Turnkey Duplex Income
511 N 85th Street Edinburg, TX 78542
511 N 85th Street, Edinburg, TX, 78542
$285,000
For Sale
$285,000
MULTI_FAMILY - Edinburg, TX
Property Size2,410 SF
Lot Size0.26 Acres
Price / SF$118.26
Days on Market32
Property Features for 511 N 85th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage
- Exterior features
- Sprinkler System
- Fencing
- Privacy
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- S055000005000500
- Size
- 2,410 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 597
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
eXp Realty LLC
(888) 519-7431
9600 Great Hills Trail #150w, Austin, TX
Listed by
Ronaldo (Ronnie) Esparza
(956) 777-8859
Added: Jun 16 Checked: Jul 17 at 6:06 pm
MLS# 507332
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.
Built in 2019, this well-maintained duplex offers two separate residential units under one property. Each unit is laid out with 3 bedrooms and 2 bathrooms, and includes features such as porcelain tile flooring, granite countertops, plantation shutters, and an open-concept interior plan. The property also includes a shared backyard area.
The duplex is located at 511 N 85th Street in Edinburg, Texas, in Hidalgo County. It sits just off Highway 107, with convenient access to Edinburg, Elsa, and Edcouch. Nearby shopping and dining options noted in the listing include Bordertown Market, Stripes, and Little Caesars.
Designed for tenants seeking comfortable, functional living space, the duplex presents a turnkey setup with both units described as currently occupied. With matching interior finishes across both sides and a shared backyard amenity, the property may appeal to buyers looking for a straightforward residential income asset with two well-appointed units.
The duplex is located at 511 N 85th Street in Edinburg, Texas, in Hidalgo County. It sits just off Highway 107, with convenient access to Edinburg, Elsa, and Edcouch. Nearby shopping and dining options noted in the listing include Bordertown Market, Stripes, and Little Caesars.
Designed for tenants seeking comfortable, functional living space, the duplex presents a turnkey setup with both units described as currently occupied. With matching interior finishes across both sides and a shared backyard amenity, the property may appeal to buyers looking for a straightforward residential income asset with two well-appointed units.
Key Highlights
- Duplex built in 2019 with Central heating and Central Air
- Both units are 3 bed / 2 bath and currently 100% occupied
- Each unit features porcelain tile flooring and granite countertops
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 | $33.3k | $13.80 |
| − Vacancy | −$915 | −$0.38 |
| EGI | $32.3k | $13.42 |
| − OpEx | −$9.7k | −$4.03 |
| NOI | $22.6k | $9.39 |
2,410 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.4K
$283.0K – $377.3K
NOI $22,640 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$289.0K
$252.9K – $337.2K
NOI $20,233 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$625.3K
$547.2K – $729.6K
NOI $43,773 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Built in 2019, this duplex features two 3-bedroom units with shared outdoor space for straightforward rental living.
Where is this duplex located?
The property is located at 511 N 85th Street Edinburg, TX.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex built in 2019 with Central heating and Central Air; Both units are 3 bed / 2 bath and currently 100% occupied; Each unit features porcelain tile flooring and granite countertops
