12-Unit Apartment Building with In-Unit
For Sale
$1,700,000
1040 English Avenue, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Size11,544 SF
Lot Size0.82 Acres
Price / SF$147.26
Days on Market133
Property Features for 1040 English Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
24
Parking features
Garage
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Oven-Microwave, Refrigerator, Stove/Range, Washer
Subdivision
Schunior Village
Lot features
Alley, Curb & Gutters, Irregular Lot, Sidewalks
Elementary school
De La Vina
Middle school
Garza
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From Schunior & Jackson Ave., east on Schunior, north on Russian, east on Chinese, north on English
Standard status
Active
APN
S221000000001600
Size
11,544 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
26242
Utilities
Heating system
Zoned, Central
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Year built
2021
Floors in Building
1
Number of units
12
Building materials
Stone, Stucco
Roof type
Composition
Listing Agency:
Realty Executives RGV · Realty Executives International
(956) 971-8989
Listed By:
Romayeo (Ronnie) R. Esparza · License #0609166
(956) 433-9557
Added: Apr 13
Changed: Aug 13
Last Checked: Aug 23 at 9:06AM
MLS# 496467
Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 12-unit apartment building was built in 2021 and totals 11,544 square feet on a 0.8184-acre site. Construction includes stone and stucco with a composition roof. Each unit features all tile floors and granite counters and comes equipped with kitchen appliances, including a full size washer and dryer. Heating is zoned with central heating, and cooling is zoned with central air.
The property is located at 1040 English Avenue in Edinburg, Texas, in a neighborhood directly across the street from UTRGV.
On-site parking includes garages, and the perimeter includes privacy fencing. Water service is public.
The property is located at 1040 English Avenue in Edinburg, Texas, in a neighborhood directly across the street from UTRGV.
On-site parking includes garages, and the perimeter includes privacy fencing. Water service is public.
Key Highlights
- 12‑unit apartment complex built in 2021 totaling 11,544 SF
- 0.8184‑acre site with privacy fencing and garage parking
- In‑unit laundry with full size washers and dryers included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,915
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,938,300
$1.9M
Cap Rate 7%
$1,384,500
$1.4M
Cap Rate 9%
$1,076,833
$1.1M
Market Conditions
NOI Build-Up for 11,544 SF
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.
Gross rent
$181.5K $15.72/SF
− Vacancy
−$5.3K −$0.46/SF
EGI
$176.2K $15.26/SF
− OpEx
−$79.3K −$6.87/SF
NOI
$96.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,938,300
Cap Rate 7%
$1,384,500
Cap Rate 9%
$1,076,833
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.62M
NOI $96,915 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.00M
$2.62M – $3.49M
NOI $209,676 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
248
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit apartment complex built in 2021 with in-unit washers and dryers, central HVAC, and a privacy-fenced site.
Where is this apartment building located?
The property is located at 1040 English Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 12‑unit apartment complex built in 2021 totaling 11,544 SF; 0.8184‑acre site with privacy fencing and garage parking; In‑unit laundry with full size washers and dryers included
