4-Plex Income Property with Central
For Sale
$373,000
2206 Kimberly Lane, Edinburg, TX 78539
MULTI_FAMILY - Edinburg, TX
Property Size3,640 SF
Lot Size0.24 Acres
Price / SF$102.47
Days on Market113
Property Features for 2206 Kimberly Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Appliances
Electric Water Heater, Electric Cooktop, Dryer, Refrigerator, Washer
Subdivision
Balcones Trail
Elementary school
De La Vina
Middle school
Vela
High school
Southside H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From W University Dr (State Hwy 107), head South on S Jackson Rd. Continue for approximately 0.5 miles and turn Left (East) onto W Kimberly Ln. The property will be located on the Left side of the street.
Standard status
Active
APN
B031001000001400
Size
3,640 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7410
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1999
Floors in Building
1
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: Apr 15
Changed: Jul 31
Last Checked: Aug 5 at 3:06PM
MLS# 490589
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 well-maintained 4-plex is a fully leased, income-producing property featuring a 3,640 SF layout on a 0.2429-acre lot. The building has stucco construction and a shingle roof, with central heating and central air conditioning for resident comfort. Parking is available via a garage, and the property is served by public water.
The location is in Edinburg, with proximity to UTRGV and the Hidalgo County Courthouse, and convenience to dining, shopping, and entertainment.
Built in 1999, the units include electric appliances such as an electric water heater and electric cooktop, along with a refrigerator, washer, and dryer.
The location is in Edinburg, with proximity to UTRGV and the Hidalgo County Courthouse, and convenience to dining, shopping, and entertainment.
Built in 1999, the units include electric appliances such as an electric water heater and electric cooktop, along with a refrigerator, washer, and dryer.
Key Highlights
- Fully leased 4‑plex income property
- 3,640 SF building size on 0.2429‑acre lot
- Central heating with central air conditioning
Financial Insights For Multifamily LT 5
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 | $50.2k | $13.80 |
| − Vacancy | −$1.4k | −$0.38 |
| EGI | $48.9k | $13.42 |
| − OpEx | −$14.7k | −$4.03 |
| NOI | $34.2k | $9.39 |
3,640 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
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
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
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?
Quadplex - Fully leased 4-plex with central air and central heating, garage parking, and public water service in Edinburg.
Where is this quadplex located?
The property is located at 2206 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: Fully leased 4‑plex income property; 3,640 SF building size on 0.2429‑acre lot; Central heating with central air conditioning
