1620 Norma Lane Edinburg, TX 78539
MULTI_FAMILY - Edinburg, TX
- Added:
- Apr 30, 2026
- Days on Market:
- 76
- Last Refresh:
- Jul 14 at 5:06 am
Property Features for 1620 Norma Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage
- Exterior features
- Mature Trees
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- C485003000010500
- Size
- 3,920 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6363
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Jaime Lee Gonzalez (956) 599-8400
Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX (956) 928-1155
Listing date Apr 30, 2026
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.
Key Highlights
- Fourplex built in 1980 with brick construction and shingle roof
- Each unit features 2 bedrooms and 2 bathrooms
- In‑unit appliance package includes washer, dryer, refrigerator, and stove/range
Local 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 | $61.6k | $15.72 |
| − Vacancy | −$1.8k | −$0.46 |
| EGI | $59.8k | $15.26 |
| − OpEx | −$26.9k | −$6.87 |
| NOI | $32.9k | $8.40 |
