Quadplex with Patio and
For Sale
$500,000
3412 S Colt Lane, Edinburg, TX 78539
MULTI_FAMILY - Edinburg, TX
Property Size4,480 SF
Lot Size0.30 Acres
Price / SF$111.61
Days on Market29
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
Last Checked: Aug 30 at 6:06AM
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.
This quadplex on a 0.3016-acre lot was built in 2023 and is equipped with central heating and central air. Exterior finishes include stucco, with a shingle roof, and the property also features a sprinkler system. Each unit comes with an electric water heater and electric cooking appliances, including a smooth electric cooktop, microwave, convection oven, refrigerator, and stove/range, plus washer and dryer.
The property has a patio and garage parking and is located by a gated entrance with connectivity to Wisconsin Rd. The surrounding area is described as being in the heart of Edinburg, with UTRGV and DHR within about 10–15 minutes, along with main retailers.
All units are occupied with no vacancies. No showings are allowed until an offer has been accepted, and tenants should not be disturbed.
The property has a patio and garage parking and is located by a gated entrance with connectivity to Wisconsin Rd. The surrounding area is described as being in the heart of Edinburg, with UTRGV and DHR within about 10–15 minutes, along with main retailers.
All units are occupied with no vacancies. No showings are allowed until an offer has been accepted, and tenants should not be disturbed.
Key Highlights
- 0.3016‑acre lot with quadplex improvements
- Built in 2023 with stucco exterior and shingle roof
- Central heating and central air
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
$42,087
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
8.42%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey quadplex with patio, garage parking, and all units occupied with no vacancies.
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: 0.3016‑acre lot with quadplex improvements; Built in 2023 with stucco exterior and shingle roof; Central heating and central air
