Advertise
    Location, address, ZIP or keywords
    Back to Search
    Edinburg Multifamily Investment Opportunity

    2402 Tahiti Drive Edinburg, TX 78541

    Claim this Listing
    For Sale
    $825,000

    MULTI_FAMILY - Edinburg, TX

    Property size:
    7,848 SF
    Lot size:
    0.69 Acres
    Price / SF:
    $105.12/SF
    Added:
    Feb 24, 2026
    Days on Market:
    140
    Last Refresh:
    Jul 14 at 6:06 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
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2004
    Floors in Building
    1
    Number of units
    8
    Building materials
    Brick
    Roof type
    Shingle

    Listing agent Arlen Gracia

    Listing office Top Tier Real Estate Group LLC P.O. Box 553 Suite A, McAllen, TX

    Listing date Feb 24, 2026

    MLS# 490376 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 8-plex presents an excellent investment opportunity. Situated at the end of a quiet cul-de-sac, the property offers a desirable unit mix with strong rental demand, consistent cash flow, and upside potential. Tenants benefit from a peaceful setting with minimal through traffic, while still enjoying convenient access to shopping, schools, and major commuter routes. The property features ample parking, a solid occupancy history, and low-maintenance grounds. Encompassing 7,848 square feet on a 0.6905-acre lot, this multifamily property is ideal for both seasoned investors and those looking to expand their portfolio with a stable, income-producing asset. The property is located in Edinburg, Texas, in Hidalgo County.

    Key Highlights

    • Strong rental demand and consistent cash flow.
    • Well‑maintained 8‑plex in a quiet cul‑de‑sac.
    • Convenient location near shopping, schools, and major commuter routes.

    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
    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 (±1% cap)
    NOI $65,886 @ 7.0% cap · market cap 7.99%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.04M
    $1.78M – $2.38M (±1% cap)
    NOI $142,545 @ 7.0% cap · market cap 17.28%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Dental Office Law Firm Real Estate Agency Building Supply Hair Salon Spa & Massage Center Big Box & Wholesale Store Electrical Service HVAC Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar For Sale Nearby

    • $795,000
      4,644 SF

      Medical Office Building with Anesthesia License

      State Level 2 anesthesia license and multi-room exam layout with utilities and internet included, plus ample on-site parking.
      2401 Cornerstone Boulevard, Edinburg, TX 78539
      View Details
    • $1,320,000
      3,966 SF

      Office Building with Alley Access

      Functional office layout with reception, five private offices, and alley-access parking.
      506 W University Drive, Edinburg, TX 78539
      View Details
    • $1,575,000
      11,247 SF

      Edinburg Commercial Property with Warehouse

      Commercial property featuring a warehouse and office building on 5.25 acres.
      1222 N Closner Boulevard, Edinburg, TX 78541
      View Details
    • $559,000
      4,180 SF

      New-Construction Fourplex with 3BR Units

      Four newly built three-bedroom, two-bath units with in-unit washer and dryer, designed for modern rental living.
      12504 N 39th Street, Edinburg, TX 78541
      View Details
    • $500,000
      6,048 SF

      Two-Building Multifamily Property

      Six-unit multifamily with two-bedroom, two-bath layouts, tiled interiors, carport parking, and newly installed Carrier AC units.
      3707 W Zelma Street, Edinburg, TX 78541
      View Details
    • $269,000
      3,100 SF

      Edinburg Commercial Property For Sale

      Freestanding building in high-traffic area, ideal for retail/office.
      520 E Cano Street, Edinburg, TX 78539
      View Details
    • $850,000
      7,848 SF

      8-Unit Multifamily Property

      Well-maintained 8-unit multifamily in a quiet cul-de-sac with ample parking, offering income-focused rental housing in Edinburg.
      2402 Tahiti Drive, Edinburg, TX 78541
      View Details
    • $1,399,999
      7,000 SF

      Prime Commercial Property, Edinburg, TX

      Versatile commercial property in a high-traffic area of Edinburg.
      214 W Champion Street W, Edinburg, TX 78539
      View Details
    • $425,000
      4,000 SF

      Edinburg Automotive Shop on Acreage

      Turnkey automotive shop with expansion potential on 13.33 acres.
      25770 N Texan Road, Edinburg, TX 78541
      View Details
    • $399,000
      3,944 SF

      Edinburg Fourplex Investment Opportunity

      Well-kept, fully leased fourplex near UTRGV with upside potential.
      613 La Mancha Drive, Edinburg, TX 78541
      View Details
    • $3,600,000
      126,325 SF

      Gated Self-Storage Facility

      Gated self-storage property with keypad entry and on-site office space across multiple buildings.
      724 W Monte Cristo Road, Edinburg, TX 78542
      View Details
    • $2,900,000
      22,325 SF

      Single-Story Flex Building with Office

      Single-story building with air-conditioned office space and service areas on a high-traffic site with room to expand.
      6021 N EXPWY 281, Edinburg, TX 78542
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-plex in Edinburg, TX with strong rental demand.
    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 $825,000.
    What are key features of this property?
    This property features: Strong rental demand and consistent cash flow.; Well‑maintained 8‑plex in a quiet cul‑de‑sac.; Convenient location near shopping, schools, and major commuter routes.
    Contact an agent
    (956) 400-8802
    We can help!
    Contact an agent
    Arlen Gracia
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2402 Tahiti Drive, Edinburg, TX 78541
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!