Multifamily Property Near
For Sale
Contact for pricing
2101 Carlos Street, Edinburg, TX 78541
Fully occupied property with tile flooring throughout and a roof that is 3 years old.
Property Size5,448 SF
Price / SF$126.65
Days on Market55
Property Features for 2101 Carlos Street
General Information
Standard status
Active
Size
5,448 SF
Total Parking Spaces
12
Property subtype
Multifamily
Occupancy
100%
Building Details
Year Built
2003
Buildings
2
Units
7
Listing Agency:
A&D Realty Services LLC
Listed By:
Alejandro Espinosa · License #TX0512033
(956) 522-0248
Source:
Crexi
Added: Aug 27
Changed: Oct 10
Last Checked: Oct 19 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of A&D Realty Services LLC
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Investment Insights
Based on property information with market context.
This 5,448-square-foot multifamily property was built in 2003 and is fully occupied. Interior finishes include tile flooring throughout, with no carpet. The roof is 3 years old, providing a relatively recent major building improvement.
The property is located at 2101 Carlos Street in Edinburg, Texas, within walking distance of UTRGV. Its existing occupancy, durable flooring, and established building improvements provide a clear operating profile for a multifamily buyer.
The property is located at 2101 Carlos Street in Edinburg, Texas, within walking distance of UTRGV. Its existing occupancy, durable flooring, and established building improvements provide a clear operating profile for a multifamily buyer.
Key Highlights
- 5,448‑square‑foot multifamily property built in 2003
- Fully occupied at closing
- Within walking distance of UTRGV
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,737
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,740
$914.7K
Cap Rate 7%
$653,386
$653.4K
Cap Rate 9%
$508,189
$508.2K
Market Conditions
NOI Build-Up for 5,448 SF
Gross rent
$85.6K $15.72/SF
− Vacancy
−$2.5K −$0.46/SF
EGI
$83.2K $15.26/SF
− OpEx
−$37.4K −$6.87/SF
NOI
$45.7K $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 Rate 5%
$914,740
Cap Rate 7%
$653,386
Cap Rate 9%
$508,189
Alternative Uses
Best Use
Apartment 5plus
$653.4K
$571.7K – $762.3K
NOI $45,737 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,953 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
538
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied property with tile flooring throughout and a roof that is 3 years old.
Where is this multifamily property located?
The property is located at 2101 Carlos Street Edinburg, TX.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 5,448‑square‑foot multifamily property built in 2003; Fully occupied at closing; Within walking distance of UTRGV
