Edinburg Four-Plex Investment
2705 Primrose Avenue Edinburg, TX 78541
2705 Primrose Avenue, Edinburg, TX, 78541
$500,000
For Sale
$500,000
MULTI_FAMILY - Edinburg, TX
Property Size4,032 SF
Lot Size0.26 Acres
Price / SF$124.01
Days on Market60
Property Features for 2705 Primrose Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage
- Patio and Porch features
- Patio
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- M256000000001600
- Size
- 4,032 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 13644
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
RE/MAX elite
(956) 583-2100
2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX
Listed by
Gabriel Alcantar · License #750863
(956) 970-1963
Added: May 21 Checked: Jul 19 at 5:06 pm
MLS# 457409
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 four-plex in Edinburg presents an investment opportunity, featuring a proven rental track record. The property consists of two buildings, each containing two units. Each unit includes 4 bedrooms and 4 bathrooms. The owner currently covers water and garbage expenses, as per the lease agreement. The property size is 4032 square feet and the lot size is 0.2571 acres.
Key Highlights
- Four‑Plex: Two buildings, each with two units, offering multiple income streams.
- Each unit features 4 bedrooms and 4 bathrooms, appealing to larger families or tenants seeking ample space.
- Proven Rental Track Record: Demonstrates existing demand and income potential.
Local 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 | $55.6k | $13.80 |
| − Vacancy | −$1.5k | −$0.38 |
| EGI | $54.1k | $13.42 |
| − OpEx | −$16.2k | −$4.03 |
| NOI | $37.9k | $9.39 |
4,032 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$541.1K
$473.5K – $631.3K
NOI $37,878 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$483.6K
$423.1K – $564.2K
NOI $33,850 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.05M
$915.4K – $1.22M
NOI $73,234 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-plex in Edinburg with proven rental track record.
Where is this quadplex located?
The property is located at 2705 Primrose Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four‑Plex: Two buildings, each with two units, offering multiple income streams.; Each unit features **4 bedrooms and 4 bathrooms**, appealing to larger families or tenants seeking ample space.; **Proven Rental Track Record**: Demonstrates existing demand and income potential.
