Fourplex Near UTRGV For
For Sale
Contact for pricing
712 Agate Street, Edinburg, TX 78541
Fourplex near UTRGV with consistent rental demand.
Property Size4,426 SF
Price / SF$96.93
Days on Market1073
Property Features for 712 Agate Street
General Information
Standard status
Active
Size
4,426 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2007
Buildings
2
Units
4
Listing Agency:
Bryan Bjerke - Office
Listed By:
Gilberto Gutierrez
Source:
Crexi
Added: Nov 11, 2023
Changed: Oct 12
Last Checked: Oct 16 at 6:40AM
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 Bryan Bjerke - Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fourplex is located within walking distance of UTRGV. The property features four units, each with 3 bedrooms and 2 bathrooms, and a two-car carport. Each unit includes granite kitchen countertops, is cable ready, and has ceiling fans, tiled floors, and an in-unit laundry center. Each unit also has a fenced backyard. There are four uncovered parking spaces available per unit. The property also features two large side yards for tenant enjoyment. The location provides easy access to the UTRGV campus, public transportation, restaurants, and nightlife. Schools, US 281, and medical facilities are a short drive away. The property offers potential for student housing and Airbnb. The property has a history of consistent rental demand and is currently fully rented. The property size is 4426 square feet.
Key Highlights
- Prime location within walking distance to UTRGV, ensuring high rental demand.
- Four spacious units, each with 3 bedrooms and 2 bathrooms.
- Each unit includes desirable features such as granite kitchen countertops, in‑unit laundry center, and a fenced backyard.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,157
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,140
$743.1K
Cap Rate 7%
$530,814
$530.8K
Cap Rate 9%
$412,856
$412.9K
Market Conditions
NOI Build-Up for 4,426 SF
Gross rent
$69.6K $15.72/SF
− Vacancy
−$2.0K −$0.46/SF
EGI
$67.6K $15.26/SF
− OpEx
−$30.4K −$6.87/SF
NOI
$37.2K $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%
$743,140
Cap Rate 7%
$530,814
Cap Rate 9%
$412,856
Alternative Uses
Best Use
Multifamily LT 5
$594.0K
$519.7K – $693.0K
NOI $41,579 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$530.8K
$464.5K – $619.3K
NOI $37,157 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,390 @ 7.0% cap · market cap 18.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
479
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex near UTRGV with consistent rental demand.
Where is this quadplex located?
The property is located at 712 Agate Street Edinburg, TX.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Prime location within walking distance to UTRGV, ensuring high rental demand.; Four spacious units, each with 3 bedrooms and 2 bathrooms.; Each unit includes desirable features such as granite kitchen countertops, in‑unit laundry center, and a fenced backyard.
