Brick
For Sale
$490,000
2602 Primrose Ave., Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Size4,710 SF
Lot Size0.32 Acres
Price / SF$104.03
Days on Market110
Property Features for 2602 Primrose Ave.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
10
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 7, Bedroom 4, Bathroom 5, Bathroom 3, Bedroom 3, Bathroom 6, Bedroom 1, Bedroom 8, Bathroom 10, Bedroom 6, Bedroom 10, Bathroom 4, Bathroom 1, Bedroom 5, Bathroom 9, Bedroom 2, Bedroom 9, Bathroom 7, Bathroom 2, Bathroom 8
Pets allowed
No
Interior features
Smoke Detector, Washer/Dryer Hook-up
Appliances
Refrigerator, Stove, Washer/Dryer
Subdivision
McColl Manor
Elementary school district
Edinburg CISD
Middle school district
Edinburg CISD
High school district
Edinburg CISD
Standard status
Active
Size
4,710 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11970
Building Details
Year built
2021
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX Elite · RE/MAX International
(956) 433-5648
Listed By:
Vanessa Alaniz · License #772079
(512) 573-2010
Added: Apr 17
Changed: Aug 2
Last Checked: Aug 4 at 5:06AM
MLS# 106135
Copyright © 2026 South Padre Island Board 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 quadplex features tile flooring and a composition roof. Built in 2021, the property includes multiple bedrooms and bathrooms, with a total of 10 bedrooms and 10 bathrooms. Interior amenities include smoke detectors and a washer/dryer hook-up, and appliances such as a refrigerator and stove are included.
The property is located in Edinburg, Texas, with access to local demand drivers including URGV, the Hidalgo County Courthouse, major shopping, hospitals, and key highways described as minutes away. The offering is presented as an investment opportunity with 100% occupancy.
Additional noted construction materials include brick, supporting durable, residential-style building finishes. The layout and included appliance package may appeal to tenants looking for in-unit convenience.
The property is located in Edinburg, Texas, with access to local demand drivers including URGV, the Hidalgo County Courthouse, major shopping, hospitals, and key highways described as minutes away. The offering is presented as an investment opportunity with 100% occupancy.
Additional noted construction materials include brick, supporting durable, residential-style building finishes. The layout and included appliance package may appeal to tenants looking for in-unit convenience.
Key Highlights
- 0.32‑acre quadplex property in Edinburg, TX
- 10 bedrooms and 10 bathrooms
- 4,710 SF property size
Financial Insights For Multifamily LT 5
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 | $65.0k | $13.80 |
| − Vacancy | −$1.8k | −$0.38 |
| EGI | $63.2k | $13.42 |
| − OpEx | −$19.0k | −$4.03 |
| NOI | $44.2k | $9.39 |
4,710 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$632.1K
$553.1K – $737.5K
NOI $44,247 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$564.9K
$494.3K – $659.0K
NOI $39,542 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,549 @ 7.0% cap · market cap 17.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
71
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 quadplex with tile flooring, washer/dryer hook-up, and refrigerator and stove, currently at 100% occupancy.
Where is this quadplex located?
The property is located at 2602 Primrose Ave. Edinburg, TX.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 0.32‑acre quadplex property in Edinburg, TX; 10 bedrooms and 10 bathrooms; 4,710 SF property size
