4-Unit
For Sale
$392,000
2118 Aruba Dr, Edinburg, TX 78542
Fully occupied residential income property with four units in Edinburg, near shopping, dining, schools, and medical facilities.
Property Size4,020 SF
Price / SF$97.51
Days on Market64
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Property Features for 2118 Aruba Dr
General Information
Standard status
Active
Size
4,020 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
2005
Listing Agency:
RE/MAX elite
Listed By:
Yanett Rodriguez · License #695607
(956) 330-3674
Source:
Aregtx
Added: Aug 13
Changed: Sep 15
Last Checked: Oct 7 at 4:26PM
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 RE/MAX elite
Investment Insights
Based on property information with market context.
Built in 2005, this 4-unit quadplex contains 4,020 square feet and is fully occupied. The property consists of four residential units and is positioned as a multifamily income asset in Edinburg, Texas.
Located at 2118 Aruba Dr, the property is near major roads, shopping, dining, schools, and medical facilities. Its four-unit configuration provides a straightforward residential income property format for an owner seeking an occupied multifamily asset.
Located at 2118 Aruba Dr, the property is near major roads, shopping, dining, schools, and medical facilities. Its four-unit configuration provides a straightforward residential income property format for an owner seeking an occupied multifamily asset.
Key Highlights
- Four‑unit quadplex with 4,020 SF
- Fully occupied residential income property
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,749
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,980
$675.0K
Cap Rate 7%
$482,129
$482.1K
Cap Rate 9%
$374,989
$375.0K
Market Conditions
NOI Build-Up for 4,020 SF
Gross rent
$63.2K $15.72/SF
− Vacancy
−$1.8K −$0.46/SF
EGI
$61.4K $15.26/SF
− OpEx
−$27.6K −$6.87/SF
NOI
$33.7K $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%
$674,980
Cap Rate 7%
$482,129
Cap Rate 9%
$374,989
Alternative Uses
Best Use
Multifamily LT 5
$539.5K
$472.1K – $629.4K
NOI $37,765 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$482.1K
$421.9K – $562.5K
NOI $33,749 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$1.04M
$912.7K – $1.22M
NOI $73,016 @ 7.0% cap · market cap 18.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Explore this area
Business Placement
Demographics for 78542, TX
84,678
Population
25,198
Households
3.4
Avg Household Size
28
Median Age
13%
College-Educated
64%
High-School Grad
176.0 sq mi
ZIP Area
481
Density / Sq Mi
$52,962
Median Household Income
$30,377
Median Earnings
$876
Median Rent
$123,500
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?
Quadplex - Fully occupied residential income property with four units in Edinburg, near shopping, dining, schools, and medical facilities.
Where is this quadplex located?
The property is located at 2118 Aruba Dr Edinburg, TX.
What is the asking price?
The asking price for this property is $392,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4,020 SF; Fully occupied residential income property; Built in 2005
