4-Unit Quadplex with Fenced
New
For Sale
$539,000
608 N Emerald Avenue, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,224 SF
Lot Size0.23 Acres
Price / SF$127.60
Days on Market3
Property Features for 608 N Emerald Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking
8
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Disposal, Dryer, Microwave, Stove/Range-Electric Smooth, Washer
Subdivision
Gem Estates
Lot features
Curb & Gutters, Professional Landscaping, Sidewalks, Sprinkler System
Elementary school
Cavazos
Middle school
Longoria
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
North on McColl Rd. Left on Citrine. Right on Emerald.
Standard status
Active
APN
G291000000005500
Size
4,224 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3231
HOA Fee
$300 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
in-unit laundry
private fenced backyards
covered parking
walk-in showers
stainless steel appliances
Building Details
Year built
2026
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Veale Properties
(956) 897-0070
Listed By:
Carina Veale
(956) 607-8626
Added: Oct 16
Last Checked: Oct 18 at 9:06AM
MLS# 517823
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.
This four-unit quadplex at 608 N Emerald Avenue in Edinburg contains 4,224 square feet on a 0.2324-acre lot. Each residence has three bedrooms and two full bathrooms, with an open living and dining area, a kitchen with stainless steel appliances and quartz-style countertops, and tile flooring. In-unit laundry and a private fenced backyard serve each unit. The property is under construction and features stucco construction, a shingle roof, central electric heating and cooling, a patio, and a sprinkler system.
Covered parking and five electric meters are included. The property is in Gem Estates, with access to UTRGV, shopping, and major roadways.
Covered parking and five electric meters are included. The property is in Gem Estates, with access to UTRGV, shopping, and major roadways.
Key Highlights
- Four units, each with 3 bedrooms and 2 full bathrooms
- 4,224 square feet on a 0.2324‑acre lot
- Five electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,682
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,640
$793.6K
Cap Rate 7%
$566,886
$566.9K
Cap Rate 9%
$440,911
$440.9K
Market Conditions
NOI Build-Up for 4,224 SF
Gross rent
$58.3K $13.80/SF
− Vacancy
−$1.6K −$0.38/SF
EGI
$56.7K $13.42/SF
− OpEx
−$17.0K −$4.03/SF
NOI
$39.7K $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%
$793,640
Cap Rate 7%
$566,886
Cap Rate 9%
$440,911
Alternative Uses
Best Use
Multifamily LT 5
$566.9K
$496.0K – $661.4K
NOI $39,682 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$506.6K
$443.3K – $591.0K
NOI $35,462 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$1.10M
$959.0K – $1.28M
NOI $76,721 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
323
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 residences combine private outdoor space, in-unit laundry, and covered parking in a contemporary multifamily design.
Where is this quadplex located?
The property is located at 608 N Emerald Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2 full bathrooms; 4,224 square feet on a 0.2324‑acre lot; Five electric meters
