Fully Occupied Fourplex Near
412 Gastel Circle Edinburg, TX 78539
For Sale
Contact for pricing
Fully occupied fourplex with updated interiors, tile flooring, contemporary kitchens, and in-unit washer and dryer.
Property Size3,879 SF
Price / SF$131.48
Days on Market93
Property Features for 412 Gastel Circle
General Information
Standard status
Active
Size
3,879 SF
Property subtype
Multifamily
Building Details
Year Built
2023
Listing Agency:
WINNERS CIRCLE
(956) 888-0052
Listed By:
Candice Clayton
Source:
Crexi
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 29 at 5:06PM
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 WINNERS CIRCLE
Investment Insights
Based on property information with market context.
This fully occupied fourplex features a modern layout across four units with updated finishes. Interiors include tile flooring throughout, contemporary kitchens, and in-unit washer and dryer connections, supporting day-to-day convenience for residents.
The property is located directly in front of UTRGV, with convenient access described to campus as well as nearby shopping, dining, and major roadways.
With stable occupancy and consistent income potential noted in the listing remarks, this is positioned as a turnkey income-producing property for buyers seeking a four-unit residential income asset.
The property is located directly in front of UTRGV, with convenient access described to campus as well as nearby shopping, dining, and major roadways.
With stable occupancy and consistent income potential noted in the listing remarks, this is positioned as a turnkey income-producing property for buyers seeking a four-unit residential income asset.
Key Highlights
- Fully occupied fourplex (year built 2023) directly in front of UTRGV
- Each unit features tile flooring throughout
- Contemporary kitchens in each unit
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 | $53.5k | $13.80 |
| − Vacancy | −$1.5k | −$0.38 |
| EGI | $52.1k | $13.42 |
| − OpEx | −$15.6k | −$4.03 |
| NOI | $36.4k | $9.39 |
3,879 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$520.6K
$455.5K – $607.4K
NOI $36,441 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$465.2K
$407.1K – $542.8K
NOI $32,565 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.01M
$880.7K – $1.17M
NOI $70,455 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied fourplex with updated interiors, tile flooring, contemporary kitchens, and in-unit washer and dryer.
Where is this quadplex located?
The property is located at 412 Gastel Circle Edinburg, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Fully occupied fourplex (year built 2023) directly in front of UTRGV; Each unit features tile flooring throughout; Contemporary kitchens in each unit
