Quadplex With Private
New
For Sale
$540,000
701 N Emerald Avenue, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Size4,478 SF
Lot Size0.23 Acres
Price / SF$120.59
Days on Market2
Property Features for 701 N Emerald Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking
8
Patio and Porch features
Patio
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Water Heater (Laundry Room), Dryer, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Gem Estates
Lot features
Professional Landscaping, Sidewalks, Sprinkler System
Elementary school
Cavazos
Middle school
Longoria
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Head north on Mccoll, Turn left on W Schunior st, Turn left on Emerald Ave, Building is on the Right hand side
Standard status
Active
APN
G291000000005900
Size
4,478 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3220
HOA Fee
$650 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
decorative living room ceilings
stylish fixtures
oversized laundry room doors
kitchen appliances included
private patio
Building Details
Year built
2026
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Omar Govea · License #TREC#0737918
(956) 929-2345
Added: Aug 4
Last Checked: Aug 5 at 4:06PM
MLS# 511548
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 four-unit residential property contains 4,478 square feet on a 0.2316-acre lot. Each residence is configured with three bedrooms and two bathrooms, along with a private patio, decorative living room ceilings, contemporary fixtures, and oversized laundry room doors. Kitchen appliances are included, and the property has stucco construction, shingle roofing, central electric heating and cooling, public water, and a sprinkler system.
The property is positioned in Gem Estates in Edinburg, near UTRGV, schools, hospitals, shopping centers, restaurants, and entertainment venues. Its four matching residences provide a consistent layout across the property, while separate patios and in-unit appliances add practical features for occupants.
The property is positioned in Gem Estates in Edinburg, near UTRGV, schools, hospitals, shopping centers, restaurants, and entertainment venues. Its four matching residences provide a consistent layout across the property, while separate patios and in-unit appliances add practical features for occupants.
Key Highlights
- Four‑unit property with 4,478 square feet of building area
- Situated on 0.2316 acres in Gem Estates
- Each unit includes 3 bedrooms and 2 bathrooms
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 | $61.8k | $13.80 |
| − Vacancy | −$1.7k | −$0.38 |
| EGI | $60.1k | $13.42 |
| − OpEx | −$18.0k | −$4.03 |
| NOI | $42.1k | $9.39 |
4,478 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$601.0K
$525.9K – $701.1K
NOI $42,068 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$537.1K
$469.9K – $626.6K
NOI $37,594 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,335 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
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
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 - Each residence includes three bedrooms, two bathrooms, appliances, and a dedicated laundry area.
Where is this quadplex located?
The property is located at 701 N Emerald Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Four‑unit property with 4,478 square feet of building area; Situated on 0.2316 acres in Gem Estates; Each unit includes 3 bedrooms and 2 bathrooms
