Edinburg Multifamily Investment
2402 Tahiti Drive Edinburg, TX 78541
2402 Tahiti Drive, Edinburg, TX, 78541
$825,000
For Sale
$825,000
MULTI_FAMILY - Edinburg, TX
Property Size7,848 SF
Lot Size0.69 Acres
Price / SF$105.12
Days on Market145
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 Agency
Top Tier Real Estate Group LLC
(956) 207-0301
P.O. Box 553 Suite A, McAllen, TX
Listed by
Arlen Gracia
(956) 400-8802
Added: Feb 24 Checked: Jul 19 at 3:06 pm
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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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.
