4-Unit Multifamily
For Sale
$500,000
2705 Primrose Avenue, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,032 SF
Lot Size0.26 Acres
Price / SF$124.01
Days on Market159
Property Features for 2705 Primrose Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Parking features
None
Patio and Porch features
Patio
Exterior features
Sprinkler System
Appliances
Electric Water Heater
Subdivision
Mccoll Manor
Lot features
Alley
Elementary school
Zavala
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
Going north on McColl Rd in Edinburg past 107, take a right, East, on Primrose Ave, property is on your left, North.
Standard status
Active
APN
M256000000001600
Size
4,032 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
13644
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2018
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Gabriel Alcantar
(956) 970-1963
Added: May 21
Changed: Oct 8
Last Checked: Oct 26 at 2:06AM
MLS# 457409
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises two brick buildings with four units across 4,032 square feet. Built in 2018, the buildings have central heating and central air conditioning. Additional features include a patio, sprinkler system, electric water heater, and shingle roof. No parking is listed.
Key Highlights
- Four units across two buildings
- 4,032 square feet of building area
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,850
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,000
$677.0K
Cap Rate 7%
$483,571
$483.6K
Cap Rate 9%
$376,111
$376.1K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$63.4K $15.72/SF
− Vacancy
−$1.8K −$0.46/SF
EGI
$61.5K $15.26/SF
− OpEx
−$27.7K −$6.87/SF
NOI
$33.8K $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%
$677,000
Cap Rate 7%
$483,571
Cap Rate 9%
$376,111
Alternative Uses
Best Use
Apartment 5plus
$483.6K
$423.1K – $564.2K
NOI $33,850 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$915.4K – $1.22M
NOI $73,234 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
71
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two brick buildings provide four rental units, with central heating and air conditioning.
Where is this multifamily property located?
The property is located at 2705 Primrose Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four units across two buildings; 4,032 square feet of building area; Built in 2018
