Eight-Unit Apartment
For Sale
$895,000
1312 Carmen Avenue, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Size6,756 SF
Lot Size0.36 Acres
Price / SF$132.47
Days on Market209
Property Features for 1312 Carmen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Other
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Martinez
Lot features
Curb & Gutters
Elementary school
Truman
Middle school
B.L. Garza
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Head north on Sugar Rd passing Chapin Rd, turn right onto Carmen Ave. Property will be on the right hand side.
Standard status
Active
APN
M151000000000105
Size
6,756 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13152
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2011
Floors in Building
2
Number of units
8
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: Jan 7
Changed: Jul 29
Last Checked: Aug 4 at 7:06AM
MLS# 491380
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 well-maintained eight-unit (8-plex) apartment building includes eight 2-bed, 2-bath units. The property is currently 7 of 8 units leased. Constructed with brick materials and built in 2011, it features a composition roof, central air conditioning, and electric heating. Appliances include an electric water heater plus washer, dryer, refrigerator, and stove/range. Water service is provided via public water.
The property sits on a 0.3599-acre lot and totals 6,756 square feet. Heating and cooling are electric, supporting straightforward building operations for a residential income use.
With most units occupied, this income-producing property is structured for consistent day-to-day rental management and tenant turnover planning around an eight-unit multifamily profile.
The property sits on a 0.3599-acre lot and totals 6,756 square feet. Heating and cooling are electric, supporting straightforward building operations for a residential income use.
With most units occupied, this income-producing property is structured for consistent day-to-day rental management and tenant turnover planning around an eight-unit multifamily profile.
Key Highlights
- Eight 2‑bed, 2‑bath units in a brick 8‑plex
- 7 of 8 units currently leased
- 0.3599‑acre lot
Financial Insights For Apartment 5plus
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 | $106.2k | $15.72 |
| − Vacancy | −$3.1k | −$0.46 |
| EGI | $103.1k | $15.26 |
| − OpEx | −$46.4k | −$6.87 |
| NOI | $56.7k | $8.40 |
6,756 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$810.3K
$709.0K – $945.3K
NOI $56,718 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.05M
NOI $122,711 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
76
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 - Brick eight-unit building with central electric HVAC, public water, and eight 2-bed 2-bath apartments.
Where is this apartment building located?
The property is located at 1312 Carmen Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Eight 2‑bed, 2‑bath units in a brick 8‑plex; 7 of 8 units currently leased; 0.3599‑acre lot
