Fully Leased
For Sale
$450,000
3616 Hawthorne Avenue, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size3,360 SF
Lot Size0.24 Acres
Price / SF$133.93
Days on Market148
Property Features for 3616 Hawthorne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Patio and Porch features
Patio
Fencing
Privacy
Appliances
Electric Water Heater, Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Sprague Village
Lot features
Corner Lot, Curb & Gutters, Professional Landscaping, Sidewalks
Elementary school
Trevino
Middle school
Elias Longoria
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From U.S Highway 281, exit on University Drive (FM 107) and head east. Turn north onto Sugar Road, then turn east into Sprague Village subdivision. Continue to Hawthorne Avenue, property will be on site.
Standard status
Active
APN
S544300000018800
Size
3,360 SF
Lot size
0.24 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8060
HOA Fee
$725 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2020
Floors in Building
1
Number of units
4
Building materials
Brick, Stucco
Roof type
Shingle
Buildings
2
Listing Agency:
BIG Realty
Listed By:
Ricardo Benavides
(956) 465-0011
Added: Jun 10
Changed: Oct 26
Last Checked: Nov 4 at 1:06PM
MLS# 498316
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 2020, this 3,360-square-foot quadplex contains four residential units arranged across two buildings. Building 1 offers two one-bedroom, one-bath units, while Building 2 contains two two-bedroom, two-bath units, creating a total of 6 bedrooms and 6 bathrooms. All four units are currently leased.
The property sits on 0.2445 acres in Sprague Village in Edinburg and is served by Edinburg CISD. Improvements include brick and stucco construction, shingle roofing, central electric heating and cooling, public water, garage parking, patios, and privacy fencing. Each unit is equipped with a refrigerator, electric range, microwave, washer, and dryer.
The property sits on 0.2445 acres in Sprague Village in Edinburg and is served by Edinburg CISD. Improvements include brick and stucco construction, shingle roofing, central electric heating and cooling, public water, garage parking, patios, and privacy fencing. Each unit is equipped with a refrigerator, electric range, microwave, washer, and dryer.
Key Highlights
- 4 units with 6 bedrooms and 6 bathrooms total
- Unit mix includes two 1 bed/1 bath units and two 2 bed/2 bath units
- All four units are currently leased
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
308
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with a balanced unit mix, private patios, garage parking, and current occupancy.
Where is this quadplex located?
The property is located at 3616 Hawthorne Avenue 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: 4 units with 6 bedrooms and 6 bathrooms total; Unit mix includes two 1 bed/1 bath units and two 2 bed/2 bath units; All four units are currently leased
