Edinburg Multifamily Investment
1040 English Avenue Edinburg, TX 78541
1040 English Avenue, Edinburg, TX, 78541
$1,700,000
For Sale
$1,700,000
MULTI_FAMILY - Edinburg, TX
Property Size11,544 SF
Lot Size0.82 Acres
Price / SF$147.26
Days on Market96
Property Features for 1040 English Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 24
- Parking features
- Garage
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Dryer, Oven-Microwave, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- S221000000001600
- Size
- 11,544 SF
- Lot size
- 0.82 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 26242
Utilities
- Heating system
- Central, Zoned
- Cooling system
- Central Air, Zoned
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 1
- Number of units
- 12
- Building materials
- Stone, Stucco
- Roof type
- Composition
Listing Agency
Realty Executives RGV
(956) 971-8989
902 Orange Avenue, Ste A, McAllen, TX
Listed by
Romayeo (Ronnie) R. Esparza · License #0609166
(956) 433-9557
Added: Apr 13 Checked: Jul 17 at 11:06 pm
MLS# 496467
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 multifamily property presents an investment opportunity with a 12-unit complex. The property is located in Edinburg, Texas, across the street from the UTRGV campus. Each unit features tile floors and granite counters. Kitchen appliances are included, along with full-size washers and dryers. The property size is 11544 square feet, situated on a lot of 0.8184 acres.
Key Highlights
- 12‑unit complex built in 2021
- Across the street from UTRGV campus
- Units include all kitchen appliances, plus full‑size washers and dryers
Local Financial Insights For Apartment 5plus
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 | $181.5k | $15.72 |
| − Vacancy | −$5.3k | −$0.46 |
| EGI | $176.2k | $15.26 |
| − OpEx | −$79.3k | −$6.87 |
| NOI | $96.9k | $8.40 |
11,544 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.62M
NOI $96,915 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.00M
$2.62M – $3.49M
NOI $209,676 @ 7.0% cap · market cap 12.33%
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?
Apartment building - 12-unit complex near UTRGV with modern amenities.
Where is this apartment building located?
The property is located at 1040 English Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 12‑unit complex built in 2021; Across the street from UTRGV campus; Units include all kitchen appliances, plus full‑size washers and dryers
