2022-Built Fourplex with
For Sale
$530,000
3401 S Colt Lane, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size4,320 SF
Lot Size0.23 Acres
Price / SF$122.69
Days on Market132
Property Features for 3401 S Colt Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Patio and Porch features
Patio
Exterior features
Mature Trees, Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Microwave, Refrigerator, Stove/Range
Subdivision
New Castle
Lot features
Curb & Gutters, Professional Landscaping, Sidewalks, Sprinkler System
Elementary school
Canterbury
Middle school
South Middle School
High school
Vela H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From Trenton and McColl go North on McColl then East on Wisconsin, and turn left on Colt street property will be on your left side.
Standard status
Active
APN
N115000000001700
Size
4,320 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12742
HOA Fee
$775 Annually
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
privately fenced
landscaping
Building Details
Year built
2022
Floors in Building
1
Number of units
4
Building materials
Stone, Stucco
Roof type
Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Mario E. Baez
(956) 827-0170
Added: Jun 9
Changed: Oct 14
Last Checked: Oct 18 at 9:06PM
MLS# 502223
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 2022, this 4,320-square-foot quadplex contains two two-bedroom, two-bath units and two three-bedroom, two-bath units. Interior features include open living areas, kitchens with quartz countertops, ceramic tile flooring, modern fixtures, and spacious bedrooms. Each residence is supported by central electric heating and cooling, with appliances including a microwave, refrigerator, stove/range, and electric water heater.
The 0.2342-acre property includes carport spaces, a privacy fence, a patio, mature trees, sprinkler irrigation, and a composition roof. Located in Edinburg near UTRGV, shopping, restaurants, and a hospital, the property also has public water service and stone and stucco construction.
The 0.2342-acre property includes carport spaces, a privacy fence, a patio, mature trees, sprinkler irrigation, and a composition roof. Located in Edinburg near UTRGV, shopping, restaurants, and a hospital, the property also has public water service and stone and stucco construction.
Key Highlights
- Four‑unit layout with two 2‑bedroom/2‑bath units and two 3‑bedroom/2‑bath units
- 4,320 SF building on a 0.2342‑acre lot
- Built in 2022 with stone and stucco construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,584
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,680
$811.7K
Cap Rate 7%
$579,771
$579.8K
Cap Rate 9%
$450,933
$450.9K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$59.6K $13.80/SF
− Vacancy
−$1.6K −$0.38/SF
EGI
$58.0K $13.42/SF
− OpEx
−$17.4K −$4.03/SF
NOI
$40.6K $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 Rate 5%
$811,680
Cap Rate 7%
$579,771
Cap Rate 9%
$450,933
Alternative Uses
Best Use
Multifamily LT 5
$579.8K
$507.3K – $676.4K
NOI $40,584 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$518.1K
$453.4K – $604.5K
NOI $36,268 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$1.12M
$980.8K – $1.31M
NOI $78,465 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
490
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with modern finishes, private fencing, landscaped grounds, and convenient access to UTRGV, shopping, dining, and a hospital.
Where is this quadplex located?
The property is located at 3401 S Colt Lane Edinburg, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Four‑unit layout with two 2‑bedroom/2‑bath units and two 3‑bedroom/2‑bath units; 4,320 SF building on a 0.2342‑acre lot; Built in 2022 with stone and stucco construction
