Brick Triplex with Updated
For Sale
$338,000
3415 N Kenyon Road, Edinburg, TX 78542
Residential Income, Edinburg, TX
Property Size2,450 SF
Lot Size0.22 Acres
Price / SF$137.96
Days on Market201
Property Features for 3415 N Kenyon Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Garage
Patio and Porch features
Patio
Exterior features
Mature Trees
Fencing
Privacy
Appliances
Electric Water Heater, Water Heater (Laundry Room), Water Heater (Other Location), Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Monte Cristo Inn & Cc
Lot features
Mature Trees
Elementary school
Eisenhower
Middle school
Memorial
High school
Economedes H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Fast Route -N Expressway 281/N Frontage Road and East Monte Cristo Road, pass Doolittle Road and continue to Kenyon Road turn South the Units will be onto your West side.
Standard status
Active
APN
M59000000R004802
Size
2,450 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5187
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
central air
laundry room
Building Details
Year built
1981
Floors in Building
1
Number of units
3
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX elite · RE/MAX International
(956) 583-2100
Listed By:
Gladys I Ramos · License #548758
(956) 929-1473
Added: Mar 29
Changed: Oct 8
Last Checked: Oct 15 at 11:06PM
MLS# 500023
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,450-square-foot brick triplex, built in 1981, includes three units measuring 816 square feet each. Interior features include open-concept layouts, tile flooring, central air, laundry rooms, and electric water heating. Recent property improvements include new central air units, a new composition-shingle roof, and a new water heater. Each unit has two parking spaces, with garage parking and a patio also included. Appliances consist of a washer, dryer, refrigerator, and stove/range.
The property occupies 0.22 acres at 3415 N Kenyon Road in Edinburg, Texas. It sits directly beside Monte Cristo Golf Community & Country Club and includes mature trees and privacy fencing. The combination of three residential units, refreshed major components, and separately usable living spaces provides a clear multifamily configuration.
The property occupies 0.22 acres at 3415 N Kenyon Road in Edinburg, Texas. It sits directly beside Monte Cristo Golf Community & Country Club and includes mature trees and privacy fencing. The combination of three residential units, refreshed major components, and separately usable living spaces provides a clear multifamily configuration.
Key Highlights
- Three‑unit property with 2,450 SF of total building area
- Each unit measures 816 SF and includes an open‑concept layout
- New composition‑shingle roof, central air units, and water heater
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer open-concept interiors, tile flooring, laundry access, and central air.
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 2,450 SF of total building area; Each unit measures 816 SF and includes an open‑concept layout; New composition‑shingle roof, central air units, and water heater
