For Sale
$390,000
422 W Chavez St W, Edinburg, TX 78541
Four leased units offer contemporary finishes, stainless steel appliances, and shared laundry facilities.
Property Size2,804 SF
Lot Size0.15 Acres
Price / SF$139.09
Days on Market166
Property Features for 422 W Chavez St W
General Information
Standard status
Active
Property type
Quadplexes, Multifamily properties, Residential income properties
Size
2,804 SF
Lot size
0.15 Acres
Building Details
Year Built
2019
Added: May 14
Changed: Oct 21
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,342
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,840
$526.8K
Cap Rate 7%
$376,314
$376.3K
Cap Rate 9%
$292,689
$292.7K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$38.7K $13.80/SF
− Vacancy
−$1.1K −$0.38/SF
EGI
$37.6K $13.42/SF
− OpEx
−$11.3K −$4.03/SF
NOI
$26.3K $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%
$526,840
Cap Rate 7%
$376,314
Cap Rate 9%
$292,689
Alternative Uses
Best Use
Multifamily LT 5
$376.3K
$329.3K – $439.0K
NOI $26,342 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$336.3K
$294.3K – $392.3K
NOI $23,540 @ 7.0% cap · market cap 6.04%
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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
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?
Quadplex - Four leased units offer contemporary finishes, stainless steel appliances, and shared laundry facilities.
Where is this quadplex 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.
