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 Market172
Property Features for 3415 N Kenyon Road
General Information
Property type
Residential Multi Family
Property subtype
Other
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
Central Air, Electric
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: Sep 14
Last Checked: Sep 16 at 8:06AM
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.
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 = 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
$23,016
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
6.81%
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%
$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
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
$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 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%
$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.
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
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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
