Edinburg Fourplex: Turnkey
2802 Primrose Avenue Edinburg, TX 78541
2802 Primrose Avenue, Edinburg, TX, 78541
$499,000
For Sale
$499,000
MULTI_FAMILY - Edinburg, TX
Property Size4,200 SF
Lot Size0.26 Acres
Price / SF$118.81
Days on Market226
Property Features for 2802 Primrose Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage, Other
- Patio and Porch features
- Patio
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Smooth Electric Cooktop, Dryer, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- M256000000002600
- Size
- 4,200 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11044
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2020
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Composition
Listing agency
Key Realty
(956) 627-7552
Listed by
Preshina Samtani
(956) 460-7763
Added: Dec 8, 2025 Updated: Jun 9 at 1:33PM Checked: Jul 22 at 7:06PM
MLS# 488072
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 modern fourplex, constructed less than five years ago, is located in Edinburg, Texas, near UTRGV. The property is fully leased and offers immediate income. The property size is 4,200 square feet and the lot size is 0.2571 acres. This property is located in a desirable area and benefits from consistent demand and steady tenant interest.
Key Highlights
- Fourplex built in 2020 with brick construction and a composition roof
- Central air conditioning plus electric heating/cooling systems
- Sprinkler system on site
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 | $58.0k | $13.80 |
| − Vacancy | −$1.6k | −$0.38 |
| EGI | $56.4k | $13.42 |
| − OpEx | −$16.9k | −$4.03 |
| NOI | $39.5k | $9.39 |
4,200 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$563.7K
$493.2K – $657.6K
NOI $39,456 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$503.7K
$440.8K – $587.7K
NOI $35,260 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$1.09M
$953.6K – $1.27M
NOI $76,285 @ 7.0% cap · market cap 15.29%
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 - Modern, fully leased fourplex near UTRGV in Edinburg, Texas.
Where is this quadplex located?
The property is located at 2802 Primrose Avenue Edinburg, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fourplex built in 2020 with brick construction and a composition roof; Central air conditioning plus electric heating/cooling systems; Sprinkler system on site
