Edinburg Fourplex: Income
1416 LeAnn Rimes Edinburg, TX 78542
1416 LeAnn Rimes, Edinburg, TX, 78542
$410,000
For Sale
$410,000
MULTI_FAMILY - Edinburg, TX
Property Size3,552 SF
Lot Size0.29 Acres
Price / SF$115.43
Days on Market21
Property Features for 1416 LeAnn Rimes
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Fencing
- Privacy
- Appliances
- Electric Water Heater, Dishwasher, Dryer, Refrigerator, Stove/Range, Washer
- 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
- Central, Electric (Heating)
- 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
5111 N Mccoll Road, McAllen, TX
Listed by
Eugenia Morales
(956) 802-3375
Added: Jun 29 Checked: Jul 19 at 12:06 am
MLS# 474905
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 3552-SF brick fourplex in Edinburg presents a great investment opportunity. The property features two units with 3 beds/2 baths and two units with 2 beds/2 baths. Each unit includes a living room, dining room, and a master suite with a separate shower. Tile floors are installed throughout. The kitchens are updated with granite countertops, a microwave, refrigerator, and electric range. Each unit also has its own washer and dryer. A large carport in the back provides two parking spaces per unit. Each unit has its own electric meter, and there is a shared water meter for the property. All units are currently rented out. The property is located on a 0.2852-acre lot.
Key Highlights
- 3552‑SF brick four‑plex in Edinburg built in 2015
- Unit mix: two 3 bed/2 bath units and two 2 bed/2 bath units
- Each unit includes a living room, dining room, and master suite with separate shower
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 | $49.0k | $13.80 |
| − Vacancy | −$1.3k | −$0.38 |
| EGI | $47.7k | $13.42 |
| − OpEx | −$14.3k | −$4.03 |
| NOI | $33.4k | $9.39 |
3,552 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - 3552-SF fourplex in Edinburg, TX. All units currently rented.
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: 3552‑SF brick four‑plex in Edinburg built in 2015; Unit mix: two 3 bed/2 bath units and two 2 bed/2 bath units; Each unit includes a living room, dining room, and master suite with separate shower
