Fully Rented Multifamily
For Sale
$364,900
418 Lotto Ln, Edinburg, TX 78541
2014-built multifamily asset near UTRGV, restaurants, shopping centers, and Hidalgo County Courthouse.
Property Size3,296 SF
Price / SF$110.71
Days on Market52
Property Features for 418 Lotto Ln
General Information
Standard status
Active
Size
3,296 SF
Property subtype
Multi-Family
Occupancy
100%
Building Details
Year Built
2014
Listing Agency:
RE/MAX Platinum
Listed By:
Ana (Anita) Maria Moon · License #620564
(956) 330-5287
Source:
Aregtx
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 7 at 5:33PM
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 Platinum
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 418 Lotto Ln in Edinburg contains 3296 square feet and was built in 2014. The asset is fully rented, providing an existing income-producing profile for a multifamily buyer.
The property is located near UTRGV, major restaurants, shopping centers, and Hidalgo County Courthouse. Its Edinburg setting combines established residential use with proximity to area institutions, retail, and dining destinations.
The property is located near UTRGV, major restaurants, shopping centers, and Hidalgo County Courthouse. Its Edinburg setting combines established residential use with proximity to area institutions, retail, and dining destinations.
Key Highlights
- Fully rented multifamily property
- 3296 square feet of property size
- Built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,671
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,420
$553.4K
Cap Rate 7%
$395,300
$395.3K
Cap Rate 9%
$307,456
$307.5K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$51.8K $15.72/SF
− Vacancy
−$1.5K −$0.46/SF
EGI
$50.3K $15.26/SF
− OpEx
−$22.6K −$6.87/SF
NOI
$27.7K $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%
$553,420
Cap Rate 7%
$395,300
Cap Rate 9%
$307,456
Alternative Uses
Best Use
Apartment 5plus
$395.3K
$345.9K – $461.2K
NOI $27,671 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$855.2K
$748.3K – $997.8K
NOI $59,866 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 78541, TX
48,513
Population
17,669
Households
2.7
Avg Household Size
28
Median Age
25%
College-Educated
77%
High-School Grad
290.2 sq mi
ZIP Area
167
Density / Sq Mi
$50,567
Median Household Income
$30,752
Median Earnings
$945
Median Rent
$142,600
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?
Multifamily property - 2014-built multifamily asset near UTRGV, restaurants, shopping centers, and Hidalgo County Courthouse.
Where is this multifamily property located?
The property is located at 418 Lotto Ln Edinburg, TX.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Fully rented multifamily property; 3296 square feet of property size; Built in 2014
