Brick
For Sale
$474,000
2502 Cervantes Avenue, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Size4,937 SF
Lot Size0.37 Acres
Price / SF$96.01
Days on Market217
Property Features for 2502 Cervantes Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Garage
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
Subdivision
Los Molinos
Lot features
Cul-De-Sac, Irregular Lot, Sidewalks, Sprinkler System
Elementary school
De La Vina
Middle school
B.L. Garza
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From McColl and Shunior drive East and turn right into La Marcha Dr and left into Cervantes Dr and property will be on the right of the cul-de-sac
Standard status
Active
APN
L626901000000400
Size
4,937 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10636
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
2005
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Yanett Rodriguez · License #695607
(956) 522-8213
Added: Jan 23
Changed: Aug 13
Last Checked: Aug 28 at 11:06AM
MLS# 492264
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 brick fourplex is designed for long-term rental occupancy, with each unit described as well maintained. The property includes central air with electric cooling and electric heating, and it is covered by a composition roof. For in-unit convenience, appliances listed include an electric water heater, refrigerator, stove/range (electric coil), washer, dryer.
The property is located at 2502 Cervantes Avenue in Edinburg, Texas, in Hidalgo County. It is positioned near major roads and close to shopping, dining, schools, and medical facilities, supporting its use as a multifamily rental asset.
With a 0.3687-acre lot and a total building size of 4,937 square feet, this fourplex offers a straightforward multifamily configuration for investors seeking consistent income potential alongside long-term demand in Edinburg.
The property is located at 2502 Cervantes Avenue in Edinburg, Texas, in Hidalgo County. It is positioned near major roads and close to shopping, dining, schools, and medical facilities, supporting its use as a multifamily rental asset.
With a 0.3687-acre lot and a total building size of 4,937 square feet, this fourplex offers a straightforward multifamily configuration for investors seeking consistent income potential alongside long-term demand in Edinburg.
Key Highlights
- 0.3687‑acre lot with 4,937 SF fourplex building
- Built in 2005
- Brick construction with composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,447
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$828,940
$828.9K
Cap Rate 7%
$592,100
$592.1K
Cap Rate 9%
$460,522
$460.5K
Market Conditions
NOI Build-Up for 4,937 SF
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.
Gross rent
$77.6K $15.72/SF
− Vacancy
−$2.3K −$0.46/SF
EGI
$75.4K $15.26/SF
− OpEx
−$33.9K −$6.87/SF
NOI
$41.4K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$828,940
Cap Rate 7%
$592,100
Cap Rate 9%
$460,522
Alternative Uses
Best Use
Multifamily LT 5
$662.6K
$579.8K – $773.0K
NOI $46,380 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$592.1K
$518.1K – $690.8K
NOI $41,447 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,672 @ 7.0% cap · market cap 18.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
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?
Quadplex - Brick fourplex with central electric HVAC, composition roof, and garage parking for each unit.
Where is this quadplex located?
The property is located at 2502 Cervantes Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $474,000.
What are key features of this property?
This property features: 0.3687‑acre lot with 4,937 SF fourplex building; Built in 2005; Brick construction with composition roof
