Four-Unit Multifamily
New
For Sale
$465,000
3905 Hawthorne Avenue, Edinburg, TX 78539
Gated community apartments offer in-unit laundry and private backyards.
Property Size3,940 SF
Price / SF$118.02
Days on Market2
Property Features for 3905 Hawthorne Avenue
General Information
Standard status
Active
Size
3,940 SF
Property subtype
Quadruplex
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
4
Amenities
gated community
private backyard
washer and dryer included
Building Details
Year Built
2018
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 1 at 2:58PM
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 SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
Built in 2018, this four-unit multifamily property contains 3,940 square feet. The unit mix includes one 1-bedroom, 1-bathroom apartment, two 2-bedroom, 2-bathroom apartments, and one 3-bedroom, 2-bathroom apartment. Interiors feature open living areas, tile flooring, granite kitchen countertops, and stainless steel stoves, microwaves, and refrigerators. Each apartment also has a washer and dryer and a private backyard.
The property is located in the gated Sprague Village community in Edinburg, Texas.
The property is located in the gated Sprague Village community in Edinburg, Texas.
Key Highlights
- Four apartments with a mix of one-, two-, and three‑bedroom layouts
- 3,940 square feet across the property
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,014
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,280
$740.3K
Cap Rate 7%
$528,771
$528.8K
Cap Rate 9%
$411,267
$411.3K
Market Conditions
NOI Build-Up for 3,940 SF
Gross rent
$54.4K $13.80/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$52.9K $13.42/SF
− OpEx
−$15.9K −$4.03/SF
NOI
$37.0K $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 Rate 5%
$740,280
Cap Rate 7%
$528,771
Cap Rate 9%
$411,267
Alternative Uses
Best Use
Multifamily LT 5
$528.8K
$462.7K – $616.9K
NOI $37,014 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$472.5K
$413.5K – $551.3K
NOI $33,077 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$1.02M
$894.5K – $1.19M
NOI $71,563 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
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Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
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 - Gated community apartments offer in-unit laundry and private backyards.
Where is this quadplex located?
The property is located at 3905 Hawthorne Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Four apartments with a mix of one-, two-, and three‑bedroom layouts; 3,940 square feet across the property; Built in 2018
