Multifamily Property with
For Sale
$395,000
918 Stonehaven Boulevard, 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 Market68
Property Features for 918 Stonehaven Boulevard
General Information
Standard status
Active
Size
3,478 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Amenities
swimming pool
Building Details
Year Built
1995
Listing Agency:
Tierra Frontera LLC
Listed By:
Jessica Marroquin · License #801068402
(855) 762-8326
Source:
Aregtx
Added: Aug 20
Changed: Oct 25
Last Checked: Oct 7 at 5:17PM
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
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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 / Yr
$29,199
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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 Boulevard 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
