Four-Unit
309 Baltic Avenue, Edinburg, TX 78539
For Sale
$512,000
Residential Income, Edinburg, TX
Property Size5,120 SF
Lot Size0.30 Acres
Price / SF$100
Days on Market324
Property Features for 309 Baltic Avenue
General Information
Property type
Property subtype
Parking
Parking features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
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Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License TX #713189
(956) 599-8400
Added: Dec 21, 2025
Changed: Oct 8
Last Checked: Nov 9 at 7:06PM
MLS# 489005
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.
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Investment Insights
Based on property information with market context.
Built in 2014, this four-unit multifamily property contains approximately 5,120 square feet of living space on a 0.3005-acre lot. Each residence is configured with two bedrooms and two bathrooms, with tile flooring throughout. Brick and stucco construction, a composition roof, central heating, central air, and a public water source are among the property’s documented features.
The property is located in Edinburg near UTRGV, shopping, restaurants, and everyday conveniences. Its four-unit configuration provides a consistent residential layout across the building, while the electric water heater and central systems support the existing improvements.
The property is located in Edinburg near UTRGV, shopping, restaurants, and everyday conveniences. Its four-unit configuration provides a consistent residential layout across the building, while the electric water heater and central systems support the existing improvements.
Key Highlights
- Four‑unit multifamily property with 2‑bedroom, 2‑bath layouts in each unit
- Approximately 5,120 square feet of living space
- Situated on a 0.3005‑acre lot
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
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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
$198,300
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Edinburg, TX
Properties on Market for Quadplexes in Edinburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Brick and stucco multifamily property with consistent two-bedroom layouts and central heating and cooling.
Where is this quadplex located?
The property is located at 309 Baltic Avenue 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‑unit multifamily property with 2‑bedroom, 2‑bath layouts in each unit; Approximately 5,120 square feet of living space; Situated on a 0.3005‑acre lot
