Four-Unit
New
For Sale
$512,000
309 Baltic Avenue, Edinburg, TX 78539
Each residence features two bedrooms, two bathrooms, and tile flooring throughout.
Property Size5,120 SF
Price / SF$100
Days on Market2
Property Features for 309 Baltic Avenue
General Information
Standard status
Active
Size
5,120 SF
Total Parking Spaces
8
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Building Details
Year Built
2014
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:48PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
This 2014 quadplex contains four residences, each arranged with two bedrooms and two bathrooms. Tile flooring runs throughout the units, and the property provides 5,120 square feet of living space.
Eight covered carport spaces serve the property. The address is 309 Baltic Avenue in Edinburg, near UTRGV, shopping, restaurants, and everyday conveniences.
Eight covered carport spaces serve the property. The address is 309 Baltic Avenue in Edinburg, near UTRGV, shopping, restaurants, and everyday conveniences.
Key Highlights
- Four units, each with a 2‑bedroom, 2‑bath layout
- 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.
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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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence features two bedrooms, two bathrooms, and tile flooring throughout.
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 units, each with a 2‑bedroom, 2‑bath layout; 5,120 square feet of living space; Eight covered carport parking spaces
