Apartment Building with Two-Bedroom
New
For Sale
$999,000
3709 W Monte Cristo Rd, Edinburg, TX 78541
Brick multifamily property with tiled interiors, appliances, and convenient access to UTRGV, shopping, schools, and major roadways.
Property Size9,318 SF
Lot Size0.83 Acres
Price / SF$107.21
Days on Market4
Property Features for 3709 W Monte Cristo Rd
General Information
Standard status
Active
Size
9,318 SF
Lot size
0.83 Acres
Property subtype
Multi-Family
Amenities
tile flooring
ceiling fans
stove
refrigerator
washer/dryer
Building Details
Year Built
2004
Construction
brick
Listing Agency:
Keller Williams Realty RGV
(956) 566-8377
Listed By:
Jaime Lee Gonzalez
Source:
Aregtx
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 3 at 8:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This brick apartment property in North Edinburg was built in 2004 and includes multiple residential units. Each unit features two bedrooms, two bathrooms, tile flooring, ceiling fans, and essential appliances including a stove, refrigerator, and washer/dryer. The property occupies 0.83 acres and is identified at 3709 W Monte Cristo Rd, Edinburg, TX 78541.
The surrounding area includes UTRGV, shopping centers, and Edinburg ISD schools. Major roadway access is available, and the property sits within an area described as experiencing ongoing residential and commercial development. The combination of unit layouts, in-place appliance packages, and established construction provides a clear physical profile for multifamily ownership.
The surrounding area includes UTRGV, shopping centers, and Edinburg ISD schools. Major roadway access is available, and the property sits within an area described as experiencing ongoing residential and commercial development. The combination of unit layouts, in-place appliance packages, and established construction provides a clear physical profile for multifamily ownership.
Key Highlights
- Multiple apartment units with two‑bedroom, two‑bathroom layouts
- 0.83‑acre multifamily property in North Edinburg
- Built in 2004
Financial Insights For Apartment 5plus
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 | $146.5k | $15.72 |
| − Vacancy | −$4.2k | −$0.46 |
| EGI | $142.2k | $15.26 |
| − OpEx | −$64.0k | −$6.87 |
| NOI | $78.2k | $8.40 |
9,318 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$977.8K – $1.30M
NOI $78,227 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,245 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
233
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with tiled interiors, appliances, and convenient access to UTRGV, shopping, schools, and major roadways.
Where is this apartment building located?
The property is located at 3709 W Monte Cristo Rd Edinburg, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Multiple apartment units with two‑bedroom, two‑bathroom layouts; 0.83‑acre multifamily property in North Edinburg; Built in 2004
