Four-Unit Residential Property with
New
For Sale
$510,000
Pending
2509 S Hillside Avenue, Edinburg, TX 78542
Residential Income, Edinburg, TX
Property Size3,670 SF
Lot Size0.24 Acres
Days on Market5
Property Features for 2509 S Hillside Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking
8
Parking features
Other
Patio and Porch features
Patio
Exterior features
Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
Subdivision
Canton Hills Subdivision
Lot features
Curb & Gutters, Sidewalks, Sprinkler System
Elementary school
Cano-Gonzales
Middle school
Barrientes
High school
Edinburg H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Driving East on Canton, past Raul Longoria, left on S Hilltop Ave. Left on E Hillview Ave. Property will be on the left.
Standard status
Pending
APN
V384300000004200
Size
3,670 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1300
HOA Fee
$600 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Preshina Samtani
(956) 460-7763
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 26 at 5:06AM
MLS# 518452
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property is under construction on a 0.2403-acre parcel. Its unit mix includes two residences with three bedrooms and two bathrooms each, plus two residences with two bedrooms and two bathrooms each. Interior features include tile flooring and upgraded lighting, with a patio assigned to each unit. The building has stucco construction, central heating and cooling, and a privacy fence.
The property is located minutes from Expressway 281 and near Walmart Supercenter and UTRGV Stadium. Public water service and a sprinkler system are also part of the property.
The property is located minutes from Expressway 281 and near Walmart Supercenter and UTRGV Stadium. Public water service and a sprinkler system are also part of the property.
Key Highlights
- Four units: two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units
- 0.2403‑acre parcel
- Under construction; year built listed as 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,477
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,540
$689.5K
Cap Rate 7%
$492,529
$492.5K
Cap Rate 9%
$383,078
$383.1K
Market Conditions
NOI Build-Up for 3,670 SF
Gross rent
$50.6K $13.80/SF
− Vacancy
−$1.4K −$0.38/SF
EGI
$49.3K $13.42/SF
− OpEx
−$14.8K −$4.03/SF
NOI
$34.5K $9.39/SF
Area
Edinburg, TX
Vacancy
2.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,540
Cap Rate 7%
$492,529
Cap Rate 9%
$383,078
Alternative Uses
Best Use
Multifamily LT 5
$492.5K
$431.0K – $574.6K
NOI $34,477 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$440.2K
$385.1K – $513.5K
NOI $30,811 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$952.3K
$833.2K – $1.11M
NOI $66,659 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 78542, TX
84,678
Population
25,198
Households
3.4
Avg Household Size
28
Median Age
13%
College-Educated
64%
High-School Grad
176.0 sq mi
ZIP Area
481
Density / Sq Mi
$52,962
Median Household Income
$30,377
Median Earnings
$876
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The four-unit property is under construction and includes a patio for each residence.
Where is this quadplex located?
The property is located at 2509 S Hillside Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Four units: two 3‑bedroom, 2‑bath units and two 2‑bedroom, 2‑bath units; 0.2403‑acre parcel; Under construction; year built listed as 2026
