Brick Triplex with Covered
For Sale
$231,950
3417 N Kenyon Road, Edinburg, TX 78542
Residential Income, Edinburg, TX
Property Size2,450 SF
Lot Size0.22 Acres
Price / SF$94.67
Days on Market101
Property Features for 3417 N Kenyon Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Other
Patio and Porch features
Patio
Exterior features
Mature Trees
Fencing
Privacy
Appliances
Electric Water Heater, Water Heater (Other Location), Refrigerator, Stove/Range-Electric Smooth
Subdivision
Monte Cristo Inn & Cc
Lot features
Corner Lot, Mature Trees, Sidewalks
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
From N. Expressway 281 Exit on Monte Cristo Rd and head East, Right on Kenyon Rd
Standard status
Active
APN
M59000000R004801
Size
2,450 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
6634
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
laundry room
covered and fenced patio area
Building Details
Year built
1985
Floors in Building
1
Number of units
3
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Dendea L. Balli · License #TREC#0598310
(956) 342-3700
Added: Jul 7
Changed: Oct 14
Last Checked: Oct 15 at 8:06PM
MLS# 484101
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.
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Investment Insights
Based on property information with market context.
This 2,450-square-foot brick triplex contains three one-bedroom, one-bath units. Each residence includes an open kitchen, laundry room, tile flooring, refrigerator, and electric stove/range. The property also has a covered, privacy-fenced patio area, mature trees, drive-up parking, public water, a shingle roof, central air, and electric heating. The roof was replaced in 2022, and two new air-conditioning systems were installed inside and outside.
Built in 1985 on 0.22 acres, the property is located in Edinburg near Monte Cristo Golf and Country Club and minutes from Expressway 281. All three units are currently leased, providing an in-place residential income configuration for an owner or investor.
Built in 1985 on 0.22 acres, the property is located in Edinburg near Monte Cristo Golf and Country Club and minutes from Expressway 281. All three units are currently leased, providing an in-place residential income configuration for an owner or investor.
Key Highlights
- Three‑unit property totaling 2450 Square Feet
- Each unit has 1 bedroom and 1 bathroom
- All units are currently leased
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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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
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 - Leased one-bedroom units offer tile flooring, laundry rooms, and kitchen appliances in a low-maintenance residential income property.
Where is this triplex located?
The property is located at 3417 N Kenyon Road 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: Three‑unit property totaling 2450 Square Feet; Each unit has 1 bedroom and 1 bathroom; All units are currently leased
