4-Unit
For Sale
$373,000
2206 Kimberly Lane, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size3,640 SF
Lot Size0.24 Acres
Price / SF$102.47
Days on Market204
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 · License #713189
(956) 599-8400
Added: Apr 15
Changed: Oct 19
Last Checked: Nov 4 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This 3,640-square-foot quadplex contains four residential units and is fully leased. Built in 1999, the property features stucco construction, a shingle roof, central heating and central air, public water service, and garage parking. Included appliances are electric water heaters, electric cooktops, dryers, refrigerators, and washers.
The property occupies 0.2429 acres in Edinburg, near UTRGV and the Hidalgo County Courthouse. Dining, shopping, and entertainment are also located nearby, providing convenient access to everyday amenities.
The property occupies 0.2429 acres in Edinburg, near UTRGV and the Hidalgo County Courthouse. Dining, shopping, and entertainment are also located nearby, providing convenient access to everyday amenities.
Key Highlights
- Fully leased 4‑unit quadplex
- 3,640 square feet on 0.2429 acres
- Built in 1999 with stucco construction and shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,195
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased quadplex with central HVAC, garage parking, and multiple appliances.
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‑unit quadplex; 3,640 square feet on 0.2429 acres; Built in 1999 with stucco construction and shingle roof
