Four-Unit Brick
For Sale
$399,000
613 La Mancha Drive, Edinburg, TX 78541
Residential Income, Edinburg, TX
Property Size3,944 SF
Lot Size0.26 Acres
Price / SF$101.17
Days on Market108
Property Features for 613 La Mancha Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
None
Patio and Porch features
Patio
Exterior features
Mature Trees, Sprinkler System
Fencing
Privacy
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Subdivision
Los Molinos
Lot features
Curb & Gutters, Mature Trees, Professional Landscaping, Sidewalks
Elementary school
De La Vina
Middle school
B.L. Gray Junior High
High school
Edinburg North H.S.
Elementary school district
Edinburg ISD
Middle school district
Edinburg ISD
High school district
Edinburg ISD
Directions
Drive North on McColl Rd, pass University Dr. 107 and turn to the right on W Schunior, then right on La Mancha.
Standard status
Active
APN
L626901000002200
Size
3,944 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8760
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Mario E. Baez · License #616428
(956) 827-0170
Added: Jun 29
Changed: Sep 23
Last Checked: Oct 14 at 3:06PM
MLS# 481186
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 2004 quadplex contains 3,944 square feet across four leased residential units on a 0.2603-acre parcel. Brick construction, composition roofing, central electric heating and cooling, privacy fencing, and a sprinkler system are among the property improvements. Each unit includes tile flooring, front and rear entrances, a private patio, built-in desk space, and a generously sized kitchen. Appliances include a refrigerator, stove/range, washer, dryer, and electric water heater.
Located at 613 La Mancha Drive in Edinburg, the property is near UTRGV, the business corridor along University Drive, retail, dining, and major employers. Public water serves the property. Tenants pay their own water and electricity, while shared property responsibilities include grass trimming, trash bins, and a common-area light meter.
Located at 613 La Mancha Drive in Edinburg, the property is near UTRGV, the business corridor along University Drive, retail, dining, and major employers. Public water serves the property. Tenants pay their own water and electricity, while shared property responsibilities include grass trimming, trash bins, and a common-area light meter.
Key Highlights
- Four fully leased units totaling 3,944 square feet
- 0.2603‑acre parcel in North Edinburg
- Built in 2004 with brick construction and composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,111
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,220
$662.2K
Cap Rate 7%
$473,014
$473.0K
Cap Rate 9%
$367,900
$367.9K
Market Conditions
NOI Build-Up for 3,944 SF
Gross rent
$62.0K $15.72/SF
− Vacancy
−$1.8K −$0.46/SF
EGI
$60.2K $15.26/SF
− OpEx
−$27.1K −$6.87/SF
NOI
$33.1K $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%
$662,220
Cap Rate 7%
$473,014
Cap Rate 9%
$367,900
Alternative Uses
Best Use
Multifamily LT 5
$529.3K
$463.1K – $617.5K
NOI $37,051 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$473.0K
$413.9K – $551.9K
NOI $33,111 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.02M
$895.5K – $1.19M
NOI $71,636 @ 7.0% cap · market cap 17.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
358
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased residential income property with tiled interiors, private patios, and tenant-paid water and electricity.
Where is this quadplex located?
The property is located at 613 La Mancha Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four fully leased units totaling 3,944 square feet; 0.2603‑acre parcel in North Edinburg; Built in 2004 with brick construction and composition roof
