1405 Prosperity Drive Edinburg, TX 78539
MULTI_FAMILY - Edinburg, TX
Property Features for 1405 Prosperity Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Exterior features
- Mature Trees
- Appliances
- Electric Water Heater, Smooth Electric Cooktop, Dishwasher, Dryer, Oven-Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- Q307000000000800
- Size
- 3,808 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9089
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Composition
Listing agent Ronaldo Lacayo (956) 578-5733
Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX (956) 928-1155
Listing date Mar 21, 2026
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.
Key Highlights
- Excellent location, blocks from UTRGV and close to restaurants and shopping.
- Updated major systems include a new roof, air conditioners, and water heaters.
- Great 4‑plex income property investment opportunity.
Local Financial Insights For Multifamily LT 5
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 | $52.6k | $13.80 |
| − Vacancy | −$1.4k | −$0.38 |
| EGI | $51.1k | $13.42 |
| − OpEx | −$15.3k | −$4.03 |
| NOI | $35.8k | $9.39 |
