Quadplex with Garage
For Sale
$500,000
3412 S Colt Lane, Edinburg, TX 78539
Residential Income, Edinburg, TX
Property Size4,480 SF
Lot Size0.30 Acres
Price / SF$111.61
Days on Market74
Property Features for 3412 S Colt Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
7
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Sprinkler System
Appliances
Electric Water Heater, Smooth Electric Cooktop, Dryer, Microwave, Convection Oven, Refrigerator, Stove/Range, Washer
Subdivision
New Castle
Lot features
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
Google maps: https://maps.app.goo.gl/DjcGmmfHhNCWTeh48 Heading North on McColl Road, make a right turn onto Wisconsin Rd., make a left turn onto Colt Ln. and look for 3412 S. Colt.
Standard status
Active
APN
N11500000000130
Size
4,480 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12915
HOA Fee
$775 Annually
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2023
Floors in Building
1
Number of units
8
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Encore Fine Properties
(956) 821-6170
Listed By:
Berenice Mariel Gonzalez · License #TX-774202
(956) 578-6868
Added: Aug 2
Changed: Sep 30
Last Checked: Oct 14 at 5:06PM
MLS# 511355
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 4,480-square-foot quadplex contains four occupied residences on a 0.3016-acre parcel. The property features stucco construction, a shingle roof, central heating and cooling, garage parking, patios, and sprinkler service. Each residence is equipped with an electric water heater, smooth electric cooktop, convection oven, refrigerator, stove/range, microwave, washer, and dryer.
The property is located at 3412 S Colt Lane in Edinburg, Texas, near a gated entrance with access to Wisconsin Rd. UTRGV, DHR, and major retailers are reported within a 10-15-minute drive. Showings are restricted until an offer has been accepted, and tenants are not to be disturbed.
The property is located at 3412 S Colt Lane in Edinburg, Texas, near a gated entrance with access to Wisconsin Rd. UTRGV, DHR, and major retailers are reported within a 10-15-minute drive. Showings are restricted until an offer has been accepted, and tenants are not to be disturbed.
Key Highlights
- Four occupied residences in a quadplex configuration
- 4,480 square feet on a 0.3016‑acre parcel
- Built in 2023 with stucco construction and a shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,087
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,740
$841.7K
Cap Rate 7%
$601,243
$601.2K
Cap Rate 9%
$467,633
$467.6K
Market Conditions
NOI Build-Up for 4,480 SF
Gross rent
$61.8K $13.80/SF
− Vacancy
−$1.7K −$0.38/SF
EGI
$60.1K $13.42/SF
− OpEx
−$18.0K −$4.03/SF
NOI
$42.1K $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%
$841,740
Cap Rate 7%
$601,243
Cap Rate 9%
$467,633
Alternative Uses
Best Use
Multifamily LT 5
$601.2K
$526.1K – $701.5K
NOI $42,087 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$537.3K
$470.1K – $626.9K
NOI $37,611 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,371 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied quadplex with central HVAC, garage parking, patios, and furnished kitchens with major appliances.
Where is this quadplex located?
The property is located at 3412 S Colt Lane Edinburg, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four occupied residences in a quadplex configuration; 4,480 square feet on a 0.3016‑acre parcel; Built in 2023 with stucco construction and a shingle roof
