Eight-Unit Apartment
For Sale
$825,000
2402 Tahiti Drive, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size7,848 SF
Lot Size0.69 Acres
Price / SF$105.12
Days on Market235
Property Features for 2402 Tahiti Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
16
Parking features
None
Patio and Porch features
Patio
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Paradise Estates
Lot features
Curb & Gutters
Elementary school
Cavazos
Middle school
B.L. Garza
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From Intersection of Russell Rd and McColl go East to Aruba Dr; South on Aruba Dr to Tahiti Dr; East to property
Standard status
Active
APN
P323500000001700
Size
7,848 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16452
HOA Fee
$315 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
8
Building materials
Brick
Roof type
Shingle
Listing Agency:
Top Tier Real Estate Group LLC
(956) 207-0301
Listed By:
Arlen Gracia
(956) 400-8802
Added: Feb 24
Changed: Sep 15
Last Checked: Oct 17 at 9:06AM
MLS# 490376
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.
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Investment Insights
Based on property information with market context.
This 2004 apartment property contains eight units within 7,848 square feet on 0.6905 acres. Brick construction, shingle roofing, central electric heating and cooling, and public water serve the improvements. Each unit is equipped with a stove/range, refrigerator, washer, dryer, and electric water heater, while patio areas provide private outdoor space.
The property occupies the end of a cul-de-sac at 2402 Tahiti Drive in Edinburg, Texas, offering a setting with limited through traffic. Shopping, schools, and major commuter routes are located nearby. The site is in Hidalgo County and carries a 78541 ZIP Code.
The property occupies the end of a cul-de-sac at 2402 Tahiti Drive in Edinburg, Texas, offering a setting with limited through traffic. Shopping, schools, and major commuter routes are located nearby. The site is in Hidalgo County and carries a 78541 ZIP Code.
Key Highlights
- Eight‑unit apartment property built in 2004
- 7,848 square feet of building area on 0.6905 acres
- Brick construction with shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,886
Cap Rate
7.99%
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 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,545 @ 7.0% cap · market cap 17.28%
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
8
Residential units
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with individual patios, central HVAC, and a practical unit configuration.
Where is this apartment building located?
The property is located at 2402 Tahiti Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Eight‑unit apartment property built in 2004; 7,848 square feet of building area on 0.6905 acres; Brick construction with shingle roof
