Four-Unit
For Sale
$450,000
3616 Hawthorne Ave, Edinburg, TX 78539
Two buildings provide a mix of one- and two-bedroom apartment layouts.
Property Size3,360 SF
Price / SF$133.93
Days on Market211
Property Features for 3616 Hawthorne Ave
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,060
Building Details
Buildings
2
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Amy Arias
(956) 855-3538
Source:
Exprealty
Added: Mar 19
Changed: Oct 15
Last Checked: Oct 14 at 11:48PM
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 BIG Realty
Investment Insights
Based on property information with market context.
This 3,360-square-foot quadplex contains four residential units arranged across two buildings. One building has two 1-bedroom, 1-bath units, while the second contains two 2-bedroom, 2-bath units, totaling 6 bedrooms and 6 bathrooms. Three units are leased, and one is vacant for an incoming resident or owner-occupant.
The property is located in Sprague Village in Edinburg, within Edinburg CISD. Shopping, dining, and major roadways are nearby, providing convenient access to everyday services and transportation routes.
The property is located in Sprague Village in Edinburg, within Edinburg CISD. Shopping, dining, and major roadways are nearby, providing convenient access to everyday services and transportation routes.
Key Highlights
- Four units across two buildings
- 3,360 square feet with 6 bedrooms and 6 bathrooms total
- Unit mix includes two 1 bed/1 bath units and two 2 bed/2 bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,565
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,300
$631.3K
Cap Rate 7%
$450,929
$450.9K
Cap Rate 9%
$350,722
$350.7K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$46.4K $13.80/SF
− Vacancy
−$1.3K −$0.38/SF
EGI
$45.1K $13.42/SF
− OpEx
−$13.5K −$4.03/SF
NOI
$31.6K $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 Rate 5%
$631,300
Cap Rate 7%
$450,929
Cap Rate 9%
$350,722
Alternative Uses
Best Use
Multifamily LT 5
$450.9K
$394.6K – $526.1K
NOI $31,565 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$403.0K
$352.6K – $470.1K
NOI $28,208 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$871.8K
$762.9K – $1.02M
NOI $61,028 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
369
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
Check the figures for this property
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 - Two buildings provide a mix of one- and two-bedroom apartment layouts.
Where is this quadplex located?
The property is located at 3616 Hawthorne Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four units across two buildings; 3,360 square feet with 6 bedrooms and 6 bathrooms total; Unit mix includes two 1 bed/1 bath units and two 2 bed/2 bath units
