Edinburg Fourplex Investment
For Sale
Contact for pricing
3702 W Zelma Street, Edinburg, TX 78541
Four-unit property in Edinburg, currently leased, near UTRGV.
Property Size4,032 SF
Price / SF$109.13
Days on Market691
Property Features for 3702 W Zelma Street
General Information
Standard status
Active
Size
4,032 SF
Property subtype
Multifamily
Building Details
Year Built
2004
Listing Agency:
Keller Williams Realty RGV
(956) 566-8377
Listed By:
Maggie Harris · License #TREC # 0530155
Source:
Crexi
Added: Sep 13, 2024
Changed: Jul 6
Last Checked: Aug 3 at 9:11AM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This four-unit property in Edinburg presents an investment opportunity. The building is situated in a location near UTRGV, shopping centers, and restaurants. Each unit is currently leased. Interior features include tile flooring and spacious cabinets. All appliances are included. The property has a size of 4032 square feet.
Key Highlights
- Solid income property with all units currently leased.
- Turnkey investment with all appliances included.
- Convenient location near UTRGV, shopping centers, and restaurants.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.6k | $13.80 |
| − Vacancy | −$1.5k | −$0.38 |
| EGI | $54.1k | $13.42 |
| − OpEx | −$16.2k | −$4.03 |
| NOI | $37.9k | $9.39 |
4,032 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$541.1K
$473.5K – $631.3K
NOI $37,878 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$483.6K
$423.1K – $564.2K
NOI $33,850 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$1.05M
$915.4K – $1.22M
NOI $73,234 @ 7.0% cap · market cap 16.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
72
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 - Four-unit property in Edinburg, currently leased, near UTRGV.
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 $440,000.
What are key features of this property?
This property features: Solid income property with all units currently leased.; Turnkey investment with all appliances included.; Convenient location near UTRGV, shopping centers, and restaurants.
