Turnkey Duplex with Separate
2010 Cypress Drive Edinburg, TX 78589
2010 Cypress Drive, Edinburg, TX, 78589
$260,000
For Sale
$260,000
MULTI_FAMILY - Edinburg, TX
Property Size2,286 SF
Lot Size0.26 Acres
Price / SF$113.74
Days on Market18
Property Features for 2010 Cypress Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Carport, Garage
- Exterior features
- Mature Trees
- Fencing
- Chain Link
- Appliances
- Electric Water Heater, No Conveying Appliances
- 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
4847 S Jackson Rd., Pharr, TX
Listed by
Deborah Agyekum-Bimpong
(956) 530-7922
Added: Jun 30 Checked: Jul 17 at 9:06 pm
MLS# 508455
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 turnkey duplex was newly remodeled and is ready for immediate occupancy. The property provides two separate residential units, and each side features three bedrooms and one bathroom. For utility separation, each unit has completely separate water and electric meters, supporting independent tenant billing and simplified operations.
Located at 2010 Cypress Drive in Edinburg, Texas 78589, the property is described as being less than five minutes from H-E-B Park. The listing also notes a small lot size of 0.2584 acres and an overall building size of 2,286 square feet.
The layout and unit configuration make this a practical fit for investors seeking a duplex that can operate with independent utility metering. With two similar-sized 3-bedroom units, the property can support straightforward tenant placement and consistent unit offerings. The remodeled condition and stated immediate-occupancy readiness are additional considerations for buyers looking to reduce time between closing and leasing.
Located at 2010 Cypress Drive in Edinburg, Texas 78589, the property is described as being less than five minutes from H-E-B Park. The listing also notes a small lot size of 0.2584 acres and an overall building size of 2,286 square feet.
The layout and unit configuration make this a practical fit for investors seeking a duplex that can operate with independent utility metering. With two similar-sized 3-bedroom units, the property can support straightforward tenant placement and consistent unit offerings. The remodeled condition and stated immediate-occupancy readiness are additional considerations for buyers looking to reduce time between closing and leasing.
Key Highlights
- Turn‑key duplex built in 2000 with block construction and shingle roof
- Each unit has 3 bedrooms and 1 bath
- Separate water and electric meters for each side
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 | $31.5k | $13.80 |
| − Vacancy | −$868 | −$0.38 |
| EGI | $30.7k | $13.42 |
| − OpEx | −$9.2k | −$4.03 |
| NOI | $21.5k | $9.39 |
2,286 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Newly remodeled duplex offers two 3-bedroom, 1-bath units with separate water and electric meters for each side.
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 $260,000.
What are key features of this property?
This property features: Turn‑key duplex built in 2000 with block construction and shingle roof; Each unit has 3 bedrooms and 1 bath; Separate water and electric meters for each side
