12-Unit Apartment
For Sale
$1,700,000
1040 English Avenue, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size11,544 SF
Lot Size0.82 Acres
Price / SF$147.26
Days on Market55
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
Subdivision
Schunior Village
Lot features
Alley, Curb & Gutters, Irregular Lot, Sidewalks
Elementary school
De La Vina
Middle school
Garza
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From Schunior & Jackson Ave., east on Schunior, north on Russian, east on Chinese, north on English
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
Zoned, Central
Cooling system
Zoned, Central Air
Water source
Public
Amenities
washer/dryer
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 · Realty Executives International
(956) 971-8989
Listed By:
Romayeo (Ronnie) R. Esparza · License #0609166
(956) 433-9557
Added: Jul 9
Changed: Aug 28
Last Checked: Sep 1 at 3:06AM
MLS# 496467
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.
Constructed in 2021, this 12-unit apartment property contains 11,544 square feet on 0.8184 acres. The units include tile flooring, granite countertops, and kitchens equipped with refrigerators, ranges, oven-microwaves, electric water heaters, washers, and dryers. Zoned central heating and central air conditioning support each unit, while garage parking and privacy fencing are also provided. The building uses stone and stucco exterior materials and has a composition roof.
The property is located at 1040 English Avenue in Edinburg, Texas, directly across from the University of Texas Rio Grande Valley campus. Public water service is in place, and the site is situated in Hidalgo County within ZIP Code 78541.
The property is located at 1040 English Avenue in Edinburg, Texas, directly across from the University of Texas Rio Grande Valley campus. Public water service is in place, and the site is situated in Hidalgo County within ZIP Code 78541.
Key Highlights
- 12‑unit apartment property built in 2021
- 11,544‑square‑foot building on 0.8184 acres
- Across from the University of Texas Rio Grande Valley campus
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
$96,915
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
5.70%
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%
$1,938,300
$1.9M
Cap Rate 7%
$1,384,500
$1.4M
Cap Rate 9%
$1,076,833
$1.1M
Market Conditions
NOI Build-Up for 11,544 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
$181.5K $15.72/SF
− Vacancy
−$5.3K −$0.46/SF
EGI
$176.2K $15.26/SF
− OpEx
−$79.3K −$6.87/SF
NOI
$96.9K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
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%
$1,938,300
Cap Rate 7%
$1,384,500
Cap Rate 9%
$1,076,833
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
248
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?
Apartment building - Apartments offer tiled interiors, granite countertops, and complete kitchen appliance packages with in-unit laundry equipment.
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 apartment property built in 2021; 11,544‑square‑foot building on 0.8184 acres; Across from the University of Texas Rio Grande Valley campus
