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 Market185
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
(512) 745-7777
Listed By:
Roman Esparza · License #0481820
Source:
Crexi
Added: Feb 27
Changed: Aug 30
Last Checked: Aug 30 at 8:45AM
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
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 = 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
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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
