2023 Four-Unit
For Sale
$425,000
3702 W Zelma Street, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,032 SF
Lot Size0.23 Acres
Price / SF$105.41
Days on Market48
Property Features for 3702 W Zelma Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
None
Fencing
Privacy
Appliances
Electric Water Heater, Oven-Microwave, Stove/Range-Electric Smooth
Subdivision
Mon Mack Terrace #2
Elementary school
Flores-Zapata
Middle school
B.L. Garza
High school
Edinburg H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From University Street "Highway 107" and Monmack, drive North on Monmack past Schunior Road. Passing Schunior Road, Zelma Street will be on your left. Apartment 4-plex will be on your left hand side
Standard status
Active
APN
M572002000002200
Size
4,032 SF
Lot size
0.23 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8605
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
2023
Floors in Building
1
Number of units
4
Building materials
Brick
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Maggie Harris · License #TREC#0530155
(956) 821-9990
Added: Sep 18
Changed: Oct 26
Last Checked: Nov 4 at 1:06PM
MLS# 515719
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 2023, this four-unit residential income property contains 4,032 square feet across a 0.2324-acre site. Each residence includes tile flooring, spacious cabinets, and an appliance package with an electric water heater, oven-microwave, and electric smooth-top range. Central air conditioning and electric central heating serve the building, which is constructed with brick and enclosed by privacy fencing.
All four units are currently leased. The property is located at 3702 W Zelma Street in Edinburg, near UTRGV, shopping centers, and restaurants. There is no designated on-site parking, and the property is within the 78541 postal code.
All four units are currently leased. The property is located at 3702 W Zelma Street in Edinburg, near UTRGV, shopping centers, and restaurants. There is no designated on-site parking, and the property is within the 78541 postal code.
Key Highlights
- Four‑unit quadplex built in 2023
- 4,032 square feet on a 0.2324‑acre site
- All units currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,878
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,560
$757.6K
Cap Rate 7%
$541,114
$541.1K
Cap Rate 9%
$420,867
$420.9K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$55.6K $13.80/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$54.1K $13.42/SF
− OpEx
−$16.2K −$4.03/SF
NOI
$37.9K $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%
$757,560
Cap Rate 7%
$541,114
Cap Rate 9%
$420,867
Alternative Uses
Best Use
Multifamily LT 5
$541.1K
$473.5K – $631.3K
NOI $37,878 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$483.6K
$423.1K – $564.2K
NOI $33,850 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$1.05M
$915.4K – $1.22M
NOI $73,234 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
67
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased quadplex with tile flooring, generous cabinetry, and appliances included in every unit.
Where is this quadplex located?
The property is located at 3702 W Zelma Street Edinburg, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 2023; 4,032 square feet on a 0.2324‑acre site; All units currently leased
