Multifamily Property with
For Sale
$395,000
918 Stonehaven Blvd, Edinburg, TX 78539
Two-bedroom residences offer open living areas, kitchens, dining space, and access to covered parking.
Property Size3,478 SF
Price / SF$113.57
Days on Market15
Property Features for 918 Stonehaven Blvd
General Information
Standard status
Active
Size
3,478 SF
Total Parking Spaces
8
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,319
Amenities
swimming pool
Listing Agency:
Tierra Frontera LLC
(956) 307-4544
Listed By:
Jessica Marroquin
(956) 536-2715
Source:
Exprealty
Added: Aug 19
Changed: Aug 21
Last Checked: Sep 2 at 1:47AM
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 Tierra Frontera LLC
Investment Insights
Based on property information with market context.
This multifamily property includes residences configured with two bedrooms and two bathrooms apiece. Interior layouts provide open-concept living areas alongside kitchens and dedicated dining space. The property also features a swimming pool and eight covered parking spaces.
Located on Stonehaven Blvd in Edinburg, the property is near UTRGV, shopping, restaurants, community parks, baseball facilities, and everyday services. Its nearby university, retail, recreation, and dining options provide a range of surrounding amenities for residents. The combination of residential layouts, on-site parking, and pool access defines the property’s physical offering.
Located on Stonehaven Blvd in Edinburg, the property is near UTRGV, shopping, restaurants, community parks, baseball facilities, and everyday services. Its nearby university, retail, recreation, and dining options provide a range of surrounding amenities for residents. The combination of residential layouts, on-site parking, and pool access defines the property’s physical offering.
Key Highlights
- Two‑bedroom, two‑bathroom layout in each unit
- Open‑concept living areas with spacious kitchens and dining space
- Swimming pool on the property
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
$29,199
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
7.39%
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%
$583,980
$584.0K
Cap Rate 7%
$417,129
$417.1K
Cap Rate 9%
$324,433
$324.4K
Market Conditions
NOI Build-Up for 3,478 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
$54.7K $15.72/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$53.1K $15.26/SF
− OpEx
−$23.9K −$6.87/SF
NOI
$29.2K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
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%
$583,980
Cap Rate 7%
$417,129
Cap Rate 9%
$324,433
Alternative Uses
Best Use
Apartment 5plus
$417.1K
$365.0K – $486.7K
NOI $29,199 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$902.5K
$789.7K – $1.05M
NOI $63,172 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
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?
Multifamily property - Two-bedroom residences offer open living areas, kitchens, dining space, and access to covered parking.
Where is this multifamily property located?
The property is located at 918 Stonehaven Blvd Edinburg, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom layout in each unit; Open‑concept living areas with spacious kitchens and dining space; Swimming pool on the property
