Five-Unit Apartment
For Sale
$420,000
5102 W Schunior Street, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Size4,500 SF
Lot Size0.88 Acres
Price / SF$93.33
Days on Market135
Property Features for 5102 W Schunior Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Patio and Porch features
Patio
Exterior features
Mature Trees
Appliances
Electric Water Heater, Water Heater (Other Location), Dryer, Refrigerator, Stove/Range-Electric Coil, Washer
Subdivision
Tex-Mex Survey
Lot features
Mature Trees
Elementary school
Cavazos
Middle school
B.L. Garza
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From State Highway 107 (University) and Hoehn, Go North. On Schunior, Go West. Property on South Side.
Standard status
Active
APN
T210000280000102
Size
4,500 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
8978
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
1989
Floors in Building
1
Number of units
5
Building materials
Brick
Roof type
Composition
Listing Agency:
SANETI Realty Group
(956) 833-1850
Listed By:
Manuel Zavala · License #475188553
(224) 330-7777
Added: Apr 21
Changed: Aug 4
Last Checked: Sep 2 at 4:06PM
MLS# 502415
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 brick five-unit apartment building is currently operating at full occupancy. Each unit is configured with two bedrooms and one bathroom, and includes in-unit appliances for tenant convenience. The property includes central heating and central air with electric systems, along with a patio and a composition roof. Set on approximately 0.88 acres, the building was built in 1989 and features mature trees on the exterior.
Owner financing is available, which may provide additional flexibility for qualified buyers. The units are described as approximately 900 square feet of living space each.
Overall, the property presents a straightforward multifamily setup with consistent unit layouts and on-site features aimed at supporting day-to-day tenancy.
Owner financing is available, which may provide additional flexibility for qualified buyers. The units are described as approximately 900 square feet of living space each.
Overall, the property presents a straightforward multifamily setup with consistent unit layouts and on-site features aimed at supporting day-to-day tenancy.
Key Highlights
- Approximately 0.88‑acre lot with mature trees
- Five‑unit apartment building currently operating at full occupancy
- Two‑bed, one‑bath units with in‑unit appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,779
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$755,580
$755.6K
Cap Rate 7%
$539,700
$539.7K
Cap Rate 9%
$419,767
$419.8K
Market Conditions
NOI Build-Up for 4,500 SF
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.
Gross rent
$70.7K $15.72/SF
− Vacancy
−$2.1K −$0.46/SF
EGI
$68.7K $15.26/SF
− OpEx
−$30.9K −$6.87/SF
NOI
$37.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$755,580
Cap Rate 7%
$539,700
Cap Rate 9%
$419,767
Alternative Uses
Best Use
Apartment 5plus
$539.7K
$472.2K – $629.7K
NOI $37,779 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,734 @ 7.0% cap · market cap 19.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
64
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Brick five-unit apartment building with central electric HVAC, in-unit appliances, and a patio, built in 1989.
Where is this apartment building located?
The property is located at 5102 W Schunior Street Edinburg, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Approximately 0.88‑acre lot with mature trees; Five‑unit apartment building currently operating at full occupancy; Two‑bed, one‑bath units with in‑unit appliances
