4-Unit Quadplex with Mature
For Sale
Contact for pricing
2305 Kimberly Lane, Edinburg, TX 78541
Fully occupied residential income property near UTRGV, shopping, dining, and major roadways.
Property Size3,640 SF
Price / SF$123.63
Days on Market161
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Property Features for 2305 Kimberly Lane
General Information
Standard status
Active
Size
3,640 SF
Total Parking Spaces
8
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1998
Buildings
1
Units
4
Listing Agency:
WINNERS CIRCLE
Listed By:
Candice Clayton
(956) 888-0052
Source:
Crexi
Added: May 8
Changed: Oct 2
Last Checked: Oct 14 at 11:05PM
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 WINNERS CIRCLE
Investment Insights
Based on property information with market context.
This four-unit residential income property was built in 1998 and contains 3,640 square feet. The quadplex is fully occupied and maintained as a rental asset, with mature trees providing shade across the exterior. Its configuration offers four individual residential units within one investment property.
Located at 2305 Kimberly Lane in Edinburg, the property is near UTRGV, shopping centers, restaurants, and major roadways. The surrounding access and nearby university support provide convenient context for an established rental property.
Located at 2305 Kimberly Lane in Edinburg, the property is near UTRGV, shopping centers, restaurants, and major roadways. The surrounding access and nearby university support provide convenient context for an established rental property.
Key Highlights
- Four‑unit quadplex at 2305 Kimberly Lane, Edinburg, TX 78541
- 3,640 square feet across the property
- Built in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,195
Cap Rate
7.60%
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 7.60%
Second Best
Apartment 5plus
$436.6K
$382.0K – $509.3K
NOI $30,559 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$944.5K
$826.4K – $1.10M
NOI $66,114 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
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Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property near UTRGV, shopping, dining, and major roadways.
Where is this quadplex located?
The property is located at 2305 Kimberly Lane Edinburg, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four‑unit quadplex at 2305 Kimberly Lane, Edinburg, TX 78541; 3,640 square feet across the property; Built in 1998
