Technical
Financial
Distress signals
Property profile

609 Jasper St Edinburg, TX 78541

FOR SALE
Apartment buildings
Property ID
US82-7023603
Built 2024
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This newly constructed three-unit apartment building in Edinburg, Texas, presents a compelling investment opportunity. Located at 609 Jasper Street, 78541, this property boasts a prime location near the University of Texas Rio Grande Valley (UTRGV), ensuring a consistent demand for rental units. Built in 2024, the building sits on a 6,343.207 square foot lot and comprises one building with three individual units. The property features convenient carports and a spacious backyard, offering tenants both practicality and comfortable outdoor space. Its proximity to UTRGV makes it particularly attractive to students and faculty, promising a steady stream of potential renters and strong rental income. The asking price for this turnkey investment property is $369,500. This multifamily property is an excellent choice for investors seeking a stable, high-return asset in a rapidly growing area. The modern construction and desirable location combine to create a highly sought-after rental property. This is a rare opportunity to acquire a newly built, well-situated multifamily property in a thriving Texas market.

Property profile

Verified
Property type Apartment buildings
Year built 2024
UPID US82-7023603

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

609 Jasper St Edinburg, TX 78541
Edinburg metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message