Three-Unit Triplex
709 La Mancha Drive Edinburg, TX 78541
For Sale
Contact for pricing
Triplex with three units, each featuring 3 bedrooms and 3 bathrooms, with 1,260 sq ft of living space.
Property Size3,780 SF
Price / SF$99.44
Days on Market121
Property Features for 709 La Mancha Drive
General Information
- Standard status
- Active
- Size
- 3,780 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2005
Listing Agency:
Monarca Real Estate Group LLC
Listed By:
Kevin Joseph Martinez
Source:
Crexi
Added: Mar 26
Changed: Jul 22
Last Checked: Jul 23 at 12:51PM
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 Monarca Real Estate Group LLC
Investment Insights
Based on property information with market context.
This for-sale triplex offers three separate units, each laid out with 3 bedrooms and 3 bathrooms. The property includes 1,260 sq ft of living space across the three-unit configuration.
Located at 709 La Mancha Drive in Edinburg, the home is described as being close to UTRGV and near a bustling commercial area.
The overall setup provides a straightforward three-unit residential income structure with consistent unit bedroom and bathroom counts throughout the property.
Located at 709 La Mancha Drive in Edinburg, the home is described as being close to UTRGV and near a bustling commercial area.
The overall setup provides a straightforward three-unit residential income structure with consistent unit bedroom and bathroom counts throughout the property.
Key Highlights
- Triplex built in 2005 with three units
- Each unit features 3 bedrooms and 3 bathrooms
- Each unit offers 1,260 sq ft of living space
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $15.72 |
| − Vacancy | −$1.7k | −$0.46 |
| EGI | $57.7k | $15.26 |
| − OpEx | −$26.0k | −$6.87 |
| NOI | $31.7k | $8.40 |
3,780 SF · lease $15.72/SF/yr · vacancy 2.90% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$507.3K
$443.9K – $591.9K
NOI $35,511 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$453.3K
$396.7K – $528.9K
NOI $31,734 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$980.8K
$858.2K – $1.14M
NOI $68,657 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with three units, each featuring 3 bedrooms and 3 bathrooms, with 1,260 sq ft of living space.
Where is this triplex located?
The property is located at 709 La Mancha Drive Edinburg, TX.
What is the asking price?
The asking price for this property is $375,888.
What are key features of this property?
This property features: Triplex built in 2005 with three units; Each unit features 3 bedrooms and 3 bathrooms; Each unit offers 1,260 sq ft of living space
