Leased Fourplex Near
For Sale
Contact for pricing
3704 Valeria Street, Edinburg, TX 78541
Fully leased fourplex near UTRGV, restaurants, and shopping.
Property Size3,192 SF
Price / SF$144.11
Days on Market1024
Property Features for 3704 Valeria Street
General Information
Standard status
Active
Size
3,192 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2018
Buildings
2
Units
4
Listing Agency:
Imperio Real Estate LLC
(956) 803-0341
Listed By:
Vianey Rivera
Source:
Crexi
Added: Nov 11, 2023
Changed: Aug 16
Last Checked: Aug 28 at 10:12PM
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 Imperio Real Estate LLC
Investment Insights
Based on property information with market context.
This fourplex presents an investment opportunity with 100% occupancy. Each unit features 2 bedrooms and 2 baths. The units include spacious bedrooms and large kitchen countertops. The master baths are equipped with his and her sinks. The property is located minutes away from UTRGV, restaurants, shopping centers, and businesses in Edinburg. The property size is 3192 square feet.
Key Highlights
- 100% leased fourplex providing immediate rental income.
- Each unit features 2 bedrooms and 2 bathrooms.
- Minutes away from UTRGV, restaurants, shopping centers, and businesses.
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
$29,987
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
6.52%
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%
$599,740
$599.7K
Cap Rate 7%
$428,386
$428.4K
Cap Rate 9%
$333,189
$333.2K
Market Conditions
NOI Build-Up for 3,192 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
$44.0K $13.80/SF
− Vacancy
−$1.2K −$0.38/SF
EGI
$42.8K $13.42/SF
− OpEx
−$12.9K −$4.03/SF
NOI
$30.0K $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 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%
$599,740
Cap Rate 7%
$428,386
Cap Rate 9%
$333,189
Alternative Uses
Best Use
Multifamily LT 5
$428.4K
$374.8K – $499.8K
NOI $29,987 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$382.8K
$335.0K – $446.6K
NOI $26,798 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$828.2K
$724.7K – $966.3K
NOI $57,977 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
54
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 - Fully leased fourplex near UTRGV, restaurants, and shopping.
Where is this quadplex located?
The property is located at 3704 Valeria Street Edinburg, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 100% leased fourplex providing immediate rental income.; Each unit features 2 bedrooms and 2 bathrooms.; Minutes away from UTRGV, restaurants, shopping centers, and businesses.
