Apartment Building with Two-Bedroom
For Sale
$999,000
3709 W Monte Cristo Rd, Edinburg, TX 78541
Brick multifamily property with tiled interiors, appliances, and convenient access to UTRGV, shopping, schools, and major roadways.
Property Size9,318 SF
Lot Size0.83 Acres
Price / SF$107.21
Days on Market49
Property Features for 3709 W Monte Cristo Rd
General Information
Standard status
Active
Size
9,318 SF
Lot size
0.83 Acres
Property subtype
Multi-Family
Amenities
tile flooring
ceiling fans
stove
refrigerator
washer/dryer
Building Details
Year Built
2004
Construction
brick
Listing Agency:
Keller Williams Realty RGV
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 566-8377
Source:
Aregtx
Added: Aug 1
Changed: Sep 17
Last Checked: Sep 15 at 9:40PM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This brick apartment property in North Edinburg was built in 2004 and includes multiple residential units. Each unit features two bedrooms, two bathrooms, tile flooring, ceiling fans, and essential appliances including a stove, refrigerator, and washer/dryer. The property occupies 0.83 acres and is identified at 3709 W Monte Cristo Rd, Edinburg, TX 78541.
The surrounding area includes UTRGV, shopping centers, and Edinburg ISD schools. Major roadway access is available, and the property sits within an area described as experiencing ongoing residential and commercial development. The combination of unit layouts, in-place appliance packages, and established construction provides a clear physical profile for multifamily ownership.
The surrounding area includes UTRGV, shopping centers, and Edinburg ISD schools. Major roadway access is available, and the property sits within an area described as experiencing ongoing residential and commercial development. The combination of unit layouts, in-place appliance packages, and established construction provides a clear physical profile for multifamily ownership.
Key Highlights
- Multiple apartment units with two‑bedroom, two‑bathroom layouts
- 0.83‑acre multifamily property in North Edinburg
- Built in 2004
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
$78,227
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
7.83%
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%
$1,564,540
$1.6M
Cap Rate 7%
$1,117,529
$1.1M
Cap Rate 9%
$869,189
$869.2K
Market Conditions
NOI Build-Up for 9,318 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
$146.5K $15.72/SF
− Vacancy
−$4.2K −$0.46/SF
EGI
$142.2K $15.26/SF
− OpEx
−$64.0K −$6.87/SF
NOI
$78.2K $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%
$1,564,540
Cap Rate 7%
$1,117,529
Cap Rate 9%
$869,189
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$977.8K – $1.30M
NOI $78,227 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,245 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
67
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with tiled interiors, appliances, and convenient access to UTRGV, shopping, schools, and major roadways.
Where is this apartment building located?
The property is located at 3709 W Monte Cristo Rd Edinburg, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Multiple apartment units with two‑bedroom, two‑bathroom layouts; 0.83‑acre multifamily property in North Edinburg; Built in 2004
