Four-Unit
For Sale
$325,000
2707 Presidio Drive, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size2,520 SF
Lot Size0.25 Acres
Price / SF$128.97
Days on Market234
Property Features for 2707 Presidio Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Parking features
Other
Appliances
Water Heater (Other)
Subdivision
Presidio
Elementary school
De La Vina
Middle school
South Middle School
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From Sprague and McColl, head South on McColl. Turn East on Presidio. Just passed Ringold Cir. 2707 will be the 3rd property on the North side of Presidio.
Standard status
Active
APN
P833500000002600
Size
2,520 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2020
Tax Annual Amount
7126
HOA Fee
$900 Annually
Amenities
gated community
Building Details
Year built
2001
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Israel Esquivel
(956) 655-5715
Added: Jan 29
Changed: Sep 5
Last Checked: Sep 20 at 4:06AM
MLS# 486353
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 2,520-square-foot quadplex contains four one-bedroom, one-bath units with open interior layouts, durable finishes, and covered parking. The property was built in 2001 and features brick construction, shingle roofing, and water heaters identified as other. Long-term renters are already in place across the units.
Set within a gated community near an expressway, the property is located in Edinburg, Texas, in Hidalgo County. The site encompasses 0.2539 acres and carries an existing four-unit configuration suited to residential income ownership.
Set within a gated community near an expressway, the property is located in Edinburg, Texas, in Hidalgo County. The site encompasses 0.2539 acres and carries an existing four-unit configuration suited to residential income ownership.
Key Highlights
- Four‑unit property with four 1‑bedroom, 1‑bath units
- 2,520 square feet of building area
- Built in 2001 with brick construction
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
$23,674
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
7.28%
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%
$473,480
$473.5K
Cap Rate 7%
$338,200
$338.2K
Cap Rate 9%
$263,044
$263.0K
Market Conditions
NOI Build-Up for 2,520 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
$34.8K $13.80/SF
− Vacancy
−$956 −$0.38/SF
EGI
$33.8K $13.42/SF
− OpEx
−$10.1K −$4.03/SF
NOI
$23.7K $9.39/SF
Area
Edinburg, TX
Vacancy
2.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$473,480
Cap Rate 7%
$338,200
Cap Rate 9%
$263,044
Alternative Uses
Best Use
Multifamily LT 5
$338.2K
$295.9K – $394.6K
NOI $23,674 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$302.2K
$264.5K – $352.6K
NOI $21,156 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$653.9K
$572.1K – $762.9K
NOI $45,771 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Gated multifamily property with one-bedroom layouts, covered parking, and durable interior finishes.
Where is this quadplex located?
The property is located at 2707 Presidio Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four‑unit property with four 1‑bedroom, 1‑bath units; 2,520 square feet of building area; Built in 2001 with brick construction
