12-Unit Apartment
For Sale
Contact for pricing
1040 English Avenue, Edinburg, TX 78541
2021-built multifamily property with tile flooring, granite countertops, kitchen appliances, and full-size washers and dryers.
Property Size11,544 SF
Price / SF$147.26
Days on Market231
Property Features for 1040 English Avenue
General Information
Standard status
Active
Size
11,544 SF
Total Parking Spaces
24
Property subtype
Multifamily
Additional Details
Multifamily Units
12
Amenities
full size washers & dryers
Building Details
Year Built
2021
Buildings
6
Units
12
Listing Agency:
Realty Executives
Listed By:
Ronnie Esparza · License #609166
Source:
Crexi
Added: Feb 27
Changed: Oct 10
Last Checked: Oct 14 at 11:03PM
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 Realty Executives
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Investment Insights
Based on property information with market context.
Completed in 2021, this apartment property contains 12 units totaling 11,544 square feet. Individual units feature tile flooring, granite countertops, complete kitchen appliances, and full-size washers and dryers.
The property is located at 1040 English Avenue in Edinburg, Texas, directly across from the University of Texas Rio Grande Valley campus. Its multifamily configuration and campus-adjacent setting provide a clearly defined residential income use.
The property is located at 1040 English Avenue in Edinburg, Texas, directly across from the University of Texas Rio Grande Valley campus. Its multifamily configuration and campus-adjacent setting provide a clearly defined residential income use.
Key Highlights
- 12‑unit apartment property totaling 11,544 square feet
- Built in 2021
- Located across the street from the UTRGV campus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,915
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - 2021-built multifamily property with tile flooring, granite countertops, kitchen appliances, and full-size washers and dryers.
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 totaling 11,544 square feet; Built in 2021; Located across the street from the UTRGV campus
