Edinburg Duplex Near
3151 Regal Drive Edinburg, TX 78539
3151 Regal Drive, Edinburg, TX, 78539
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For Sale
Contact for pricing
Well-maintained duplex near shopping, dining, and hospitals.
Property Size1,976 SF
Price / SF$123.99
Days on Market63
Property Features for 3151 Regal Drive
General Information
- Standard status
- Active
- Size
- 1,976 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2007
Listing Agency
Keller Williams Realty RGV
Listed by
Maggie Harris · License #TREC # 0530155
Source
Crexi
Added: May 16 Checked: Jul 17 at 9:29 am
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This well-maintained duplex presents an investment opportunity. The property is conveniently located near shopping centers, grocery stores, restaurants, and hospitals. The income-producing property features two spacious units, each with 2 bedrooms and 2 bathrooms. The property size is 1976 square feet. It is located in Edinburg, Texas. This property could be a portfolio addition or an owner-occupant opportunity.
Key Highlights
- Income‑producing duplex: Excellent investment potential
- Two spacious units, each with 2 bedrooms and 2 bathrooms
- Well‑maintained property
Local 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 | $27.3k | $13.80 |
| − Vacancy | −$750 | −$0.38 |
| EGI | $26.5k | $13.42 |
| − OpEx | −$8.0k | −$4.03 |
| NOI | $18.6k | $9.39 |
1,976 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.2K
$232.0K – $309.4K
NOI $18,563 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$237.0K
$207.4K – $276.5K
NOI $16,589 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$512.7K
$448.6K – $598.2K
NOI $35,890 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex near shopping, dining, and hospitals.
Where is this duplex located?
The property is located at 3151 Regal Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Income‑producing duplex: Excellent investment potential; Two spacious units, each with 2 bedrooms and 2 bathrooms; Well‑maintained property
