Brick 4-Unit
New
For Sale
$339,000
2013 N El Mundo Drive, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size3,640 SF
Lot Size0.34 Acres
Price / SF$93.13
Days on Market3
Property Features for 2013 N El Mundo Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
4
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Mature Trees, Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Los Portales
Lot features
Curb & Gutters, Mature Trees, Professional Landscaping, Sidewalks, Sprinkler System
Elementary school
Truman
Middle school
B.L. Gray Junior High
High school
Edinburg H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From HWY 107 turn N on Jackson Rd, west on Chapin, N on Sugar, left onto El Mundo Dr.
Standard status
Active
APN
L635700000001300
Size
3,640 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7423
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2003
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Mario E. Baez · License #616428
(956) 827-0170
Added: Oct 1
Last Checked: Oct 3 at 7:06PM
MLS# 516780
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 2003 brick quadplex contains four 2-bedroom, 2-bath units totaling 3,640 square feet on a 0.3412-acre lot. Each residence has its own carport. The property also features a patio, privacy fencing, mature trees, and a sprinkler system. Central electric heating and air conditioning serve the building, and public water is available.
The property is in Edinburg near UTRGV, retail, restaurants, and everyday services, with access to main roads. All four units are occupied. Additional features include a composition roof, electric water heater, and a washer, dryer, refrigerator, and stove/range.
The property is in Edinburg near UTRGV, retail, restaurants, and everyday services, with access to main roads. All four units are occupied. Additional features include a composition roof, electric water heater, and a washer, dryer, refrigerator, and stove/range.
Key Highlights
- Four 2‑bedroom, 2‑bath units in a 3,640‑square‑foot building
- 0.3412‑acre property with four individual carports
- All four units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,559
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$611,180
$611.2K
Cap Rate 7%
$436,557
$436.6K
Cap Rate 9%
$339,544
$339.5K
Market Conditions
NOI Build-Up for 3,640 SF
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.
Gross rent
$57.2K $15.72/SF
− Vacancy
−$1.7K −$0.46/SF
EGI
$55.6K $15.26/SF
− OpEx
−$25.0K −$6.87/SF
NOI
$30.6K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$611,180
Cap Rate 7%
$436,557
Cap Rate 9%
$339,544
Alternative Uses
Best Use
Multifamily LT 5
$488.5K
$427.4K – $569.9K
NOI $34,195 @ 7.0% cap · market cap 10.09%
Second Best
Apartment 5plus
$436.6K
$382.0K – $509.3K
NOI $30,559 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$944.5K
$826.4K – $1.10M
NOI $66,114 @ 7.0% cap · market cap 19.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences each include a private carport, with central heating and air conditioning throughout.
Where is this quadplex located?
The property is located at 2013 N El Mundo Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bath units in a 3,640‑square‑foot building; 0.3412‑acre property with four individual carports; All four units are occupied
