Gated Four-Unit
New
For Sale
$490,000
3420 Golden Nugget, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,234 SF
Lot Size0.24 Acres
Price / SF$115.73
Days on Market4
Property Features for 3420 Golden Nugget
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Exterior features
Mature Trees, Sprinkler System
Appliances
Electric Water Heater, Water Heater (Laundry Room), Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Montecito Ph 1
Lot features
Mature Trees, Sprinkler System
Elementary school
Truman
Middle school
B.L. Garza
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Right on Montecristo south side of the road, betwen Sugar and Jackson.
Standard status
Active
APN
M574500003003000
Size
4,234 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12199
HOA Fee
$625 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
stainless steel appliances
in-unit washer and dryer
covered parking
gated community
large backyards
Building Details
Year built
2020
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
Realty One Group Right Choice
(956) 587-9237
Listed By:
Vikki R. Wright
(720) 840-1013
Added: Aug 27
Last Checked: Aug 30 at 1:06PM
MLS# 513488
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.
Completed in 2020, this four-unit quadplex contains 4,234 square feet on a 0.2358-acre parcel. The unit mix includes two two-bedroom, two-bath residences and two three-bedroom, two-bath residences. Interior features include modern kitchens with stainless steel appliances, in-unit washers and dryers, central air conditioning, and electric heating. The three-bedroom units also include large backyards.
The property is situated in a gated community near the University of Texas Rio Grande Valley and the expressway. Covered parking, mature trees, and an irrigation system are included. Public water service, stucco construction, and a composition roof complete the property profile.
The property is situated in a gated community near the University of Texas Rio Grande Valley and the expressway. Covered parking, mature trees, and an irrigation system are included. Public water service, stucco construction, and a composition roof complete the property profile.
Key Highlights
- Four‑unit quadplex totaling 4,234 square feet
- 0.2358‑acre parcel with a 2020 construction date
- Unit mix includes two 2‑bedroom/2‑bath and two 3‑bedroom/2‑bath residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,776
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,520
$795.5K
Cap Rate 7%
$568,229
$568.2K
Cap Rate 9%
$441,956
$442.0K
Market Conditions
NOI Build-Up for 4,234 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.4K $13.80/SF
− Vacancy
−$1.6K −$0.38/SF
EGI
$56.8K $13.42/SF
− OpEx
−$17.0K −$4.03/SF
NOI
$39.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$795,520
Cap Rate 7%
$568,229
Cap Rate 9%
$441,956
Alternative Uses
Best Use
Multifamily LT 5
$568.2K
$497.2K – $662.9K
NOI $39,776 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$507.8K
$444.3K – $592.4K
NOI $35,546 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$1.10M
$961.3K – $1.28M
NOI $76,903 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Recently built income property with varied floor plans, private outdoor space, and covered parking.
Where is this quadplex located?
The property is located at 3420 Golden Nugget Edinburg, TX.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 4,234 square feet; 0.2358‑acre parcel with a 2020 construction date; Unit mix includes two 2‑bedroom/2‑bath and two 3‑bedroom/2‑bath residences
