Luxury Fourplex Near
For Sale
Contact for pricing
912 N Blair Avenue, Edinburg, TX 78541
Luxury fourplex in Edinburg near UTRGV, great investment property.
Property Size4,114 SF
Price / SF$139.77
Days on Market873
Property Features for 912 N Blair Avenue
General Information
Standard status
Active
Size
4,114 SF
Total Parking Spaces
8
Property subtype
Multifamily
Building Details
Year Built
2023
Buildings
2
Units
4
Listing Agency:
Texas Premier Realty
Listed By:
Monica Gonzalez
(121) 084-4868
Source:
Crexi
Added: May 30, 2024
Changed: Oct 11
Last Checked: Oct 16 at 6:46AM
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 Texas Premier Realty
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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.
This luxury fourplex is located in a busy area of Edinburg, near UTRGV. The property contains two units with two bedrooms and two bathrooms each, and two units with three bedrooms and two bathrooms each. Tile flooring is installed throughout every unit. Kitchens and bathrooms feature granite countertops. Each unit is equipped with elegant and modern fabric blinds, a stove, a refrigerator, a microwave, and a washer and dryer. Each unit has its own light meter, and there is one water meter for all units. The property also features a sprinkler system for the green areas of the complex. High decorative ceilings and smoke detectors are installed. The property has a size of 4114 square feet and is suitable as an investment property.
Key Highlights
- Luxury 4‑plex in a high‑traffic area of Edinburg near UTRGV
- Includes two 2‑bedroom/2‑bath units and two 3‑bedroom/2‑bath units
- Each unit is fully equipped with stove, refrigerator, microwave, washer, and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,648
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,960
$773.0K
Cap Rate 7%
$552,114
$552.1K
Cap Rate 9%
$429,422
$429.4K
Market Conditions
NOI Build-Up for 4,114 SF
Gross rent
$56.8K $13.80/SF
− Vacancy
−$1.6K −$0.38/SF
EGI
$55.2K $13.42/SF
− OpEx
−$16.6K −$4.03/SF
NOI
$38.6K $9.39/SF
Area
Edinburg, TX
Vacancy
2.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,960
Cap Rate 7%
$552,114
Cap Rate 9%
$429,422
Alternative Uses
Best Use
Multifamily LT 5
$552.1K
$483.1K – $644.1K
NOI $38,648 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$493.4K
$431.7K – $575.6K
NOI $34,538 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$1.07M
$934.0K – $1.25M
NOI $74,723 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Quadplex - Luxury fourplex in Edinburg near UTRGV, great investment property.
Where is this quadplex located?
The property is located at 912 N Blair Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Luxury 4‑plex in a high‑traffic area of Edinburg near UTRGV; Includes two 2‑bedroom/2‑bath units and two 3‑bedroom/2‑bath units; Each unit is fully equipped with stove, refrigerator, microwave, washer, and dryer
