Edinburg Triplex Investment
For Sale
$231,950
3417 N Kenyon Rd, Edinburg, TX 78542
Triplex near Monte Cristo Golf and Country Club. Leased units.
Property Size2,450 SF
Price / SF$94.67
Days on Market219
Property Features for 3417 N Kenyon Rd
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Multi-Family
Building Details
Year Built
1985
Listing Agency:
Keller Williams Realty RGV
Listed By:
Dendea L. Balli · License #TREC#0598310
(956) 566-8377
Source:
Aregtx
Added: Mar 11
Changed: Oct 13
Last Checked: Oct 7 at 5:42PM
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 Keller Williams Realty RGV
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Investment Insights
Based on property information with market context.
Located in Edinburg, Texas, this triplex represents an investment opportunity. The property is situated near the Monte Cristo Golf and Country Club and offers convenient access to Expressway 281. Each of the three units features one bedroom, one bathroom, an open kitchen, and a laundry room. Tile flooring is present throughout each unit, and a refrigerator and stove are included. The property includes a covered and fenced patio area. Drive-up parking is available. All units are currently leased, providing immediate income. Shade trees provide coverage for the outside areas. The roof was replaced in 2022, and two new air conditioning units have been installed. This property is an income-producing opportunity.
Key Highlights
- Income‑producing property with all units currently leased.
- Located next to Monte Cristo Golf and Country Club and minutes from Expressway 281.
- Each unit includes 1 bedroom, 1 bathroom, open kitchen, laundry room, refrigerator, and stove.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,568
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,360
$411.4K
Cap Rate 7%
$293,829
$293.8K
Cap Rate 9%
$228,533
$228.5K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$38.5K $15.72/SF
− Vacancy
−$1.1K −$0.46/SF
EGI
$37.4K $15.26/SF
− OpEx
−$16.8K −$6.87/SF
NOI
$20.6K $8.40/SF
Area
Edinburg, TX
Vacancy
2.90%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,360
Cap Rate 7%
$293,829
Cap Rate 9%
$228,533
Alternative Uses
Best Use
Multifamily LT 5
$328.8K
$287.7K – $383.6K
NOI $23,016 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$293.8K
$257.1K – $342.8K
NOI $20,568 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$635.7K
$556.3K – $741.7K
NOI $44,500 @ 7.0% cap · market cap 19.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex near Monte Cristo Golf and Country Club. Leased units.
Where is this triplex located?
The property is located at 3417 N Kenyon Rd Edinburg, TX.
What is the asking price?
The asking price for this property is $231,950.
What are key features of this property?
This property features: Income‑producing property with all units currently leased.; Located next to Monte Cristo Golf and Country Club and minutes from Expressway 281.; Each unit includes 1 bedroom, 1 bathroom, open kitchen, laundry room, refrigerator, and stove.
