Fully Leased Multi-Unit
422 W Chavez Street W Edinburg, TX 78541
422 W Chavez Street W, Edinburg, TX, 78541
$390,000
For Sale
$390,000
MULTI_FAMILY - Edinburg, TX
Property Size2,804 SF
Lot Size0.15 Acres
Price / SF$139.09
Days on Market121
Property Features for 422 W Chavez Street W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Water Heater (Other Location), Microwave, Refrigerator, Stove/Range-Electric Smooth
- Standard status
- Active
- APN
- C805000002000201
- Size
- 2,804 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10583
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Composition
Listing Agency
RE/MAX elite
(956) 583-2100
2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX
Listed by
Gina Sears · License #712092
(956) 455-9216
Added: Mar 21 Checked: Jul 19 at 12:06 am
MLS# 481400
Listing URL
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This exceptional investment opportunity features two modern, well-maintained buildings in a prime location just minutes from UTRGV with easy access to I-69/281. The property is fully leased and offers steady rental income in a high-demand area close to schools, shopping, dining, and major roadways. The first building offers two spacious units with 2 bedrooms and 1 bathroom each, while the second building includes two units with 1 bedroom and 1 bathroom each. Each unit boasts contemporary finishes, including sleek tile flooring, recessed lighting, and open living and dining areas. The kitchens are equipped with stainless steel appliances, granite countertops, and ample cabinet space, combining style and functionality tenants appreciate. An on-site laundry facility with washers and dryers adds extra convenience. The property features covered parking with two spaces in the front and four in the rear. The property is situated on a 0.1467-acre lot and the buildings have a total area of 2804 square feet. With well-maintained landscaping and full occupancy, this turnkey property is located in Edinburg, Texas.
Key Highlights
- Fully Leased: Turnkey property providing immediate, steady rental income
- Prime Location: Minutes from UTRGV with easy access to I‑69/281, near schools, shopping, and dining
- Modern Units: Contemporary finishes including tile flooring, recessed lighting, and open living spaces
Local 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 | $38.7k | $13.80 |
| − Vacancy | −$1.1k | −$0.38 |
| EGI | $37.6k | $13.42 |
| − OpEx | −$11.3k | −$4.03 |
| NOI | $26.3k | $9.39 |
2,804 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Modern, well-maintained multi-family property near UTRGV with steady rental income.
Where is this quadplex located?
The property is located at 422 W Chavez Street 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: Fully Leased: Turnkey property providing immediate, steady rental income; Prime Location: Minutes from UTRGV with easy access to I‑69/281, near schools, shopping, and dining; Modern Units: Contemporary finishes including tile flooring, recessed lighting, and open living spaces
