Four-Unit Property with Mixed Unit
For Sale
$475,000
409 Downing Avenue, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size4,080 SF
Lot Size0.23 Acres
Price / SF$116.42
Days on Market59
Property Features for 409 Downing Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Patio and Porch features
Patio
Exterior features
Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Smooth Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
Subdivision
Mon Mack Landing
Lot features
Alley, Curb & Gutters, Sidewalks
Elementary school
Trevino
Middle school
Longoria
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Heading north on 10t St, make a right on Sprague St. Left on Mon Mack Rd. Left on Garfield Ave. Right on Downing Ave.
Standard status
Active
APN
M566501000005800
Size
4,080 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
9991
HOA Fee
$500 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2017
Number of units
4
Building materials
Stone, Stucco
Roof type
Shingle
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Preshina Samtani · License #617748
(956) 460-7763
Added: Aug 18
Changed: Sep 14
Last Checked: Oct 15 at 12:06PM
MLS# 512999
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.
Investment Insights
Based on property information with market context.
Built in 2017, this four-unit residential property contains 4,080 square feet across two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units. Each residence has tile flooring, a refrigerator, stove, microwave, washer, and dryer. Central electric heating and cooling serve the property, with electric water heating and a shingle roof.
The 0.2314-acre site is located at 409 Downing Avenue in Edinburg, Texas 78539. Exterior features include a patio, privacy fencing, and a sprinkler system. The property has stone and stucco construction, public water service, and no listed parking features.
The 0.2314-acre site is located at 409 Downing Avenue in Edinburg, Texas 78539. Exterior features include a patio, privacy fencing, and a sprinkler system. The property has stone and stucco construction, public water service, and no listed parking features.
Key Highlights
- Two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units
- 4,080 square feet on a 0.2314‑acre site
- Built in 2017 with stone and stucco construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,329
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,580
$766.6K
Cap Rate 7%
$547,557
$547.6K
Cap Rate 9%
$425,878
$425.9K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$56.3K $13.80/SF
− Vacancy
−$1.5K −$0.38/SF
EGI
$54.8K $13.42/SF
− OpEx
−$16.4K −$4.03/SF
NOI
$38.3K $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%
$766,580
Cap Rate 7%
$547,557
Cap Rate 9%
$425,878
Alternative Uses
Best Use
Multifamily LT 5
$547.6K
$479.1K – $638.8K
NOI $38,329 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$489.3K
$428.2K – $570.9K
NOI $34,253 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$1.06M
$926.3K – $1.24M
NOI $74,106 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a mix of two- and three-bedroom layouts with in-unit appliances and tile flooring.
Where is this quadplex located?
The property is located at 409 Downing Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units; 4,080 square feet on a 0.2314‑acre site; Built in 2017 with stone and stucco construction
