Edinburg Fourplex Built in
3303 Aurora Lane Edinburg, TX 78542
3303 Aurora Lane, Edinburg, TX, 78542
$508,000
For Sale
$508,000
MULTI_FAMILY - Edinburg, TX
Property Size4,256 SF
Lot Size0.32 Acres
Price / SF$119.36
Days on Market96
Property Features for 3303 Aurora Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Exterior features
- Sprinkler System
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- T823800000000700
- Size
- 4,256 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11346
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick, Stone
- Roof type
- Shingle
Listing Agency
Tierra Frontera LLC
(956) 307-4544
833 E Esperanza Ave Suite 113, McAllen, TX
Listed by
Jessica Marroquin
(956) 536-2715
Added: Apr 16 Updated: May 14 at 1:44 am Checked: Jul 20 at 4:06 pm
MLS# 494328
Listing URL
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 fourplex, constructed in 2022, is located on a corner lot within the Tulipan Villas subdivision in Edinburg, Texas. The multi-unit property presents an opportunity for investment or multi-generational living. It comprises four units, featuring a mix of two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units. Each unit has a private entrance and a dedicated covered carport. The exterior of the building is constructed with brick and stone accents. The property is located near schools, shopping, dining, and major roadways, providing access throughout Edinburg and the Rio Grande Valley. The property is situated on a 0.3242-acre lot. The total building size is 4256 square feet. The property is suitable for investors or owner-occupants seeking long-term value.
Key Highlights
- Fourplex built in 2021/2022 offering immediate rental income.
- Located in the desirable Tulipan Villas subdivision on a corner lot.
- Features a mix of two 3‑bedroom/2‑bath and two 2‑bedroom/2‑bath units.
Local 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 | $58.7k | $13.80 |
| − Vacancy | −$1.6k | −$0.38 |
| EGI | $57.1k | $13.42 |
| − OpEx | −$17.1k | −$4.03 |
| NOI | $40.0k | $9.39 |
4,256 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$571.2K
$499.8K – $666.4K
NOI $39,982 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$510.4K
$446.6K – $595.5K
NOI $35,730 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.10M
$966.3K – $1.29M
NOI $77,303 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property built in 2022 in Edinburg, Texas.
Where is this quadplex located?
The property is located at 3303 Aurora Lane Edinburg, TX.
What is the asking price?
The asking price for this property is $508,000.
What are key features of this property?
This property features: Fourplex built in 2021/2022 offering immediate rental income.; Located in the desirable Tulipan Villas subdivision on a corner lot.; Features a mix of two 3‑bedroom/2‑bath and two 2‑bedroom/2‑bath units.
