Well-Maintained Duplex with Two
For Sale
Contact for pricing
1014 N Cross Lane, Edinburg, TX 78541
Well-maintained duplex with two identical 2BR/2BA units, each featuring a 1-car garage.
Property Size2,012 SF
Price / SF$118.29
Days on Market91
Property Features for 1014 N Cross Lane
General Information
Standard status
Active
Size
2,012 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Building Details
Year Built
2002
Listing Agency:
Monarca Real Estate Group LLC
Listed By:
Kevin Joseph Martinez
Source:
Crexi
Added: May 1
Changed: Jul 23
Last Checked: Jul 25 at 12:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Monarca Real Estate Group LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two identical units, each with 2 bedrooms and 2 bathrooms. Both units include a 1-car garage, providing enclosed parking and additional storage space.
The property is located at 1014 N Cross Lane in Edinburg, Texas, near UTRGV and within a bustling commercial district. The duplex configuration makes it well suited for buyers seeking a straightforward two-unit residential income property.
The property is located at 1014 N Cross Lane in Edinburg, Texas, near UTRGV and within a bustling commercial district. The duplex configuration makes it well suited for buyers seeking a straightforward two-unit residential income property.
Key Highlights
- Well‑maintained duplex built in 2002
- Two identical units, each with 2 bedrooms and 2 bathrooms
- Each unit includes a 1‑car garage
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 | $27.8k | $13.80 |
| − Vacancy | −$764 | −$0.38 |
| EGI | $27.0k | $13.42 |
| − OpEx | −$8.1k | −$4.03 |
| NOI | $18.9k | $9.39 |
2,012 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$270.0K
$236.3K – $315.0K
NOI $18,901 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$241.3K
$211.1K – $281.5K
NOI $16,891 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$522.1K
$456.8K – $609.1K
NOI $36,544 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
538
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two identical 2BR/2BA units, each featuring a 1-car garage.
Where is this duplex located?
The property is located at 1014 N Cross Lane Edinburg, TX.
What is the asking price?
The asking price for this property is $238,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 2002; Two identical units, each with 2 bedrooms and 2 bathrooms; Each unit includes a 1‑car garage
