Four-Unit Multifamily
For Sale
$474,000
2502 Cervantes Ave, Edinburg, TX 78541
Four-unit residential income property with a well-maintained configuration in Edinburg.
Property Size4,937 SF
Price / SF$96.01
Days on Market30
Property Features for 2502 Cervantes Ave
General Information
Standard status
Active
Size
4,937 SF
Property subtype
Multi-Family
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
RE/MAX elite
(956) 330-3674
Listed By:
Yanett Rodriguez · License #695607
Source:
Aregtx
Added: Jul 30
Changed: Aug 23
Last Checked: Aug 26 at 10:44AM
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 RE/MAX elite
Investment Insights
Based on property information with market context.
This four-unit multifamily property in Edinburg, Texas, contains 4,937 square feet and was built in 2005. The property is described as well maintained, with each unit configured to support residential rental use.
Located at 2502 Cervantes Ave, the property is positioned near major roads, shopping, dining, schools, and medical facilities. Its four-unit layout provides a defined residential income configuration for multifamily ownership.
Located at 2502 Cervantes Ave, the property is positioned near major roads, shopping, dining, schools, and medical facilities. Its four-unit layout provides a defined residential income configuration for multifamily ownership.
Key Highlights
- Four‑unit multifamily property
- 4,937 square feet of property size
- Built in 2005
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
$41,447
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
8.74%
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%
$828,940
$828.9K
Cap Rate 7%
$592,100
$592.1K
Cap Rate 9%
$460,522
$460.5K
Market Conditions
NOI Build-Up for 4,937 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
$77.6K $15.72/SF
− Vacancy
−$2.3K −$0.46/SF
EGI
$75.4K $15.26/SF
− OpEx
−$33.9K −$6.87/SF
NOI
$41.4K $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%
$828,940
Cap Rate 7%
$592,100
Cap Rate 9%
$460,522
Alternative Uses
Best Use
Multifamily LT 5
$662.6K
$579.8K – $773.0K
NOI $46,380 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$592.1K
$518.1K – $690.8K
NOI $41,447 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,672 @ 7.0% cap · market cap 18.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
394
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?
Quadplex - Four-unit residential income property with a well-maintained configuration in Edinburg.
Where is this quadplex located?
The property is located at 2502 Cervantes Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $474,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 4,937 square feet of property size; Built in 2005
