configured with two bedrooms and two bathrooms, with tile flooring throughout. Eight covered carport spaces serve the property.
The property is at 303 Baltic Ave in Edinburg, near UTRGV, shopping, restaurants, and everyday conveniences.
The property is at 303 Baltic Ave in Edinburg, near UTRGV, shopping, restaurants, and everyday conveniences.
Key Highlights
- Four units, each with a 2‑bedroom, 2‑bath layout
- Approximately 5,120 square feet of living space
- Eight covered carport parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,984
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,680
$859.7K
Cap Rate 7%
$614,057
$614.1K
Cap Rate 9%
$477,600
$477.6K
Market Conditions
NOI Build-Up for 5,120 SF
Gross rent
$80.5K $15.72/SF
− Vacancy
−$2.3K −$0.46/SF
EGI
$78.2K $15.26/SF
− OpEx
−$35.2K −$6.87/SF
NOI
$43.0K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,680
Cap Rate 7%
$614,057
Cap Rate 9%
$477,600
Alternative Uses
Best Use
Multifamily LT 5
$687.1K
$601.2K – $801.7K
NOI $48,099 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$614.1K
$537.3K – $716.4K
NOI $42,984 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,996 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
693
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four matching residences each provide two bedrooms, two bathrooms, and tile flooring throughout.
Where is this quadplex located?
The property is located at 303 Baltic Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $512,000.
What are key features of this property?
This property features: Four units, each with a 2‑bedroom, 2‑bath layout; Approximately 5,120 square feet of living space; Eight covered carport parking spaces
