8-Unit Multifamily
2402 Tahiti Drive Edinburg, TX 78541
For Sale
$850,000
MULTI_FAMILY - Edinburg, TX
Property Size7,848 SF
Lot Size0.69 Acres
Price / SF$108.31
Days on Market47
Property Features for 2402 Tahiti Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 16
- Parking features
- Garage
- Patio and Porch features
- Patio
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- P323500000001700
- Size
- 7,848 SF
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16452
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Number of units
- 8
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Irving N. Kim · License #693229
(956) 520-4573
Added: Jun 10
Last Checked: Jul 26 at 4:06PM
MLS# 506737
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 8-unit multifamily property is set up for straightforward residential income use. The building sits on a 0.6905-acre lot and totals 7,848 square feet. The offering includes abundant parking and low-maintenance landscaping, helping support a practical, easy-to-manage operating profile.
Located at 2402 Tahiti Drive in Edinburg, Texas, the property is tucked away at the end of a quiet cul-de-sac. It is positioned just minutes from local shopping and major commuter highways, with nearby schools referenced as part of the surrounding convenience.
For investors, this is a compact multifamily that combines an established unit count with on-site parking and landscaping designed to reduce day-to-day burden. Tenants benefit from the low-traffic setting while remaining within a short drive of everyday needs and commuter routes. The configuration and care evident in the property make it a reasonable fit for buyers seeking an 8-unit rental asset in Hidalgo County.
Located at 2402 Tahiti Drive in Edinburg, Texas, the property is tucked away at the end of a quiet cul-de-sac. It is positioned just minutes from local shopping and major commuter highways, with nearby schools referenced as part of the surrounding convenience.
For investors, this is a compact multifamily that combines an established unit count with on-site parking and landscaping designed to reduce day-to-day burden. Tenants benefit from the low-traffic setting while remaining within a short drive of everyday needs and commuter routes. The configuration and care evident in the property make it a reasonable fit for buyers seeking an 8-unit rental asset in Hidalgo County.
Key Highlights
- 8‑unit multifamily property built in 2004
- Brick exterior construction
- Central electric HVAC with electric cooling and central air
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 | $123.4k | $15.72 |
| − Vacancy | −$3.6k | −$0.46 |
| EGI | $119.8k | $15.26 |
| − OpEx | −$53.9k | −$6.87 |
| NOI | $65.9k | $8.40 |
7,848 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$941.2K
$823.6K – $1.10M
NOI $65,886 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,545 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 8-unit multifamily in a quiet cul-de-sac with ample parking, offering income-focused rental housing in Edinburg.
Where is this apartment building located?
The property is located at 2402 Tahiti Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 8‑unit multifamily property built in 2004; Brick exterior construction; Central electric HVAC with electric cooling and central air
