2915 W Driftwood Street Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
- Added:
- May 16, 2026
- Days on Market:
- 60
- Last Refresh:
- Jul 14 at 3:06 am
Property Features for 2915 W Driftwood Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage, Other
- Patio and Porch features
- Patio
- Exterior features
- Sprinkler System
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
- Standard status
- Active
- APN
- W789500000000300
- Size
- 3,872 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 1
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Preshina Samtani (956) 460-7763
Listing office Key Realty 4907 S Jackson Road, Edinburg, TX (956) 627-7552
Listing date May 16, 2026
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.
Key Highlights
- Newer 2023‑built fourplex with income‑producing units
- Each unit includes tile flooring and granite countertops
- All units come equipped with stove/range, refrigerator, microwave, washer, and dryer
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 | $53.4k | $13.80 |
| − Vacancy | −$1.5k | −$0.38 |
| EGI | $52.0k | $13.42 |
| − OpEx | −$15.6k | −$4.03 |
| NOI | $36.4k | $9.39 |
