8-Unit Multifamily
For Sale
$850,000
2402 Tahiti Dr, Edinburg, TX 78541
Built in 2004, the property offers a low-traffic cul-de-sac setting near shopping, schools, and commuter highways.
Property Size7,848 SF
Price / SF$108.31
Days on Market49
Property Features for 2402 Tahiti Dr
General Information
Standard status
Active
Size
7,848 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
8
Building Details
Year Built
2004
Listing Agency:
BIG Realty
Listed By:
Irving N. Kim · License #693229
(956) 465-0011
Source:
Aregtx
Added: Aug 29
Changed: Oct 15
Last Checked: Oct 7 at 5:06PM
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 BIG Realty
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Investment Insights
Based on property information with market context.
Located at 2402 Tahiti Dr in Edinburg, this multifamily building contains eight residential units totaling 7,848 square feet. Constructed in 2004, the property is positioned at the end of a cul-de-sac, providing a quieter setting with limited through traffic.
Shopping, schools, and major commuter highways are located within minutes of the property. The site also includes parking and low-maintenance landscaping, supporting straightforward day-to-day property operations.
Shopping, schools, and major commuter highways are located within minutes of the property. The site also includes parking and low-maintenance landscaping, supporting straightforward day-to-day property operations.
Key Highlights
- Eight‑unit multifamily property totaling 7,848 square feet
- Built in 2004
- Situated at the end of a cul‑de‑sac
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,886
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,720
$1.3M
Cap Rate 7%
$941,229
$941.2K
Cap Rate 9%
$732,067
$732.1K
Market Conditions
NOI Build-Up for 7,848 SF
Gross rent
$123.4K $15.72/SF
− Vacancy
−$3.6K −$0.46/SF
EGI
$119.8K $15.26/SF
− OpEx
−$53.9K −$6.87/SF
NOI
$65.9K $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%
$1,317,720
Cap Rate 7%
$941,229
Cap Rate 9%
$732,067
Alternative Uses
Best Use
Apartment 5plus
$941.2K
$823.6K – $1.10M
NOI $65,886 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,545 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
100
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2004, the property offers a low-traffic cul-de-sac setting near shopping, schools, and commuter highways.
Where is this apartment building located?
The property is located at 2402 Tahiti Dr Edinburg, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Eight‑unit multifamily property totaling 7,848 square feet; Built in 2004; Situated at the end of a cul‑de‑sac
