New▼ 12% cut
$5,300,000
24-Unit Multifamily in Edinburg, TX
TX · listed Oct 16, 2026 (12 days)
▼ Reduced 11.7% on Oct 22, 2026, was $6,000,000
Price per unit compared
This property$221K
Within ~40 mi (166)$88K
Texas median (1,029)$100K
- $/unit
- $220,833
- ▲ 121% vs TX · 88th pct
- Cap rate
- —
- Gross yield
- 8.7%
- Units
- 24
- 2026
Financials
- Asking price
- $5,300,000
- Price per unit
- $220,833
- Price per sq ft
- $167
- Gross rent / year
- $460,800avg rent × units
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 8.7%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 24
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 2026
- Building size
- 31,800 sq ft
- Avg unit size
- 1,325 sq ft
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 16, 2026
- Days on market
- 12 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 22, 2026: $6M → $5.3M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1330
About this property
Highlights
- Exclusive gated condominium subdivision in Edinburg, Texas.
- Six completed fourplex buildings totaling 24 condominium units.
- Each condominium contains approximately 1,325 square feet.
- Existing rental income reported at $1,600 per month per condominium.
- Development capacity for 101 additional condominium units.
- Potential full buildout of 125 condominiums within one master-planned community.
- Property Flyers
- Presentación Jose Chapa Fachada LAS MAGNOLIAS GATE OP 2-1 (1)
- Plot Las Magnolias Available Lots (1)
- Proforma Las Magnolias 2026 (1)
- Public Transportation
- Airport
- Drive
- Walk
- Distance
- McAllen International
- 15 min
- -
- 9.4 mi
- Valley International
- 61 min
- -
- 42.4 mi
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Edinburg, TX | $4.9M | $136K$136K | — |
 Edinburg, TXStabilized | $1.05M | $132K$132K | — |
 Edinburg, TXNew▼ 2% cutValue-add | $1.4M | $116K$116K | — |
 Edinburg, TXNewStabilized | $4.9M | $136K$136K | — |
 Donna, TXStabilized | $1.6M | $76K$76K | 7.6% |
 Edinburg, TXStabilized | $400K | $50K$50K | — |