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    Edinburg Multifamily Investment Opportunity

    2402 Tahiti Drive Edinburg, TX 78541

    Claim this Listing
    For Sale
    $825,000

    MULTI_FAMILY - Edinburg, TX

    Property size:
    7,848 SF
    Lot size:
    0.69 Acres
    Price / SF:
    $105.12/SF
    Added:
    Feb 24, 2026
    Days on Market:
    140
    Last Refresh:
    Jul 14 at 8:06 am

    Property Features for 2402 Tahiti Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    16
    Parking features
    Garage
    Patio and Porch features
    Patio
    Appliances
    Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
    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

    Utilities

    Heating system
    Electric (Heating), Central
    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 agent Arlen Gracia

    Listing office Top Tier Real Estate Group LLC P.O. Box 553 Suite A, McAllen, TX

    Listing date Feb 24, 2026

    MLS# 490376 Listing URL

    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 well-maintained 8-plex presents an excellent investment opportunity. Situated at the end of a quiet cul-de-sac, the property offers a desirable unit mix with strong rental demand, consistent cash flow, and upside potential. Tenants benefit from a peaceful setting with minimal through traffic, while still enjoying convenient access to shopping, schools, and major commuter routes. The property features ample parking, a solid occupancy history, and low-maintenance grounds. Encompassing 7,848 square feet on a 0.6905-acre lot, this multifamily property is ideal for both seasoned investors and those looking to expand their portfolio with a stable, income-producing asset. The property is located in Edinburg, Texas, in Hidalgo County.

    Key Highlights

    • Strong rental demand and consistent cash flow.
    • Well‑maintained 8‑plex in a quiet cul‑de‑sac.
    • Convenient location near shopping, schools, and major commuter routes.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $123.4k $15.72
    − Vacancy −$3.6k −$0.46
    EGI $119.8k $15.26
    − OpEx −$53.9k −$6.87
    NOI $65.9k $8.40
    7,848 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $941.2K
    $823.6K – $1.10M (±1% cap)
    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 (±1% cap)
    NOI $142,545 @ 7.0% cap · market cap 17.28%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Dental Office Law Firm Real Estate Agency Building Supply Hair Salon Spa & Massage Center Big Box & Wholesale Store Electrical Service HVAC Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-plex in Edinburg, TX with strong rental demand.
    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: Strong rental demand and consistent cash flow.; Well‑maintained 8‑plex in a quiet cul‑de‑sac.; Convenient location near shopping, schools, and major commuter routes.
    Contact an agent
    (956) 400-8802
    We can help!
    Contact an agent
    Arlen Gracia
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