Duplex with
For Sale
$245,000
3036 Scottland Drive, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size1,900 SF
Lot Size0.12 Acres
Price / SF$128.95
Days on Market76
Property Features for 3036 Scottland Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Parking features
Garage
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
Subdivision
The Boardwalk
Lot features
Sidewalks, Sprinkler System
Elementary school
Trevino
Middle school
South Middle School
High school
Edinburg H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Go North on McColl past Trenton. Before Freddy Gonzalez, go West on Regency Drive. Once past the gate, south on Scotland.
Standard status
Active
APN
T293500002000300
Size
1,900 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5584
HOA Fee
$870 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
pool
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Building materials
Stucco
Roof type
Tile
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Tarunkumar (Ravi) Murjani · License #0569922
(956) 821-6190
Added: Jun 21
Changed: Aug 25
Last Checked: Sep 4 at 11:06AM
MLS# 502168
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 duplex property contains two well-maintained 2BR/2BA units within a gated Edinburg community. The 1,900-square-foot building was constructed in 2007 and features stucco construction, a tile roof, central electric heating, central air conditioning, public water, privacy fencing, and a garage. Each residence includes a refrigerator, stove/range, microwave, dishwasher, washer, and dryer. One unit is vacant, providing flexibility for an owner-occupant arrangement or separate leasing.
Residents have access to a community pool, and a grocery store is located minutes away. The property is situated in Edinburg, Hidalgo County, near the 78539 postal area.
Residents have access to a community pool, and a grocery store is located minutes away. The property is situated in Edinburg, Hidalgo County, near the 78539 postal area.
Key Highlights
- Two 2BR/2BA units within a duplex property
- 1,900 square feet; constructed in 2007
- One unit is vacant
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
$17,849
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
7.29%
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%
$356,980
$357.0K
Cap Rate 7%
$254,986
$255.0K
Cap Rate 9%
$198,322
$198.3K
Market Conditions
NOI Build-Up for 1,900 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
$26.2K $13.80/SF
− Vacancy
−$721 −$0.38/SF
EGI
$25.5K $13.42/SF
− OpEx
−$7.6K −$4.03/SF
NOI
$17.8K $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%
$356,980
Cap Rate 7%
$254,986
Cap Rate 9%
$198,322
Alternative Uses
Best Use
Multifamily LT 5
$255.0K
$223.1K – $297.5K
NOI $17,849 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$227.9K
$199.4K – $265.9K
NOI $15,951 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$493.0K
$431.4K – $575.2K
NOI $34,510 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
322
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?
Duplex - Two-bedroom units include appliances and access to a community pool.
Where is this duplex located?
The property is located at 3036 Scottland Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two 2BR/2BA units within a duplex property; 1,900 square feet; constructed in 2007; One unit is vacant
