Brick Quadplex with
For Sale
$474,000
2502 Cervantes Avenue, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,937 SF
Lot Size0.37 Acres
Price / SF$96.01
Days on Market265
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Property Features for 2502 Cervantes Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
Subdivision
Los Molinos
Lot features
Cul-De-Sac, Irregular Lot, Sidewalks, Sprinkler System
Elementary school
De La Vina
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 McColl and Shunior drive East and turn right into La Marcha Dr and left into Cervantes Dr and property will be on the right of the cul-de-sac
Standard status
Active
APN
L626901000000400
Size
4,937 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10636
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
2005
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Yanett Rodriguez · License #695607
(956) 522-8213
Added: Jan 23
Changed: Oct 8
Last Checked: Oct 15 at 1:06PM
MLS# 492264
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 four-unit residential income property contains 4,937 square feet on a 0.3687-acre lot. Built in 2005, the building features brick construction, a composition roof, central electric heating, and central air conditioning. Garage parking is included, along with electric water heating and a suite of appliances including refrigerators, electric coil ranges, washers, and dryers.
The property is located at 2502 Cervantes Avenue in Edinburg, Texas 78541, within Hidalgo County. Its residential configuration and existing building systems provide a defined multifamily asset in the Edinburg market.
The property is located at 2502 Cervantes Avenue in Edinburg, Texas 78541, within Hidalgo County. Its residential configuration and existing building systems provide a defined multifamily asset in the Edinburg market.
Key Highlights
- Four‑unit property containing 4,937 square feet
- Situated on a 0.3687‑acre lot
- Built in 2005 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,447
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,940
$828.9K
Cap Rate 7%
$592,100
$592.1K
Cap Rate 9%
$460,522
$460.5K
Market Conditions
NOI Build-Up for 4,937 SF
Gross rent
$77.6K $15.72/SF
− Vacancy
−$2.3K −$0.46/SF
EGI
$75.4K $15.26/SF
− OpEx
−$33.9K −$6.87/SF
NOI
$41.4K $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%
$828,940
Cap Rate 7%
$592,100
Cap Rate 9%
$460,522
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.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with central heating and cooling, electric appliances, and garage parking.
Where is this quadplex located?
The property is located at 2502 Cervantes Avenue 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 property containing 4,937 square feet; Situated on a 0.3687‑acre lot; Built in 2005 with brick construction
