Fourplex with Carport and
3401 S Colt Lane Edinburg, TX 78539
For Sale
$530,000
MULTI_FAMILY - Edinburg, TX
Property Size4,320 SF
Lot Size0.23 Acres
Price / SF$122.69
Days on Market47
Property Features for 3401 S Colt Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Parking
- 8
- Patio and Porch features
- Patio
- Exterior features
- Mature Trees, Sprinkler System
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Microwave, Refrigerator, Stove/Range
- Standard status
- Active
- APN
- N115000000001700
- Size
- 4,320 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12742
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stone, Stucco
- Roof type
- Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Mario E. Baez · License #616428
(956) 827-0170
Added: Jun 9
Changed: Jul 23
Last Checked: Jul 25 at 6:06AM
MLS# 502223
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 in Edinburg, Texas provides four income-producing residential units configured as two 2-bedroom, 2-bath homes and two 3-bedroom, 2-bath homes. Each unit features an open-concept layout with a living room space, an ample kitchen, quartz countertops, ceramic tile flooring, and modern fixtures. Bedrooms are described as spacious, and the property includes carport spaces, private fencing, and landscaped grounds.
The property is located at 3401 S Colt Lane, near UTRGV, shopping, restaurants, and a hospital.
With a total building size of 4,320 square feet on a 0.2342-acre lot, this fourplex offers a straightforward, owner-friendly setup for buyers seeking a small multifamily asset in Edinburg.
The property is located at 3401 S Colt Lane, near UTRGV, shopping, restaurants, and a hospital.
With a total building size of 4,320 square feet on a 0.2342-acre lot, this fourplex offers a straightforward, owner-friendly setup for buyers seeking a small multifamily asset in Edinburg.
Key Highlights
- Income‑generating fourplex: Ideal
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 | $59.6k | $13.80 |
| − Vacancy | −$1.6k | −$0.38 |
| EGI | $58.0k | $13.42 |
| − OpEx | −$17.4k | −$4.03 |
| NOI | $40.6k | $9.39 |
4,320 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.8K
$507.3K – $676.4K
NOI $40,584 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$518.1K
$453.4K – $604.5K
NOI $36,268 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$1.12M
$980.8K – $1.31M
NOI $78,465 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fourplex in Edinburg offering two 2-bed units and two 3-bed units, each with 2 baths, plus carport parking.
Where is this quadplex located?
The property is located at 3401 S Colt Lane Edinburg, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Income‑generating fourplex: Ideal
