Four-Unit Apartment
1816 Aruba Drive Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property size:
3,600 SFLot size:
0.26 AcresPrice / SF:
$108/SF- Added:
- Jul 1, 2026
- Days on Market:
- 9
- Last Refresh:
- Jul 9 at 7:06 pm
Property Features for 1816 Aruba Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Exterior features
- Mature Trees
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- P323500000004400
- Size
- 3,600 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5880
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Composition
Listing agent Elena Rodriguez (956) 222-6303
Listing office Distinguished Properties 7017 N 10th St. Ste. N-2 # 124, McAllen, TX (956) 222-6303
Listing date Jul 1, 2026
MLS# 507844
Listing URL
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 four-unit apartment building consists of four spacious 2-bedroom, 2-bath units. Each unit features tile flooring, supporting straightforward everyday maintenance and a durable finish throughout the interior. The property is listed as a 4-plex and totals approximately 3,600 square feet on a 0.2604-acre lot.
Located in Edinburg, Texas, the building is described as being in a peaceful setting with convenient access to universities, shopping, dining, and major roadways. The address is 1816 Aruba Drive, placing the property within reach of everyday amenities and regional transportation routes.
For investors seeking a multifamily asset, this configuration offers four separate units under one roof, which can be a practical way to diversify unit count while keeping operations consolidated. The seller also notes flexibility to purchase this property individually or as part of a larger investment portfolio package that includes six separate 4-plex properties totaling 24 units. Contact the agent for additional details and package information.
Located in Edinburg, Texas, the building is described as being in a peaceful setting with convenient access to universities, shopping, dining, and major roadways. The address is 1816 Aruba Drive, placing the property within reach of everyday amenities and regional transportation routes.
For investors seeking a multifamily asset, this configuration offers four separate units under one roof, which can be a practical way to diversify unit count while keeping operations consolidated. The seller also notes flexibility to purchase this property individually or as part of a larger investment portfolio package that includes six separate 4-plex properties totaling 24 units. Contact the agent for additional details and package information.
Key Highlights
- 4‑plex built in 2004 with four 2‑bedroom, 2‑bath units
- Brick exterior with composition shingle roof
- Tile flooring in the units
Local 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 | $49.7k | $13.80 |
| − Vacancy | −$1.4k | −$0.38 |
| EGI | $48.3k | $13.42 |
| − OpEx | −$14.5k | −$4.03 |
| NOI | $33.8k | $9.39 |
3,600 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$483.1K
$422.8K – $563.7K
NOI $33,820 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$431.8K
$377.8K – $503.7K
NOI $30,223 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$934.1K
$817.4K – $1.09M
NOI $65,388 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained 4-plex with four 2-bedroom, 2-bath units and tile flooring in Edinburg, TX.
Where is this quadplex located?
The property is located at 1816 Aruba Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 4‑plex built in 2004 with four 2‑bedroom, 2‑bath units; Brick exterior with composition shingle roof; Tile flooring in the units
