Perfect for first-time investors looking to live on-site, this well-maintained 4-plex offers a rare opportunity to generate rental income while building equity. Three units are already rented, providing immediate cash flow, with one 2-bed, 2-bath unit available for an owner-occupant or new tenant. Located minutes from the university and the thriving city of Edinburg, this property is in a high-demand rental area, ensuring strong occupancy rates. Whether you're starting your investment journey or expanding your portfolio, this multifamily gem is a smart move.
For sale
$513,000
405 Downing Ave, Edinburg, TX 78539
8beds
8baths
3,960sqft
Est.:
Quadruplex, Multi Family
Built in 2017
-- sqft lot
$498,200 Zestimate®
$130/sqft
$42/mo HOA
What's special
- 159 days
- on Zillow |
- 21 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: April 03, 2025 at 12:09pm
Listed by:
Quincy Bonilla 956-223-0278,
Fox Real Estate Pros
Source: Greater McAllen AOR,MLS#: 464422
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Dryer, Microwave, Refrigerator, Stove/Range, Washer
- Laundry: Laundry Closet
Features
- Ceiling Fan(s)
- Flooring: Tile
Interior area
- Total structure area: 3,960
- Total interior livable area: 3,960 sqft
Property
Parking
- Total spaces: 8
- Parking features: Detached
- Carport spaces: 8
Features
- Patio & porch: Patio
- Fencing: Wood
Lot
- Size: 10,079.78 Square Feet
- Features: Sidewalks, Sprinkler System
Details
- Additional structures: Outbuilding (None)
- Parcel number: M566501000005900
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 2017
Utilities & green energy
- Sewer: Public Sewer
Green energy
- Energy efficient items: None
Community & HOA
Community
- Features: Gated
- Subdivision: Mon Mack Landing
HOA
- Has HOA: Yes
- HOA fee: $500 annually
- HOA name: Home Key Property Management
Location
- Region: Edinburg
Financial & listing details
- Price per square foot: $130/sqft
- Tax assessed value: $482,833
- Annual tax amount: $11,018
- Date on market: 3/5/2025
- Road surface type: Paved
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