Edinburg Fourplex Investment
For Sale
Contact for pricing
1610 Orlando Street, Edinburg, TX 78541
Well-maintained fourplex in a desirable Edinburg location, fully occupied.
Property Size4,088 SF
Price / SF$101.46
Days on Market798
Property Features for 1610 Orlando Street
General Information
Standard status
Active
Size
4,088 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2004
Buildings
2
Units
4
Listing Agency:
Icon Realty STX
Listed By:
Christopher Garcia
Source:
Crexi
Added: Aug 13, 2024
Changed: Oct 10
Last Checked: Oct 16 at 8:40AM
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 Icon Realty STX
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Edinburg, Texas, this fourplex represents a prime investment opportunity. The property features a new roof and fresh paint, both inside and out. Each of the four units includes 2 bedrooms and 2 full bathrooms. The units are currently occupied, providing immediate income. The property is situated in a neighborhood close to schools, shopping centers, dining, and major highways. The building has a property size of 4088 square feet.
Key Highlights
- Immediate income from 100% occupied units.
- Four units, each with 2 bedrooms and 2 full bathrooms.
- New roof and fresh paint inside and out.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,320
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,400
$686.4K
Cap Rate 7%
$490,286
$490.3K
Cap Rate 9%
$381,333
$381.3K
Market Conditions
NOI Build-Up for 4,088 SF
Gross rent
$64.3K $15.72/SF
− Vacancy
−$1.9K −$0.46/SF
EGI
$62.4K $15.26/SF
− OpEx
−$28.1K −$6.87/SF
NOI
$34.3K $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%
$686,400
Cap Rate 7%
$490,286
Cap Rate 9%
$381,333
Alternative Uses
Best Use
Multifamily LT 5
$548.6K
$480.1K – $640.1K
NOI $38,404 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$490.3K
$429.0K – $572.0K
NOI $34,320 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$1.06M
$928.1K – $1.24M
NOI $74,251 @ 7.0% cap · market cap 17.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
91
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex in a desirable Edinburg location, fully occupied.
Where is this quadplex located?
The property is located at 1610 Orlando Street Edinburg, TX.
What is the asking price?
The asking price for this property is $414,750.
What are key features of this property?
This property features: Immediate income from 100% occupied units.; Four units, each with 2 bedrooms and 2 full bathrooms.; New roof and fresh paint inside and out.
