Fully Occupied 4-Plex
2307 Kimberly Ln Edinburg, TX 78541
New
For Sale
$450,000
Well-maintained four-plex currently fully occupied, with mature trees and convenient access to UTRGV and major roadways.
Property Size3,640 SF
Price / SF$123.63
Days on Market5
Property Features for 2307 Kimberly Ln
General Information
Standard status
Active
Size
3,640 SF
Property subtype
Multi-Family
Building Details
Year Built
1998
Listing Agency:
WINNERS CIRCLE
(956) 888-0052
Listed By:
Candice Clayton
Source:
Aregtx
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 8:59AM
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 well-maintained four-plex is currently fully occupied and presented as an income-producing residential income property. The exterior includes mature trees that provide shade and character throughout the property.
The property is located just minutes from UTRGV, with shopping centers, restaurants, and major roadways nearby. This convenience may support day-to-day tenant access and neighborhood demand.
For investors seeking a turnkey, occupied multifamily asset, this 4-plex offers a straightforward residential income configuration within a high-demand rental area, with the opportunity to evaluate the property firsthand by scheduling a showing.
The property is located just minutes from UTRGV, with shopping centers, restaurants, and major roadways nearby. This convenience may support day-to-day tenant access and neighborhood demand.
For investors seeking a turnkey, occupied multifamily asset, this 4-plex offers a straightforward residential income configuration within a high-demand rental area, with the opportunity to evaluate the property firsthand by scheduling a showing.
Key Highlights
- 1998‑built 4‑plex currently fully occupied
- Well‑maintained property with mature trees and established exterior landscaping
- Located just minutes from UTRGV with convenient access to major roadways
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 | $50.2k | $13.80 |
| − Vacancy | −$1.4k | −$0.38 |
| EGI | $48.9k | $13.42 |
| − OpEx | −$14.7k | −$4.03 |
| NOI | $34.2k | $9.39 |
3,640 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-plex currently fully occupied, with mature trees and convenient access to UTRGV and major roadways.
Where is this quadplex located?
The property is located at 2307 Kimberly Ln 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: 1998‑built 4‑plex currently fully occupied; Well‑maintained property with mature trees and established exterior landscaping; Located just minutes from UTRGV with convenient access to major roadways
