4-Unit Multifamily
New
For Sale
$373,000
2206 Kimberly Lane, Edinburg, TX 78539
The fully leased property is near UTRGV and the Hidalgo County Courthouse.
Property Size3,640 SF
Price / SF$102.47
Days on Market1
Property Features for 2206 Kimberly Lane
General Information
Standard status
Active
Size
3,640 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Building Details
Year Built
1999
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 1:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SANETI REALTY GROUP
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 3,640 square feet and was built in 1999. All units are leased.
The property is in Edinburg, near UTRGV and the Hidalgo County Courthouse, with dining, shopping, and entertainment nearby.
The property is in Edinburg, near UTRGV and the Hidalgo County Courthouse, with dining, shopping, and entertainment nearby.
Key Highlights
- Fully leased four‑unit property
- 3,640 square feet of building area
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,195
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,900
$683.9K
Cap Rate 7%
$488,500
$488.5K
Cap Rate 9%
$379,944
$379.9K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$50.2K $13.80/SF
− Vacancy
−$1.4K −$0.38/SF
EGI
$48.9K $13.42/SF
− OpEx
−$14.7K −$4.03/SF
NOI
$34.2K $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%
$683,900
Cap Rate 7%
$488,500
Cap Rate 9%
$379,944
Alternative Uses
Best Use
Multifamily LT 5
$488.5K
$427.4K – $569.9K
NOI $34,195 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$436.6K
$382.0K – $509.3K
NOI $30,559 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$944.5K
$826.4K – $1.10M
NOI $66,114 @ 7.0% cap · market cap 17.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The fully leased property is near UTRGV and the Hidalgo County Courthouse.
Where is this quadplex located?
The property is located at 2206 Kimberly Lane Edinburg, TX.
What is the asking price?
The asking price for this property is $373,000.
What are key features of this property?
This property features: Fully leased four‑unit property; 3,640 square feet of building area; Built in 1999
