Four-Unit Multifamily
New
For Sale
$499,999
416 W Chavez Street, Edinburg, TX 78541
A 2023-built property contains four residential units across 4,320 square feet.
Property Size4,320 SF
Price / SF$115.74
Days on Market2
Property Features for 416 W Chavez Street
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Apartment
Additional Details
Multifamily Units
4
Building Details
Year Built
2023
Listing Agency:
Texus Realty
Listed By:
Israel Gutierrez · License #0558344
(512) 846-9332
Source:
Texusrealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 2 at 2:43AM
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 Texus Realty
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Investment Insights
Based on property information with market context.
Built in 2023, this multifamily property contains four residential units within 4,320 square feet. The four-unit configuration supports rental use, with the option to occupy one unit and lease the remaining units or rent all four.
The property is located at 416 W Chavez Street in Edinburg, Texas, near major roads, schools, and local amenities.
The property is located at 416 W Chavez Street in Edinburg, Texas, near major roads, schools, and local amenities.
Key Highlights
- Four residential units
- 4,320 square feet of building area
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,584
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,680
$811.7K
Cap Rate 7%
$579,771
$579.8K
Cap Rate 9%
$450,933
$450.9K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$59.6K $13.80/SF
− Vacancy
−$1.6K −$0.38/SF
EGI
$58.0K $13.42/SF
− OpEx
−$17.4K −$4.03/SF
NOI
$40.6K $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%
$811,680
Cap Rate 7%
$579,771
Cap Rate 9%
$450,933
Alternative Uses
Best Use
Multifamily LT 5
$579.8K
$507.3K – $676.4K
NOI $40,584 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$518.1K
$453.4K – $604.5K
NOI $36,268 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$1.12M
$980.8K – $1.31M
NOI $78,465 @ 7.0% cap · market cap 15.69%
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
729
Businesses Nearby
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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 - A 2023-built property contains four residential units across 4,320 square feet.
Where is this quadplex located?
The property is located at 416 W Chavez Street Edinburg, TX.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Four residential units; 4,320 square feet of building area; Built in 2023
