Quadplex with Patio and
New
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 Market4
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 5 at 4:06PM
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.
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 For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.8k | $13.80 |
| − Vacancy | −$1.7k | −$0.38 |
| EGI | $60.1k | $13.42 |
| − OpEx | −$18.0k | −$4.03 |
| NOI | $42.1k | $9.39 |
4,480 SF · lease $13.80/SF/yr · vacancy 2.75% · expense 30.00%
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
20
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
