Four-Unit Multifamily
New
For Sale
$474,000
2502 Cervantes Ave, Edinburg, TX 78541
Four-unit residential income property with a well-maintained configuration in Edinburg.
Property Size4,937 SF
Price / SF$96.01
Days on Market4
Property Features for 2502 Cervantes Ave
General Information
Standard status
Active
Size
4,937 SF
Property subtype
Multi-Family
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
RE/MAX elite
(956) 330-3674
Listed By:
Yanett Rodriguez · License #695607
Source:
Aregtx
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 2 at 9:36AM
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.
This four-unit multifamily property in Edinburg, Texas, contains 4,937 square feet and was built in 2005. The property is described as well maintained, with each unit configured to support residential rental use.
Located at 2502 Cervantes Ave, the property is positioned near major roads, shopping, dining, schools, and medical facilities. Its four-unit layout provides a defined residential income configuration for multifamily ownership.
Located at 2502 Cervantes Ave, the property is positioned near major roads, shopping, dining, schools, and medical facilities. Its four-unit layout provides a defined residential income configuration for multifamily ownership.
Key Highlights
- Four‑unit multifamily property
- 4,937 square feet of property size
- Built in 2005
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 | $77.6k | $15.72 |
| − Vacancy | −$2.3k | −$0.46 |
| EGI | $75.4k | $15.26 |
| − OpEx | −$33.9k | −$6.87 |
| NOI | $41.4k | $8.40 |
4,937 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$662.6K
$579.8K – $773.0K
NOI $46,380 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$592.1K
$518.1K – $690.8K
NOI $41,447 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,672 @ 7.0% cap · market cap 18.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
394
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with a well-maintained configuration in Edinburg.
Where is this quadplex located?
The property is located at 2502 Cervantes Ave Edinburg, TX.
What is the asking price?
The asking price for this property is $474,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 4,937 square feet of property size; Built in 2005
