Remodeled
For Sale
$259,999
2010 Cypress Drive, Edinburg, TX 78589
Residential Income, Edinburg, TX
Property Size2,286 SF
Lot Size0.26 Acres
Price / SF$113.74
Days on Market109
Property Features for 2010 Cypress Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Parking features
None
Exterior features
Mature Trees
Fencing
Chain Link
Appliances
Electric Water Heater, No Conveying Appliances
Subdivision
Iowa Estates
Lot features
Cul-De-Sac
Elementary school
Cano-Gonzales
Middle school
Barrientes
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From I-69C/US-281 Southbound: Take the exit toward TX-336 Loop/Canton Rd. Merge onto South Interstate Highway 69C Service Rd and continue north. Turn left onto E Canton Rd (Loop 336). Turn right onto S 25th Ave. Turn right onto Cypress Dr. The destination will be on your left.
Standard status
Active
APN
I700000000002600
Size
2,286 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7591
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
2000
Floors in Building
1
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
BIG Realty
(956) 465-0011
Listed By:
Deborah Agyekum-Bimpong · License #801071488
(956) 530-7922
Added: Jun 30
Changed: Sep 14
Last Checked: Oct 16 at 9:06AM
MLS# 508455
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.
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Investment Insights
Based on property information with market context.
This 2,286-square-foot duplex, built in 2000, contains two remodeled residential units with a three-bedroom, one-bath layout on each side. Separate water and electric meters serve the units individually. The property has block construction, shingle roofing, electric heating and cooling, chain-link fencing, and mature trees. No conveying appliances or on-site parking are included.
Set on 0.2584 acres in Edinburg, the property is located less than 5 minutes from H-E-B Park. Its two-unit configuration and individually metered utilities provide a straightforward residential income format.
Set on 0.2584 acres in Edinburg, the property is located less than 5 minutes from H-E-B Park. Its two-unit configuration and individually metered utilities provide a straightforward residential income format.
Key Highlights
- Two‑unit duplex with 2,286 square feet of building area
- Each unit offers 3 bedrooms and 1 bath
- Separate water and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,475
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,500
$429.5K
Cap Rate 7%
$306,786
$306.8K
Cap Rate 9%
$238,611
$238.6K
Market Conditions
NOI Build-Up for 2,286 SF
Gross rent
$31.5K $13.80/SF
− Vacancy
−$868 −$0.38/SF
EGI
$30.7K $13.42/SF
− OpEx
−$9.2K −$4.03/SF
NOI
$21.5K $9.39/SF
Area
Edinburg, TX
Vacancy
2.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,500
Cap Rate 7%
$306,786
Cap Rate 9%
$238,611
Alternative Uses
Best Use
Multifamily LT 5
$306.8K
$268.4K – $357.9K
NOI $21,475 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$274.2K
$239.9K – $319.9K
NOI $19,192 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$593.2K
$519.0K – $692.0K
NOI $41,521 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include separate water and electric meters, supporting independent utility management.
Where is this duplex located?
The property is located at 2010 Cypress Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $259,999.
What are key features of this property?
This property features: Two‑unit duplex with 2,286 square feet of building area; Each unit offers 3 bedrooms and 1 bath; Separate water and electric meters for each unit
