Modern Quadplex with Covered
For Sale
$390,000
422 W Chavez Street W, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size2,804 SF
Lot Size0.15 Acres
Price / SF$139.09
Days on Market158
Property Features for 422 W Chavez Street W
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Water Heater (Other Location), Microwave, Refrigerator, Stove/Range-Electric Smooth
Subdivision
Coonrad
Lot features
Alley, Sidewalks
Elementary school
Austin
Middle school
Harwell
High school
Edinburg H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From Nolana and Expressway 281/169C, drive North on I69C towards Edinburg. Take the exit to Schunior/Chapin Rd, turn left/west on Schunior, drive around 1 mile and turn right to Closner Bvld/business 281. Turn left to W Chavez Street and you will find the property to your left side before the end of the street.
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
Amenities
on-site laundry facility
Building Details
Year built
2019
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Gina Sears · License #712092
(956) 455-9216
Added: May 14
Changed: Sep 21
Last Checked: Oct 18 at 10:06AM
MLS# 481400
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.
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Investment Insights
Based on property information with market context.
Built in 2019, this 2,804-square-foot quadplex comprises two buildings on a 0.1467-acre lot. The unit mix includes two 2-bedroom, 1-bath residences and two 1-bedroom, 1-bath residences. Interior features include tile flooring, recessed lighting, open living and dining areas, stainless steel appliances, granite countertops, and generous cabinet storage. An on-site laundry area includes washers and dryers, while covered parking provides two spaces at the front and four at the rear. The property also includes a sprinkler system, stucco construction, composition roofing, central air, electric heating, and public water service.
Located at 422 W Chavez Street W in Edinburg, the property is near UTRGV with access to I-69/281. Shopping, dining, schools, and major roadways are identified in the surrounding area. All four units are leased.
Located at 422 W Chavez Street W in Edinburg, the property is near UTRGV with access to I-69/281. Shopping, dining, schools, and major roadways are identified in the surrounding area. All four units are leased.
Key Highlights
- 2,804 SF quadplex completed in 2019
- 0.1467‑acre lot with two buildings
- Unit mix includes two 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath units
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.
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Property Analytics
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Current Use
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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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 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: 2,804 SF quadplex completed in 2019; 0.1467‑acre lot with two buildings; Unit mix includes two 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath units
