Edinburg Multifamily Investment
1907 Jason Avenue, Edinburg, TX 78539
Five 4-plexes near UTRGV, ideal for investors.
Type:Multifamily
Property size:
14,025 SFPrice / SF:
$117/SF- Added:
- Nov 6, 2024
- Days on Market:
- 572
- Last Refresh:
- May 12 at 9:06 pm
Property Features for 1907 Jason Avenue
General Information
- Standard status
- Active
- Size
- 14,025 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1993
Listing agent Carlos Cordova
Listing office RE/MAX Integrity
Listing date Nov 6, 2024
Source Crexi
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 RE/MAX Integrity
HighLights
- Portfolio of five 4‑plexes (20 units total) offers a significant investment opportunity.
- Prime location in Edinburg, near Sugar Rd. and Sprague, provides easy access to amenities.
- Proximity to UTRGV ensures consistent occupancy and rental income from students.
- Each unit features 1 bedroom and 1 bathroom, with over 700 square feet of living space.
- Located near shopping, dining on University Dr., and Edinburg Bicentennial Park.
- Properties are well‑maintained and were built in 1993.
Overview
This listing features five well-maintained 4-plexes, totaling 20 units. Each unit includes 1 bedroom and 1 bathroom, with just over 700 square feet of living space. The properties are located in Edinburg, near the intersection of Sugar Rd. and Sprague, providing convenient access to UTRGV, shopping and dining on University Dr., and Edinburg Bicentennial Park. This investment opportunity is suited for capitalizing on the demand for housing in the area. The proximity to UTRGV makes these 4-plexes an option for college students, potentially ensuring occupancy and rental income. The property size is 14025 square feet.
Local 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 | $193.5k | $13.80 |
| − Vacancy | −$5.3k | −$0.38 |
| EGI | $188.2k | $13.42 |
| − OpEx | −$56.5k | −$4.03 |
| NOI | $131.8k | $9.39 |
14,025 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.88M
$1.65M – $2.20M
NOI $131,756 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,744 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$3.64M
$3.18M – $4.25M
NOI $254,739 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.183129
- Latitude
- 26.2976329
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Five 4-plexes near UTRGV, ideal for investors.
Where is this quadplex located?
The property is located at 1907 Jason Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: Portfolio of five 4‑plexes (20 units total) offers a significant investment opportunity.; Prime location in Edinburg, near Sugar Rd. and Sprague, provides easy access to amenities.; Proximity to UTRGV ensures consistent occupancy and rental income from students.
