2402 Tahiti Drive, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
- Added:
- Jun 10, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 11 at 1:06 am
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 agent Irving N. Kim License #693229 (956) 520-4573
Listing office BIG Realty 4847 S Jackson Rd., Pharr, TX (956) 465-0011
Listing date Jun 10, 2026
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.
HighLights
- 8‑unit multifamily property built in 2004
- Brick exterior construction
- Central electric HVAC with electric cooling and central air
- Public water service
- Each unit includes appliances such as refrigerator, stove/range, washer, dryer, and electric water heater
- On‑site parking with garage plus a patio
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Edinburg
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.185348
- Latitude
- 26.323116
