Six-Unit Apartment
New
For Sale
$615,000
2911 W Kenwood Street, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size4,412 SF
Lot Size0.29 Acres
Price / SF$139.39
Days on Market5
Property Features for 2911 W Kenwood Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Other
Patio and Porch features
Patio
Exterior features
Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
Subdivision
Woodlands Estates
Lot features
Curb & Gutters, Sidewalks
Elementary school
Cavazos
Middle school
Longoria
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Heading north on McColl Rd. Pass Schunior Rd.
Standard status
Active
APN
W7895000000065500
Size
4,412 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9300
HOA Fee
$900 Annually
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
6
Building materials
Stucco
Roof type
Shingle
Buildings
1
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Preshina Samtani · License #617748
(956) 460-7763
Added: Oct 28
Last Checked: Nov 1 at 3:06AM
MLS# 518327
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.
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Investment Insights
Based on property information with market context.
Built in 2023, this six-unit apartment property contains 4,412 square feet on a 0.2875-acre parcel. Stucco construction and a shingle roof are complemented by central electric heating and central air conditioning. Each residence has granite countertops and tile flooring, along with a stove, refrigerator, microwave, washer, and dryer.
The property is located in Edinburg, near McColl Road and Schunior. Site features include a patio, privacy fencing, and a sprinkler system. Public water serves the property.
The property is located in Edinburg, near McColl Road and Schunior. Site features include a patio, privacy fencing, and a sprinkler system. Public water serves the property.
Key Highlights
- Six apartment units in a 4,412‑square‑foot property
- Built in 2023 on a 0.2875‑acre parcel
- Granite countertops and tile flooring in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,040
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,800
$740.8K
Cap Rate 7%
$529,143
$529.1K
Cap Rate 9%
$411,556
$411.6K
Market Conditions
NOI Build-Up for 4,412 SF
Gross rent
$69.4K $15.72/SF
− Vacancy
−$2.0K −$0.46/SF
EGI
$67.3K $15.26/SF
− OpEx
−$30.3K −$6.87/SF
NOI
$37.0K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,800
Cap Rate 7%
$529,143
Cap Rate 9%
$411,556
Alternative Uses
Best Use
Apartment 5plus
$529.1K
$463.0K – $617.3K
NOI $37,040 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M
NOI $80,136 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
191
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?
Apartment building - Each residence includes a full appliance package, granite countertops, and tile flooring.
Where is this apartment building located?
The property is located at 2911 W Kenwood Street Edinburg, TX.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Six apartment units in a 4,412‑square‑foot property; Built in 2023 on a 0.2875‑acre parcel; Granite countertops and tile flooring in each unit
