Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Edinburg Duplex Investment Opportunity Title is generated by Realmo AI

    3151 Regal Drive, Edinburg, TX 78539

    View on Map
    Claim this Listing
    New
    For Sale
    $245,000

    MULTI_FAMILY - Edinburg, TX

    Property size:
    1,976 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $123/SF
    Added:
    May 15, 2026
    Days on Market:
    4
    Last Refresh:
    May 18 at 2:06 am

    Property Features for 3151 Regal Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    2
    Parking features
    Garage
    Fencing
    Privacy
    Appliances
    Electric Water Heater, Dishwasher, Dryer, Stove/Range-Electric Coil
    Standard status
    Active
    APN
    T293500002002100
    Size
    1,976 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6228

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2007
    Floors in Building
    1
    Number of units
    2
    Building materials
    Stone
    Roof type
    Flat

    We can help!

    Listing Contact
    Maggie Harris
    Maggie Harris

    Listing agent Maggie Harris License #0530155

    Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX

    Listing date May 15, 2026

    MLS# 504603 Listing URL

    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.

    HighLights

    • Income‑producing duplex: Excellent investment potential.
    • Two units, each with 2 bedrooms and 2 bathrooms.
    • Convenient location: Close to shopping centers, grocery stores, restaurants, and hospitals.
    • Well‑maintained property built in 2007.
    • Features central electric heating and cooling.
    • Includes a garage and privacy fence.

    Overview

    This well-maintained duplex presents a fantastic investment opportunity. The income-producing property is conveniently located near shopping centers, grocery stores, restaurants, and hospitals. Each of the two spacious units features 2 bedrooms and 2 bathrooms. The property, situated on a lot of 0.1405 acres, offers 1976 square feet of space. Located in Edinburg, Texas, this duplex is a great addition to any investment portfolio or an ideal owner-occupant opportunity.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $206.3K
    NOI $18,563 @ 9.00% cap · cautious / downside scenario
    Moderate
    $265.2K
    NOI $18,563 @ 7.00% cap · market / base-case scenario
    Aggressive
    $371.3K
    NOI $18,563 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    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 Use Scenarios

    Best Use
    Multifamily LT 5
    $265.2K
    $232.0K – $309.4K (±1% cap)
    NOI $18,563 @ 7.0% cap · market cap 7.58%
    Second Best
    Apartment 5plus
    $237.0K
    $207.4K – $276.5K (±1% cap)
    NOI $16,589 @ 7.0% cap · market cap 6.77%
    Theoretical Best
    Office A
    $512.7K
    $448.6K – $598.2K (±1% cap)
    NOI $35,890 @ 7.0% cap · market cap 14.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edinburg
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2006682
    Latitude
    26.2881682

    Nearby Similar for Sale

    • $269,000
      3,100 SF

      Edinburg Commercial Property For Sale

      Freestanding building in high-traffic area, ideal for retail/office.
      520 E Cano Street, Edinburg, TX 78539
      View Details
    • $309,000
      4,320 SF

      Edinburg Fourplex Near UTRGV

      Four-unit property near UTRGV with modern amenities and updates.
      1410 Phoenix Street, Edinburg, TX 78541
      View Details
    • $2,700,500
      6,000 SF

      Edinburg Professional Office Space

      6,000 SF professional space in a prime medical corridor.
      2637 Cornerstone Boulevard, Edinburg, TX 78539
      View Details
    • $399,000
      3,944 SF

      Edinburg Fourplex Investment Opportunity

      Well-kept, fully leased fourplex near UTRGV with upside potential.
      613 La Mancha Drive, Edinburg, TX 78541
      View Details
    • $380,000
      3,660 SF

      Edinburg Fourplex Investment Opportunity

      Well-maintained, fully occupied fourplex near UTRGV with strong rental income.
      2100 Aruba Drive, Edinburg, TX 78541
      View Details
    • $1,320,000
      3,966 SF

      Edinburg Commercial Property For Sale

      Commercial property in Edinburg, ideal for professional or office use.
      506 W University Drive, Edinburg, TX 78539
      View Details
    • $420,000
      4,500 SF

      Five-Unit Apartment Building in Edinburg

      Fully occupied five-unit apartment building with immediate income potential.
      5102 W Schunior Street, Edinburg, TX 78541
      View Details
    • $445,000
      4,052 SF

      Edinburg Fourplex with No Shared Walls

      Fourplex in desirable location near DHR, restaurants, shopping, and groceries.
      2123 Western Drive, Edinburg, TX 78539
      View Details
    • $375,000
      3,920 SF

      Edinburg Fourplex: Investment Opportunity

      Centrally located fourplex in Edinburg, TX, near Expressway 83.
      1620 Norma Lane, Edinburg, TX 78539
      View Details
    • $355,000
      3,808 SF

      Well-Maintained Fourplex Near UTRGV

      Leased fourplex near UTRGV, restaurants, and shops.
      1206 Prosperity Drive, Edinburg, TX 78541
      View Details
    • $375,000
      3,808 SF

      Edinburg Fourplex Near UTRGV

      Fourplex near UTRGV with strong rental demand.
      1207 Prosperity Drive, Edinburg, TX 78541
      View Details
    • $460,000
      4,032 SF

      Edinburg Fourplex Investment Opportunity

      Fourplex in Edinburg near UTRGV, shopping, and restaurants.
      3702 W Zelma Street, Edinburg, TX 78541
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex near amenities, ideal for investors or owner-occupants.
    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 units, each with 2 bedrooms and 2 bathrooms.; Convenient location: Close to shopping centers, grocery stores, restaurants, and hospitals.
    (956) 821-9990
    We can help!
    Listing Contact
    Maggie Harris
    Maggie Harris
    Real Estate License ID: 0530155
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3151 Regal Drive, Edinburg, TX 78539
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!