Brick Quadplex Near
New
For Sale
$364,900
418 Lotto Lane, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size3,296 SF
Lot Size0.21 Acres
Price / SF$110.71
Days on Market4
Property Features for 418 Lotto Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
None
Appliances
Electric Water Heater
Subdivision
Torres Del Sol
Lot features
Sidewalks
Elementary school
Austin
Middle school
Harwell
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
From University Dr/Hwy 107 head north on Closner Blvd/Business 281, turn left onto Chavez St, turn right onto Lotto Ln. Drive along Lotto Ln and property will be on your right hand side.
Standard status
Active
APN
T607501000001800
Size
3,296 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10167
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2014
Floors in Building
1
Number of units
4
Building materials
Brick, Stone
Roof type
Shingle
Listing Agency:
RE/MAX Platinum · RE/MAX International
(956) 668-8555
Listed By:
Ana (Anita) Maria Moon
(956) 330-5287
Added: Sep 9
Last Checked: Sep 12 at 10:06PM
MLS# 514338
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.
Built in 2014, this quadplex contains 3,296 square feet on a 0.2122-acre lot in Edinburg. The property is fully rented and configured as a residential income asset, with brick and stone exterior materials, shingle roofing, central heating, and central air conditioning. Electric water heating and public water service are also in place.
The property is located near The University of Texas Rio Grande Valley, restaurants, shopping centers, and the Hidalgo County Courthouse. It is situated at 418 Lotto Lane in the 78541 postal area. No parking is identified in the property information.
The property is located near The University of Texas Rio Grande Valley, restaurants, shopping centers, and the Hidalgo County Courthouse. It is situated at 418 Lotto Lane in the 78541 postal area. No parking is identified in the property information.
Key Highlights
- Quadplex with 3,296 square feet of building area
- Built in 2014 on a 0.2122‑acre lot
- Fully rented residential income property
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
$30,964
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
8.49%
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%
$619,280
$619.3K
Cap Rate 7%
$442,343
$442.3K
Cap Rate 9%
$344,044
$344.0K
Market Conditions
NOI Build-Up for 3,296 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
$45.5K $13.80/SF
− Vacancy
−$1.3K −$0.38/SF
EGI
$44.2K $13.42/SF
− OpEx
−$13.3K −$4.03/SF
NOI
$31.0K $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%
$619,280
Cap Rate 7%
$442,343
Cap Rate 9%
$344,044
Alternative Uses
Best Use
Multifamily LT 5
$442.3K
$387.1K – $516.1K
NOI $30,964 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$395.3K
$345.9K – $461.2K
NOI $27,671 @ 7.0% cap · market cap 7.58%
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.
Property Analytics
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Current Use
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased four-unit property with central HVAC, brick and stone construction, and public water service.
Where is this quadplex located?
The property is located at 418 Lotto Lane 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: Quadplex with 3,296 square feet of building area; Built in 2014 on a 0.2122‑acre lot; Fully rented residential income property
