Edinburg Fourplex Investment
613 La Mancha Drive Edinburg, TX 78541
613 La Mancha Drive, Edinburg, TX, 78541
$399,000
For Sale
$399,000
MULTI_FAMILY - Edinburg, TX
Property Size3,944 SF
Lot Size0.26 Acres
Price / SF$101.17
Days on Market21
Property Features for 613 La Mancha Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Patio
- Exterior features
- Mature Trees, Sprinkler System
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
- Standard status
- Active
- APN
- L626901000002200
- Size
- 3,944 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8760
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
eXp Realty LLC
(888) 519-7431
9600 Great Hills Trail #150w, Austin, TX
Listed by
Mario E. Baez · License #616428
(956) 827-0170
Added: Jun 29 Checked: Jul 19 at 4:06 am
MLS# 481186
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 well-maintained, fully leased fourplex is located in North Edinburg, minutes from UTRGV and the main business corridor off University Drive. Situated in an established community with mature trees and historically high occupancy, this property offers immediate cash flow with potential for increased returns. Each spacious unit features all-tile flooring, front and back entrances, private patios, built-in desks, and a large kitchen with ample counter space. The property is located close to retail, dining, and major employers. The lot size is 0.2603 acres and the property size is 3944 square feet. Area rents run approximately $850-$950, presenting strong potential on renewal. Tenants are responsible for their own water and electricity, minimizing owner expenses to grass trimming, trash bin, and a common-area light meter. This low-expense, low-maintenance asset combines location, stability, and growth potential.
Key Highlights
- Fully leased fourplex at 613 La Mancha Dr in North Edinburg
- Year built 2004 with brick construction, composition roof, and central HVAC
- Each unit includes all‑tile flooring, private patios, and front/back entrances
Local Financial Insights For Apartment 5plus
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 | $62.0k | $15.72 |
| − Vacancy | −$1.8k | −$0.46 |
| EGI | $60.2k | $15.26 |
| − OpEx | −$27.1k | −$6.87 |
| NOI | $33.1k | $8.40 |
3,944 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.3K
$463.1K – $617.5K
NOI $37,051 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$473.0K
$413.9K – $551.9K
NOI $33,111 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.02M
$895.5K – $1.19M
NOI $71,636 @ 7.0% cap · market cap 17.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-kept, fully leased fourplex near UTRGV with upside potential.
Where is this quadplex located?
The property is located at 613 La Mancha Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Fully leased fourplex at 613 La Mancha Dr in North Edinburg; Year built 2004 with brick construction, composition roof, and central HVAC; Each unit includes all‑tile flooring, private patios, and front/back entrances
