Four-Unit Multifamily
For Sale
$390,000
422 W Chavez St W, Edinburg, TX 78541
Two modern buildings feature updated interiors, on-site laundry, and covered parking with full occupancy.
Property Size2,804 SF
Price / SF$139.09
Days on Market98
Property Features for 422 W Chavez St W
General Information
Standard status
Active
Size
2,804 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
on-site laundry
Building Details
Year Built
2019
Buildings
2
Listing Agency:
RE/MAX elite
Listed By:
Gina Sears · License #712092
(956) 455-9216
Source:
Aregtx
Added: Jul 30
Changed: Oct 7
Last Checked: Oct 7 at 5:41PM
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 RE/MAX elite
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Investment Insights
Based on property information with market context.
This fully leased multifamily property includes two modern, well-maintained buildings totaling 2,804 square feet. The first building contains two units with 2 bedrooms and 1 bathroom each, while the second includes two units with 1 bedroom and 1 bathroom each. Built in 2019, the property features tile flooring, recessed lighting, open living and dining areas, stainless steel appliances, granite countertops, and ample cabinet space. An on-site laundry facility includes washers and dryers.
Located at 422 W Chavez St W in Edinburg, the property is minutes from UTRGV with access to I-69/281. The property also offers covered parking with two spaces in front and four in the rear, along with maintained landscaping. Schools, shopping, dining, and major roadways are identified nearby.
Located at 422 W Chavez St W in Edinburg, the property is minutes from UTRGV with access to I-69/281. The property also offers covered parking with two spaces in front and four in the rear, along with maintained landscaping. Schools, shopping, dining, and major roadways are identified nearby.
Key Highlights
- Four units across two buildings: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- 2,804‑square‑foot multifamily property built in 2019
- Fully leased with full occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,540
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,800
$470.8K
Cap Rate 7%
$336,286
$336.3K
Cap Rate 9%
$261,556
$261.6K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$44.1K $15.72/SF
− Vacancy
−$1.3K −$0.46/SF
EGI
$42.8K $15.26/SF
− OpEx
−$19.3K −$6.87/SF
NOI
$23.5K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,800
Cap Rate 7%
$336,286
Cap Rate 9%
$261,556
Alternative Uses
Best Use
Apartment 5plus
$336.3K
$294.3K – $392.3K
NOI $23,540 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$727.6K
$636.6K – $848.8K
NOI $50,930 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two modern buildings feature updated interiors, on-site laundry, and covered parking with full occupancy.
Where is this multifamily property located?
The property is located at 422 W Chavez St W Edinburg, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Four units across two buildings: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; 2,804‑square‑foot multifamily property built in 2019; Fully leased with full occupancy
