4-Unit Multifamily
New
For Sale
$370,000
3619 W Faith Hill St W, Edinburg, TX 78541
The property has existing tenants and is located near UTRGV in Edinburg.
Property Size3,780 SF
Price / SF$97.88
Days on Market4
Property Features for 3619 W Faith Hill St W
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Multi-Family
Building Details
Year Built
2004
Listing Agency:
Red & Co Realty Services
Listed By:
Stephany Cano
(956) 777-2127
Source:
Aregtx
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 2 at 11:46PM
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 Red & Co Realty Services
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 3,780 square feet and was built in 2004. Existing tenants occupy the property.
Located in Edinburg, the property is near UTRGV and sits at 3619 W Faith Hill St W.
Located in Edinburg, the property is near UTRGV and sits at 3619 W Faith Hill St W.
Key Highlights
- Four‑unit multifamily property with 3,780 square feet
- Built in 2004
- Existing tenants
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
$31,734
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
8.58%
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%
$634,680
$634.7K
Cap Rate 7%
$453,343
$453.3K
Cap Rate 9%
$352,600
$352.6K
Market Conditions
NOI Build-Up for 3,780 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
$59.4K $15.72/SF
− Vacancy
−$1.7K −$0.46/SF
EGI
$57.7K $15.26/SF
− OpEx
−$26.0K −$6.87/SF
NOI
$31.7K $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 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%
$634,680
Cap Rate 7%
$453,343
Cap Rate 9%
$352,600
Alternative Uses
Best Use
Multifamily LT 5
$507.3K
$443.9K – $591.9K
NOI $35,511 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$453.3K
$396.7K – $528.9K
NOI $31,734 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$980.8K
$858.2K – $1.14M
NOI $68,657 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
61
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - The property has existing tenants and is located near UTRGV in Edinburg.
Where is this quadplex located?
The property is located at 3619 W Faith Hill St W Edinburg, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 3,780 square feet; Built in 2004; Existing tenants
