Edinburg Fourplex Investment
2118 Aruba Drive Edinburg, TX 78542
For Sale
$392,000
MULTI_FAMILY - Edinburg, TX
Property Size4,020 SF
Lot Size0.26 Acres
Price / SF$97.51
Days on Market185
Property Features for 2118 Aruba Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Garage
Fencing
Privacy
Appliances
Electric Water Heater, No Conveying Appliances
Standard status
Active
APN
P323500000005600
Size
4,020 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8294
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX elite
(956) 583-2100
Listed By:
Yanett Rodriguez · License #695607
(956) 522-8213
Added: Jan 23
Changed: Apr 15
Last Checked: Jul 27 at 1:06PM
MLS# 492267
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 fourplex in Edinburg, Texas, presents an investment opportunity in a growing city. The property is fully occupied, offering immediate cash flow and long-term upside in a strong rental market. Each unit is well-maintained, providing consistent rental income and low vacancy risk. The property is located near major roads, shopping, dining, schools, and medical facilities. This location benefits from the city's continued growth and demand for multifamily housing. The property size is 4020 square feet and the lot size is 0.2605 acres.
Key Highlights
- Fully occupied fourplex providing immediate cash flow.
- Located in Edinburg, Texas, a rapidly growing city with high demand for multifamily housing.
- Turnkey property requiring no immediate renovations or improvements.
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 | $63.2k | $15.72 |
| − Vacancy | −$1.8k | −$0.46 |
| EGI | $61.4k | $15.26 |
| − OpEx | −$27.6k | −$6.87 |
| NOI | $33.7k | $8.40 |
4,020 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$539.5K
$472.1K – $629.4K
NOI $37,765 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$482.1K
$421.9K – $562.5K
NOI $33,749 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$1.04M
$912.7K – $1.22M
NOI $73,016 @ 7.0% cap · market cap 18.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied Edinburg fourplex with immediate cash flow potential.
Where is this quadplex located?
The property is located at 2118 Aruba Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $392,000.
What are key features of this property?
This property features: Fully occupied fourplex providing immediate cash flow.; Located in Edinburg, Texas, a rapidly growing city with high demand for multifamily housing.; Turnkey property requiring no immediate renovations or improvements.
