Four-Plex Residential
For Sale
$373,000
2106 Kimberly Lane, Edinburg, TX 78541
MULTI_FAMILY - Edinburg, TX
Property Size3,640 SF
Lot Size0.22 Acres
Price / SF$102.47
Days on Market136
Property Features for 2106 Kimberly Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Balcones Trail
Lot features
Mature Trees
Elementary school
Gonzalez
Middle school
South Middle School
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Head south toward W Trenton Rd. Turn right onto W Trenton Rd. Turn right onto S Jackson Rd. Turn left onto Kimberly Ln. Destination will be on the left
Standard status
Active
APN
B031001000001000
Size
3,640 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6721
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
mature trees
Building Details
Year built
1997
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez · License #713189
(956) 599-8400
Added: Apr 15
Changed: Jul 31
Last Checked: Aug 28 at 10:06AM
MLS# 477777
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 four-plex was built in 1997 and is configured as four separate residential units. Each unit offers a two-bedroom, two-bath layout. The property includes central heating and central air conditioning for year-round comfort.
Set on a 0.2165-acre lot, the building features a roof with shingle material. The rear of the property has covered parking, supporting day-to-day tenant convenience. Appliances referenced for the units include electric water heaters, washers, dryers, refrigerators, and stove/range.
The location is described as being near Walmart, UTRGV, and the courthouse, making it well-suited for buyers seeking a multi-unit residential investment in Edinburg, Texas.
Set on a 0.2165-acre lot, the building features a roof with shingle material. The rear of the property has covered parking, supporting day-to-day tenant convenience. Appliances referenced for the units include electric water heaters, washers, dryers, refrigerators, and stove/range.
The location is described as being near Walmart, UTRGV, and the courthouse, making it well-suited for buyers seeking a multi-unit residential investment in Edinburg, Texas.
Key Highlights
- Brick four‑plex built in 1997
- Four units with two‑bedroom, two‑bath layouts
- Central heat and central air conditioning
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
$34,195
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
9.17%
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%
$683,900
$683.9K
Cap Rate 7%
$488,500
$488.5K
Cap Rate 9%
$379,944
$379.9K
Market Conditions
NOI Build-Up for 3,640 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
$50.2K $13.80/SF
− Vacancy
−$1.4K −$0.38/SF
EGI
$48.9K $13.42/SF
− OpEx
−$14.7K −$4.03/SF
NOI
$34.2K $9.39/SF
Area
Edinburg, TX
Vacancy
2.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$683,900
Cap Rate 7%
$488,500
Cap Rate 9%
$379,944
Alternative Uses
Best Use
Multifamily LT 5
$488.5K
$427.4K – $569.9K
NOI $34,195 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$436.6K
$382.0K – $509.3K
NOI $30,559 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$944.5K
$826.4K – $1.10M
NOI $66,114 @ 7.0% cap · market cap 17.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
748
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?
Quadplex - Brick four-plex built in 1997 with central HVAC and rear covered parking, offering two-bedroom, two-bath units.
Where is this quadplex located?
The property is located at 2106 Kimberly Lane Edinburg, TX.
What is the asking price?
The asking price for this property is $373,000.
What are key features of this property?
This property features: Brick four‑plex built in 1997; Four units with two‑bedroom, two‑bath layouts; Central heat and central air conditioning
