Edinburg 8-Plex Investment
1312 Carmen Avenue Edinburg, TX 78541
1312 Carmen Avenue, Edinburg, TX, 78541
$895,000
For Sale
$895,000
MULTI_FAMILY - Edinburg, TX
Property Size6,756 SF
Lot Size0.36 Acres
Price / SF$132.47
Days on Market192
Property Features for 1312 Carmen Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Other
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- M151000000000105
- Size
- 6,756 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13152
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2011
- Floors in Building
- 2
- Number of units
- 8
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Keller Williams Realty RGV
(956) 928-1155
3300 N Mccoll. Ste P & Q, McAllen, TX
Listed by
Jaime Lee Gonzalez
(956) 599-8400
Added: Jan 7 Checked: Jul 18 at 3:06 am
MLS# 491380
Listing URL
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.
This well-maintained 8-plex in Edinburg, Texas, presents an excellent investment opportunity. The property consists of eight units, each featuring two bedrooms and two bathrooms. Situated in a great location, the property offers consistent cash flow and stable occupancy, with seven of the eight units currently leased. The property size is 6,756 square feet, situated on a lot of 0.3599 acres. This income-producing property is an excellent addition to an investment portfolio.
Key Highlights
- Consistent cash flow from an income‑producing 8‑plex.
- High occupancy rate with 7 of 8 units currently leased.
- Eight 2 bed/2 bath units, appealing to a broad tenant base.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.2k | $15.72 |
| − Vacancy | −$3.1k | −$0.46 |
| EGI | $103.1k | $15.26 |
| − OpEx | −$46.4k | −$6.87 |
| NOI | $56.7k | $8.40 |
6,756 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$810.3K
$709.0K – $945.3K
NOI $56,718 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.05M
NOI $122,711 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Well-maintained 8-unit apartment building in Edinburg, TX.
Where is this apartment building located?
The property is located at 1312 Carmen Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Consistent cash flow from an income‑producing 8‑plex.; High occupancy rate with 7 of 8 units currently leased.; Eight 2 bed/2 bath units, appealing to a broad tenant base.
