Updated Triplex with Open
For Sale
Contact for pricing
3415 N Kenyon Road, Edinburg, TX 78542
Three residential units offer open interiors, tile finishes, central air, and dedicated parking.
Property Size2,450 SF
Price / SF$137.96
Days on Market205
Property Features for 3415 N Kenyon Road
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Multifamily
Units
Multifamily Units
3
Parking per Unit
2
Amenities
Open Concept
Tile Flooring
Central Air
Laundry room
Building Details
Year Built
1981
Buildings
1
Units
3
Listing Agency:
RE/MAX elite
Listed By:
Gladys Ramos · License #548758
(956) 330-3674
Source:
Crexi
Added: Mar 25
Changed: Oct 1
Last Checked: Oct 15 at 12:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX elite
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Investment Insights
Based on property information with market context.
This triplex contains three residential units, each measuring 816 square feet. The interiors feature open-concept layouts and tile flooring, while central air systems provide climate control. Each unit also includes a laundry room and two parking spaces. Recent property improvements include new central air units, a composition shingle roof, and a water heater.
The property is located at 3415 N Kenyon Road in Edinburg, Texas, beside Monte Cristo Golf Community & Country Club. Constructed in 1981, the asset combines a three-unit configuration with updated building components and practical resident amenities.
The property is located at 3415 N Kenyon Road in Edinburg, Texas, beside Monte Cristo Golf Community & Country Club. Constructed in 1981, the asset combines a three-unit configuration with updated building components and practical resident amenities.
Key Highlights
- Three‑unit property with 816‑square‑foot units
- New central air units, composition shingle roof, and water heater
- Open‑concept interiors with tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,016
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,320
$460.3K
Cap Rate 7%
$328,800
$328.8K
Cap Rate 9%
$255,733
$255.7K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$33.8K $13.80/SF
− Vacancy
−$930 −$0.38/SF
EGI
$32.9K $13.42/SF
− OpEx
−$9.9K −$4.03/SF
NOI
$23.0K $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%
$460,320
Cap Rate 7%
$328,800
Cap Rate 9%
$255,733
Alternative Uses
Best Use
Multifamily LT 5
$328.8K
$287.7K – $383.6K
NOI $23,016 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$293.8K
$257.1K – $342.8K
NOI $20,568 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$635.7K
$556.3K – $741.7K
NOI $44,500 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 78542, TX
84,678
Population
25,198
Households
3.4
Avg Household Size
28
Median Age
13%
College-Educated
64%
High-School Grad
176.0 sq mi
ZIP Area
481
Density / Sq Mi
$52,962
Median Household Income
$30,377
Median Earnings
$876
Median Rent
$123,500
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?
Triplex - Three residential units offer open interiors, tile finishes, central air, and dedicated parking.
Where is this triplex located?
The property is located at 3415 N Kenyon Road Edinburg, TX.
What is the asking price?
The asking price for this property is $338,000.
What are key features of this property?
This property features: Three‑unit property with 816‑square‑foot units; New central air units, composition shingle roof, and water heater; Open‑concept interiors with tile flooring
