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 Market143
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 3 at 3:06PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,342
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
