Fully Occupied 4-Plex
For Sale
$450,000
2307 Kimberly Ln, Edinburg, TX 78541
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 Market100
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
Listed By:
Candice Clayton
(956) 888-0052
Source:
Aregtx
Added: Jul 25
Changed: Oct 25
Last Checked: Nov 1 at 8:30AM
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
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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
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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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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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 - 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
