Brick Fourplex with
For Sale
$410,000
1416 LeAnn Rimes, Edinburg, TX 78542
Residential Income, Edinburg, TX
Property Size3,552 SF
Lot Size0.29 Acres
Price / SF$115.43
Days on Market112
Property Features for 1416 LeAnn Rimes
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Garage
Fencing
Privacy
Appliances
Electric Water Heater, Dishwasher, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Stonny Brook Ph 2
Lot features
Curb & Gutters, Sidewalks
Elementary school
Escandon
Middle school
Lincoln
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From Expressway 281 head east on Trenton. Turn left onto Veterans. Turn right onto Leann Rimes. The property will be on the right.
Standard status
Active
APN
S645601000009A00
Size
3,552 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10340
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2015
Floors in Building
1
Number of units
4
Building materials
Brick, Stone
Roof type
Shingle
Listing Agency:
Equity Assets Realty
(956) 369-0899
Listed By:
Eugenia Morales · License #801066604
(956) 802-3375
Added: Jun 29
Changed: Oct 8
Last Checked: Oct 18 at 10:06AM
MLS# 474905
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.
Built in 2015, this 3,552-square-foot brick fourplex contains four residential units. Two apartments offer three bedrooms and two baths, while the other two provide two bedrooms and two baths. Each unit includes a living room, dining area, primary suite with a separate shower, tile flooring, and an updated kitchen with granite countertops, microwave, refrigerator, electric range, washer, and dryer. Central electric heating and cooling serve the property, which also features a shingle roof, privacy fencing, and public water.
All four units are currently rented. Rear parking provides two spaces per unit. Each apartment has a separate electric meter, while water is shared. The property occupies 0.2852 acres at 1416 LeAnn Rimes in Edinburg, Texas, 78542.
All four units are currently rented. Rear parking provides two spaces per unit. Each apartment has a separate electric meter, while water is shared. The property occupies 0.2852 acres at 1416 LeAnn Rimes in Edinburg, Texas, 78542.
Key Highlights
- 3,552‑square‑foot brick fourplex built in 2015
- Two 3‑bed/2‑bath units and two 2‑bed/2‑bath units
- All units currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,369
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,380
$667.4K
Cap Rate 7%
$476,700
$476.7K
Cap Rate 9%
$370,767
$370.8K
Market Conditions
NOI Build-Up for 3,552 SF
Gross rent
$49.0K $13.80/SF
− Vacancy
−$1.3K −$0.38/SF
EGI
$47.7K $13.42/SF
− OpEx
−$14.3K −$4.03/SF
NOI
$33.4K $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%
$667,380
Cap Rate 7%
$476,700
Cap Rate 9%
$370,767
Alternative Uses
Best Use
Multifamily LT 5
$476.7K
$417.1K – $556.2K
NOI $33,369 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$426.0K
$372.8K – $497.0K
NOI $29,820 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$921.7K
$806.5K – $1.08M
NOI $64,516 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 78542, TX
84,678
Population
25,198
Households
3.4
Avg Household Size
28
Median Age
13%
College-Educated
64%
High-School Grad
176.0 sq mi
ZIP Area
481
Density / Sq Mi
$52,962
Median Household Income
$30,377
Median Earnings
$876
Median Rent
$123,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased fourplex with updated kitchens, private utility metering, and a two-bedroom/two-bath and three-bedroom/two-bath unit mix.
Where is this quadplex located?
The property is located at 1416 LeAnn Rimes Edinburg, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 3,552‑square‑foot brick fourplex built in 2015; Two 3‑bed/2‑bath units and two 2‑bed/2‑bath units; All units currently rented
