2602 Primrose Ave. Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Features for 2602 Primrose Ave.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Bedrooms
- 10
- Bathrooms
- 10
- Rooms
- Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 7, Bathroom 2, Bathroom 6, Bathroom 7, Bathroom 10, Bedroom 2, Bathroom 8, Bedroom 3, Bedroom 1, Bedroom 9, Bathroom 4, Bathroom 9, Bathroom 5, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 10
- Pets allowed
- No
- Interior features
- Smoke Detector, Washer/Dryer Hook-up
- Appliances
- Refrigerator, Stove, Washer/Dryer
- Standard status
- Active
- Size
- 4,710 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11970
Building Details
- Year built
- 2021
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Composition
Listing agent Vanessa Alaniz License #772079 (512) 573-2010
Listing office RE/MAX Elite 103 S Garcia St., Mission, TX (956) 433-5648
Listing date Apr 17, 2026
Copyright © 2026 South Padre Island Board 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.
Located at 2602 Primrose Ave. in Edinburg, TX 78541, the property is described as being minutes from URGV and the Hidalgo County Courthouse. Public remarks also cite nearby major shopping, hospitals, and key highways, positioning the asset within an established local services and retail corridor.
From a tenant and operator standpoint, a quadplex configuration can support straightforward management across multiple units while staying within a residential-income framework. For buyers, the stated full occupancy provides a documented starting point for underwriting, while the centrally referenced access to regional employers, services, and transportation routes may help sustain everyday leasing demand. For additional details on unit layout, rents, and financials, please contact the listing agent.
Key Highlights
- Built in 2021 with brick construction
- 10 bedrooms and 10 bathrooms
- Tile flooring throughout
Local Financial Insights For Multifamily LT 5
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 | $65.0k | $13.80 |
| − Vacancy | −$1.8k | −$0.38 |
| EGI | $63.2k | $13.42 |
| − OpEx | −$19.0k | −$4.03 |
| NOI | $44.2k | $9.39 |
