Adjacent Fourplex Income
412408 Gastel Circle Edinburg, TX 78539
For Sale
$1,200,000
Two adjacent fourplexes total 8 units, with one vacant unit and the remaining units fully occupied.
Property Size3,879 SF
Price / SF$309.36
Days on Market8
Property Features for 412408 Gastel Circle
General Information
Standard status
Active
Size
3,879 SF
Property subtype
General Commercial
Building Details
Year Built
2023
Listing Agency:
(956) 888-0052
Listed By:
Winners Circle
(956) 888-0052
Source:
Xome
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 27 at 2:21AM
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.
Offered for sale together are two adjacent fourplex properties, including 408 and 412 Gastel Circle, comprising a total of 8 residential units. 412 Gastel Circle is fully occupied, while 408 Gastel Circle has one vacant unit, allowing showings to be scheduled with minimal disruption to current tenants.
The properties are described as being in an area with convenient access to UTRGV, shopping, dining, and major roadways, supporting ongoing rental demand. Public remarks indicate the investment is operating at an approximately 8.4% cap rate.
Owner financing is listed as a possible option with a strong down payment. Contact the listing agent for additional details on terms.
The properties are described as being in an area with convenient access to UTRGV, shopping, dining, and major roadways, supporting ongoing rental demand. Public remarks indicate the investment is operating at an approximately 8.4% cap rate.
Owner financing is listed as a possible option with a strong down payment. Contact the listing agent for additional details on terms.
Key Highlights
- Two adjacent fourplexes at 408 & 412 Gastel Circle totaling 8 units in Edinburg, TX.
- Current occupancy: 412 Gastel Circle is fully occupied; 408 Gastel Circle has 1 vacant unit for easier showings.
- Central air cooling and 3 guest facilities listed for the property.
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 3.04%
Second Best
Apartment 5plus
$465.2K
$407.1K – $542.8K
NOI $32,565 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.01M
$880.7K – $1.17M
NOI $70,455 @ 7.0% cap · market cap 5.87%
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 - Two adjacent fourplexes total 8 units, with one vacant unit and the remaining units fully occupied.
Where is this quadplex located?
The property is located at 412408 Gastel Circle Edinburg, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two adjacent fourplexes at 408 & 412 Gastel Circle totaling 8 units in Edinburg, TX.; Current occupancy: 412 Gastel Circle is fully occupied; 408 Gastel Circle has 1 vacant unit for easier showings.; Central air cooling and 3 guest facilities listed for the property.
