Fourplex with In-Unit
For Sale
$435,000
3100 W Kenwood Street, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size3,016 SF
Lot Size0.29 Acres
Price / SF$144.23
Days on Market8
Property Features for 3100 W Kenwood Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
6
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
B.L. Garza
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
WOODLANDS ESTATES LOT 71
Size
3,016 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1
HOA Fee
$600 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
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Key Realty
(956) 627-7552
Listed By:
Preshina Samtani · License #617748
(956) 460-7763
Added: Sep 11
Changed: Sep 14
Last Checked: Sep 18 at 7:06AM
MLS# 514329
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.
Investment Insights
Based on property information with market context.
Built in 2023, this four-unit residential income property contains 3016 square feet on a 0.2904-acre lot. Each residence includes tile flooring, granite countertops, a stove, refrigerator, microwave, washer, and dryer. Central electric heating and cooling support year-round climate control, while stucco construction, a shingle roof, privacy fencing, and a patio add to the physical improvements. A sprinkler system and public water service are also included.
The property is located on W Kenwood Street in Edinburg, near McColl Rd and Schunior. The Schunior Hike & Bike Trail, UTRGV, parks, shopping, dining, schools, and daily conveniences are identified in the surrounding area. The fourplex configuration and existing appliance packages provide a defined residential rental layout.
The property is located on W Kenwood Street in Edinburg, near McColl Rd and Schunior. The Schunior Hike & Bike Trail, UTRGV, parks, shopping, dining, schools, and daily conveniences are identified in the surrounding area. The fourplex configuration and existing appliance packages provide a defined residential rental layout.
Key Highlights
- Fourplex totaling 3016 square feet
- Built in 2023 on 0.2904 acres
- Each unit includes tile flooring and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,333
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,660
$566.7K
Cap Rate 7%
$404,757
$404.8K
Cap Rate 9%
$314,811
$314.8K
Market Conditions
NOI Build-Up for 3,016 SF
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.
Gross rent
$41.6K $13.80/SF
− Vacancy
−$1.1K −$0.38/SF
EGI
$40.5K $13.42/SF
− OpEx
−$12.1K −$4.03/SF
NOI
$28.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,660
Cap Rate 7%
$404,757
Cap Rate 9%
$314,811
Alternative Uses
Best Use
Multifamily LT 5
$404.8K
$354.2K – $472.2K
NOI $28,333 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$361.7K
$316.5K – $422.0K
NOI $25,320 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$782.6K
$684.8K – $913.0K
NOI $54,780 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer tile flooring, granite countertops, and complete appliance packages including in-unit laundry.
Where is this quadplex located?
The property is located at 3100 W Kenwood Street Edinburg, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Fourplex totaling 3016 square feet; Built in 2023 on 0.2904 acres; Each unit includes tile flooring and granite countertops
