Turnkey Duplex with Separate
For Sale
$260,000
2010 Cypress Drive, Edinburg, TX 78589
MULTI_FAMILY - Edinburg, TX
Property Size2,286 SF
Lot Size0.26 Acres
Price / SF$113.74
Days on Market34
Property Features for 2010 Cypress Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Parking features
None
Exterior features
Mature Trees
Fencing
Chain Link
Appliances
Electric Water Heater, No Conveying Appliances
Subdivision
Iowa Estates
Lot features
Cul-De-Sac
Elementary school
Cano-Gonzales
Middle school
Barrientes
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From I-69C/US-281 Southbound: Take the exit toward TX-336 Loop/Canton Rd. Merge onto South Interstate Highway 69C Service Rd and continue north. Turn left onto E Canton Rd (Loop 336). Turn right onto S 25th Ave. Turn right onto Cypress Dr. The destination will be on your left.
Standard status
Active
APN
I700000000002600
Size
2,286 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7591
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
2000
Floors in Building
1
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Deborah Agyekum-Bimpong
(956) 530-7922
Added: Jun 30
Changed: Jul 29
Last Checked: Aug 2 at 7:06AM
MLS# 508455
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 turnkey duplex was newly remodeled and is ready for immediate occupancy. The property provides two separate residential units, and each side features three bedrooms and one bathroom. For utility separation, each unit has completely separate water and electric meters, supporting independent tenant billing and simplified operations.
Located at 2010 Cypress Drive in Edinburg, Texas 78589, the property is described as being less than five minutes from H-E-B Park. The listing also notes a small lot size of 0.2584 acres and an overall building size of 2,286 square feet.
The layout and unit configuration make this a practical fit for investors seeking a duplex that can operate with independent utility metering. With two similar-sized 3-bedroom units, the property can support straightforward tenant placement and consistent unit offerings. The remodeled condition and stated immediate-occupancy readiness are additional considerations for buyers looking to reduce time between closing and leasing.
Located at 2010 Cypress Drive in Edinburg, Texas 78589, the property is described as being less than five minutes from H-E-B Park. The listing also notes a small lot size of 0.2584 acres and an overall building size of 2,286 square feet.
The layout and unit configuration make this a practical fit for investors seeking a duplex that can operate with independent utility metering. With two similar-sized 3-bedroom units, the property can support straightforward tenant placement and consistent unit offerings. The remodeled condition and stated immediate-occupancy readiness are additional considerations for buyers looking to reduce time between closing and leasing.
Key Highlights
- Turn‑key duplex built in 2000 with block construction and shingle roof
- Each unit has 3 bedrooms and 1 bath
- Separate water and electric meters for each side
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 | $31.5k | $13.80 |
| − Vacancy | −$868 | −$0.38 |
| EGI | $30.7k | $13.42 |
| − OpEx | −$9.2k | −$4.03 |
| NOI | $21.5k | $9.39 |
2,286 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.8K
$268.4K – $357.9K
NOI $21,475 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$274.2K
$239.9K – $319.9K
NOI $19,192 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$593.2K
$519.0K – $692.0K
NOI $41,521 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newly remodeled duplex offers two 3-bedroom, 1-bath units with separate water and electric meters for each side.
Where is this duplex located?
The property is located at 2010 Cypress Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Turn‑key duplex built in 2000 with block construction and shingle roof; Each unit has 3 bedrooms and 1 bath; Separate water and electric meters for each side
