Duplex With Privacy
For Sale
$245,000
3151 Regal Drive, Edinburg, TX 78539
MULTI_FAMILY - Edinburg, TX
Property Size1,976 SF
Lot Size0.14 Acres
Price / SF$123.99
Days on Market89
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
Subdivision
The Boardwalk
Lot features
Curb & Gutters, Sidewalks, Sprinkler System
Elementary school
Canterbury
Middle school
Longoria
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
In Edinburg, form Canton and McColl drive half a mile North on McColl and the gated Condo subdivision will be on your left hand side which is the West side of McColl.
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
HOA Fee
$217 Quarterly
Utilities
Heating system
Central, Electric (Heating)
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
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Maggie Harris · License #TREC#0530155
(956) 821-9990
Added: Jun 2
Changed: Aug 13
Last Checked: Aug 29 at 5:06PM
MLS# 504603
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.
This duplex offers two spacious units, with each unit featuring 2 bedrooms and 2 bathrooms. The property is well maintained and built with stone construction, a flat roof, and electric heating with central cooling. Appliances include an electric water heater, dishwasher, dryer, and electric stove/range. Each unit also benefits from garage parking and the property is secured with privacy fencing.
The duplex sits on a 0.1405-acre lot and includes a total of 1,976 square feet. Water service is provided by the public system, supporting everyday residential use.
Built in 2007, the property is configured as an income-producing duplex with two separate dwelling units, making it suitable for both investors and owner-occupants.
The duplex sits on a 0.1405-acre lot and includes a total of 1,976 square feet. Water service is provided by the public system, supporting everyday residential use.
Built in 2007, the property is configured as an income-producing duplex with two separate dwelling units, making it suitable for both investors and owner-occupants.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 bathrooms per unit
- 1,976 SF duplex on a 0.1405‑acre lot
- Built in 2007 with stone construction and a flat roof
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
$18,563
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
7.58%
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%
$371,260
$371.3K
Cap Rate 7%
$265,186
$265.2K
Cap Rate 9%
$206,256
$206.3K
Market Conditions
NOI Build-Up for 1,976 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
$27.3K $13.80/SF
− Vacancy
−$750 −$0.38/SF
EGI
$26.5K $13.42/SF
− OpEx
−$8.0K −$4.03/SF
NOI
$18.6K $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%
$371,260
Cap Rate 7%
$265,186
Cap Rate 9%
$206,256
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 78539, TX
37,686
Population
15,759
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
84%
High-School Grad
12.2 sq mi
ZIP Area
3,089
Density / Sq Mi
$64,864
Median Household Income
$38,413
Median Earnings
$1,034
Median Rent
$198,300
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?
Duplex - Well-maintained duplex with two units, each offering 2 bedrooms and 2 bathrooms, plus privacy fencing and a garage.
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: Two‑unit duplex with 2 bedrooms and 2 bathrooms per unit; 1,976 SF duplex on a 0.1405‑acre lot; Built in 2007 with stone construction and a flat roof
