Edinburg Fourplex Investment
For Sale
Contact for pricing
214 Fig Drive, Edinburg, TX 78541
Well-maintained fourplex in Edinburg, built in 2016.
Property Size4,432 SF
Price / SF$116.20
Days on Market995
Property Features for 214 Fig Drive
General Information
Standard status
Active
Size
4,432 SF
Property subtype
Multifamily
Building Details
Year Built
2016
Listing Agency:
BIG Realty
Listed By:
Vanessa Grimaldo · License #TREC # 574075
Source:
Crexi
Added: Nov 11, 2023
Changed: Jul 6
Last Checked: Aug 2 at 10:09AM
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 BIG Realty
Investment Insights
Based on property information with market context.
This well-maintained fourplex, constructed in 2016, presents a significant investment opportunity in Edinburg. The property comprises four units. Two of the units offer 1,096 square feet of living space, each featuring 2 bedrooms and 2 bathrooms. The remaining two units provide 1,120 square feet of living space, each equipped with 3 bedrooms and 2 bathrooms. Tile flooring is installed throughout all units, and the design incorporates ample natural lighting. Situated within the gated West Oaks subdivision, the property includes a substantial backyard area. Its location offers convenient access to shopping centers, grocery stores, restaurants, schools, and the University of Texas Rio Grande Valley.
Key Highlights
- Fourplex built in 2016 - modern construction and investment potential.
- Two unit types: 2 units with 2 bedrooms/2 bathrooms (1,096 sq ft) and 2 units with 3 bedrooms/2 bathrooms (1,120 sq ft).
- Excellent location: gated West Oaks subdivision.
Financial Insights For Multifamily LT 5
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 | $61.2k | $13.80 |
| − Vacancy | −$1.7k | −$0.38 |
| EGI | $59.5k | $13.42 |
| − OpEx | −$17.8k | −$4.03 |
| NOI | $41.6k | $9.39 |
4,432 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$594.8K
$520.5K – $693.9K
NOI $41,636 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$531.5K
$465.1K – $620.1K
NOI $37,208 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,499 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
54
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex in Edinburg, built in 2016.
Where is this quadplex located?
The property is located at 214 Fig Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Fourplex built in 2016 - modern construction and investment potential.; Two unit types: 2 units with 2 bedrooms/2 bathrooms (1,096 sq ft) and 2 units with 3 bedrooms/2 bathrooms (1,120 sq ft).; Excellent location: gated West Oaks subdivision.
