Modern Fourplex Near
For Sale
$400,000
424 W Chavez St, Edinburg, TX 78541
Edinburg fourplex built in 2021, near UTRGV.
Property Size2,688 SF
Price / SF$148.81
Days on Market203
Property Features for 424 W Chavez St
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Multi-Family
Building Details
Year Built
2021
Listing Agency:
Trademark Real Estate Group
Listed By:
Francisco J. Montano
(956) 501-4929
Source:
Aregtx
Added: Mar 27
Changed: Oct 8
Last Checked: Oct 7 at 2:23PM
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 Trademark Real Estate Group
Investment Insights
Based on property information with market context.
This modern fourplex, constructed in 2021, is located in Edinburg, TX, near UTRGV. The property consists of three 1-bed, 1-bath units and one 2-bed, 1-bath unit, totaling 2,688 square feet of living space. The fourplex is divided into two buildings, each containing two units. The units feature tile flooring, and all appliances are included. A central HVAC system provides climate control. Wood fencing enhances privacy. This property presents a potential investment opportunity in a high-demand area.
Key Highlights
- Prime Location: Minutes from UTRGV, ideal for student tenants.
- Modern Construction: Built in 2021, ensuring contemporary features and minimal maintenance.
- Turnkey Ready: Includes all appliances and central HVAC system.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,252
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,040
$505.0K
Cap Rate 7%
$360,743
$360.7K
Cap Rate 9%
$280,578
$280.6K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$37.1K $13.80/SF
− Vacancy
−$1.0K −$0.38/SF
EGI
$36.1K $13.42/SF
− OpEx
−$10.8K −$4.03/SF
NOI
$25.3K $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%
$505,040
Cap Rate 7%
$360,743
Cap Rate 9%
$280,578
Alternative Uses
Best Use
Multifamily LT 5
$360.7K
$315.7K – $420.9K
NOI $25,252 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$322.4K
$282.1K – $376.1K
NOI $22,566 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$697.5K
$610.3K – $813.7K
NOI $48,823 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Edinburg fourplex built in 2021, near UTRGV.
Where is this quadplex located?
The property is located at 424 W Chavez St Edinburg, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Prime Location: Minutes from UTRGV, ideal for student tenants.; Modern Construction: Built in 2021, ensuring contemporary features and minimal maintenance.; Turnkey Ready: Includes all appliances and central HVAC system.
