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    Edinburg Four-Plex Investment Opportunity

    2705 Primrose Avenue Edinburg, TX 78541

    2705 Primrose Avenue, Edinburg, TX, 78541
    $500,000
    For Sale
    Claim this Listing
    $500,000

    MULTI_FAMILY - Edinburg, TX

    Property Size4,032 SF
    Lot Size0.26 Acres
    Price / SF$124.01
    AddedMay 21
    Days on Market57
    Last RefreshJul 16 at 11:06 am

    Property Features for 2705 Primrose Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    2
    Parking features
    Garage
    Patio and Porch features
    Patio
    Exterior features
    Sprinkler System
    Appliances
    Electric Water Heater
    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 agent Gabriel Alcantar License #750863

    Listing office RE/MAX elite 2575 E Griffin Parkway, Suite 14 Suite 14, Mission, TX

    Listing date May 21, 2026

    MLS# 457409 Listing URL

    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-plex in Edinburg presents an investment opportunity, featuring a proven rental track record. The property consists of two buildings, each containing two units. Each unit includes 4 bedrooms and 4 bathrooms. The owner currently covers water and garbage expenses, as per the lease agreement. The property size is 4032 square feet and the lot size is 0.2571 acres.

    Key Highlights

    • Four‑Plex: Two buildings, each with two units, offering multiple income streams.
    • Each unit features 4 bedrooms and 4 bathrooms, appealing to larger families or tenants seeking ample space.
    • Proven Rental Track Record: Demonstrates existing demand and income potential.

    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 $55.6k $13.80
    − Vacancy −$1.5k −$0.38
    EGI $54.1k $13.42
    − OpEx −$16.2k −$4.03
    NOI $37.9k $9.39
    4,032 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $541.1K
    $473.5K – $631.3K (±1% cap)
    NOI $37,878 @ 7.0% cap · market cap 7.58%
    Second Best
    Apartment 5plus
    $483.6K
    $423.1K – $564.2K (±1% cap)
    NOI $33,850 @ 7.0% cap · market cap 6.77%
    Theoretical Best
    Office A
    $1.05M
    $915.4K – $1.22M (±1% cap)
    NOI $73,234 @ 7.0% cap · market cap 14.65%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

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    FAQs

    What type of property is this?
    Quadplex - Four-plex in Edinburg with proven rental track record.
    Where is this quadplex 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‑Plex: Two buildings, each with two units, offering multiple income streams.; Each unit features **4 bedrooms and 4 bathrooms**, appealing to larger families or tenants seeking ample space.; **Proven Rental Track Record**: Demonstrates existing demand and income potential.
    Contact an agent
    (956) 970-1963
    We can help!
    Contact an agent
    Gabriel Alcantar
    Gabriel Alcantar
    Real Estate License ID: 750863
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