Fourplex Near UTRGV For
712 Agate Street Edinburg, TX 78541
712 Agate Street, Edinburg, TX, 78541
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For Sale
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Fourplex near UTRGV with consistent rental demand.
Property Size4,426 SF
Price / SF$96.93
Days on Market981
Property Features for 712 Agate Street
General Information
- Standard status
- Active
- Size
- 4,426 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2007
Listing Agency
Bryan Bjerke - Office
Listed by
Gilberto Gutierrez
Source
Crexi
Added: Nov 11, 2023 Checked: Jul 17 at 7:23 am
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
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.
Local Financial Insights For Apartment 5plus
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 | $69.6k | $15.72 |
| − Vacancy | −$2.0k | −$0.46 |
| EGI | $67.6k | $15.26 |
| − OpEx | −$30.4k | −$6.87 |
| NOI | $37.2k | $8.40 |
4,426 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
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.
