Four-Unit Multifamily
For Sale
$525,000
2709 Primrose Avenue, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,320 SF
Lot Size0.26 Acres
Price / SF$121.53
Days on Market159
Property Features for 2709 Primrose Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Patio and Porch features
Patio
Appliances
Electric Water Heater, Smooth Electric Cooktop, Dryer, Refrigerator, Washer
Subdivision
Mccoll Manor
Lot features
Sidewalks
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.
Standard status
Active
APN
M256000000001700
Size
4,320 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
11268
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2021
Floors in Building
1
Number of units
4
Building materials
Brick, Stone
Roof type
Composition
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 1:06AM
MLS# 457430
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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Investment Insights
Based on property information with market context.
This 2021 multifamily property comprises two buildings with two units in each. The buildings contain a combined 4,320 square feet and sit on a 0.2571-acre lot. Central heating and air conditioning serve the property, and patios are included. Construction materials include brick and stone, with a composition roof.
Appliances include electric water heaters, smooth electric cooktops, washers, dryers, and refrigerators. Under the current lease arrangements, the owner covers water and garbage expenses.
Appliances include electric water heaters, smooth electric cooktops, washers, dryers, and refrigerators. Under the current lease arrangements, the owner covers water and garbage expenses.
Key Highlights
- Four units across two buildings
- 4,320 square feet of building area on a 0.2571‑acre lot
- Built in 2021 with brick and stone construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,268
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,360
$725.4K
Cap Rate 7%
$518,114
$518.1K
Cap Rate 9%
$402,978
$403.0K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$67.9K $15.72/SF
− Vacancy
−$2.0K −$0.46/SF
EGI
$65.9K $15.26/SF
− OpEx
−$29.7K −$6.87/SF
NOI
$36.3K $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%
$725,360
Cap Rate 7%
$518,114
Cap Rate 9%
$402,978
Alternative Uses
Best Use
Apartment 5plus
$518.1K
$453.4K – $604.5K
NOI $36,268 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$980.8K – $1.31M
NOI $78,465 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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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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?
Multifamily property - Two buildings provide four rental units, with central heating and air conditioning and patios.
Where is this multifamily property located?
The property is located at 2709 Primrose Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four units across two buildings; 4,320 square feet of building area on a 0.2571‑acre lot; Built in 2021 with brick and stone construction
