Four-Home Multifamily
For Sale
$325,000
316 S Monmack Rd, Edinburg, TX 78539
Four residences offer furnished accommodations, existing leases, and separate utility infrastructure across a one-acre property.
Property Size3,066 SF
Lot Size1.00 Acre
Price / SF$106
Days on Market53
Property Features for 316 S Monmack Rd
General Information
Standard status
Active
Size
3,066 SF
Lot size
1.00 Acre
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA, 1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Additional Details
Furnished
Yes
Utilities to Site
Yes
Building Details
Year Built
2022
Listing Agency:
eXp Realty LLC
Listed By:
Israel Esquivel
(888) 519-7431
Source:
Aregtx
Added: Aug 19
Changed: Oct 7
Last Checked: Oct 7 at 3:17PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This multifamily property in Edinburg, TX spans 1 acre and includes four homes totaling 3,066 SF. The residential mix consists of two 3-bedroom homes, one 2-bedroom home with 2 baths, and one 1-bedroom home with 1 bath. The 2-bedroom, 2-bath residence was built in 2022, is furnished, and is ready for occupancy. Furniture conveys with the property, and two storage sheds contain remodeling materials intended for additional improvements.
All four homes are occupied, with leases in place for three residences. The property is served by 4 electric meters, 1 water meter, and 4 septic systems, allowing the homes to operate with separate electric and wastewater systems. The address is 316 S Monmack Rd, Edinburg, TX 78539.
All four homes are occupied, with leases in place for three residences. The property is served by 4 electric meters, 1 water meter, and 4 septic systems, allowing the homes to operate with separate electric and wastewater systems. The address is 316 S Monmack Rd, Edinburg, TX 78539.
Key Highlights
- Four homes totaling 3,066 SF on 1 acre
- Residential mix includes 3/2, 3/2, 2/2, and 1/1 homes
- 2022‑built 2‑bedroom, 2‑bath home is furnished and ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,740
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,800
$514.8K
Cap Rate 7%
$367,714
$367.7K
Cap Rate 9%
$286,000
$286.0K
Market Conditions
NOI Build-Up for 3,066 SF
Gross rent
$48.2K $15.72/SF
− Vacancy
−$1.4K −$0.46/SF
EGI
$46.8K $15.26/SF
− OpEx
−$21.1K −$6.87/SF
NOI
$25.7K $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%
$514,800
Cap Rate 7%
$367,714
Cap Rate 9%
$286,000
Alternative Uses
Best Use
Apartment 5plus
$367.7K
$321.8K – $429.0K
NOI $25,740 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$795.5K
$696.1K – $928.1K
NOI $55,688 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
200
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four residences offer furnished accommodations, existing leases, and separate utility infrastructure across a one-acre property.
Where is this multifamily property located?
The property is located at 316 S Monmack Rd Edinburg, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four homes totaling 3,066 SF on 1 acre; Residential mix includes 3/2, 3/2, 2/2, and 1/1 homes; 2022‑built 2‑bedroom, 2‑bath home is furnished and ready for occupancy
