1809 W Portales Drive Edinburg, TX 78541
Recently built four-unit property near UTRGV with included appliances.
Property Features for 1809 W Portales Drive
General Information
- Standard status
- Active
- Size
- 4,144 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing office RE/MAX elite
Listing date May 23, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Newly built 4‑Plex (2022) offers modern construction.
- Located near The University of Texas RGV (UTRGV).
- Each unit features 2 bedrooms and 2 bathrooms.
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 | $57.2k | $13.80 |
| − Vacancy | −$1.6k | −$0.38 |
| EGI | $55.6k | $13.42 |
| − OpEx | −$16.7k | −$4.03 |
| NOI | $38.9k | $9.39 |
