Edinburg Fourplex Investment
For Sale
$384,750
3709 W Faith Hill St, Edinburg, TX 78541
Well-maintained fourplex in Edinburg, Texas with strong investment potential.
Property Size3,780 SF
Price / SF$101.79
Days on Market214
Property Features for 3709 W Faith Hill St
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Multi-Family
Building Details
Year Built
2004
Listing Agency:
Icon Realty STX
Listed By:
Christopher J. Garcia
(305) 457-7542
Source:
Aregtx
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 7 at 1:07PM
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 Icon Realty STX
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Investment Insights
Based on property information with market context.
Located in Edinburg, Texas, this fourplex represents an investment opportunity. The property contains four units, each featuring 2 bedrooms and 2 full bathrooms. The building has been freshly painted inside and out. The property is situated in a neighborhood close to schools, shopping centers, dining options, and major highways. The property contains 3,780 square feet.
Key Highlights
- Excellent return on investment potential.
- Four units, each with 2 bedrooms and 2 full bathrooms.
- All units are currently occupied.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,734
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
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
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 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 9.23%
Second Best
Apartment 5plus
$453.3K
$396.7K – $528.9K
NOI $31,734 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$980.8K
$858.2K – $1.14M
NOI $68,657 @ 7.0% cap · market cap 17.84%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex in Edinburg, Texas with strong investment potential.
Where is this quadplex located?
The property is located at 3709 W Faith Hill St Edinburg, TX.
What is the asking price?
The asking price for this property is $384,750.
What are key features of this property?
This property features: Excellent return on investment potential.; Four units, each with **2 bedrooms and 2 full bathrooms**.; All units are currently occupied.
